Total, the only remaining multinational player in Nigeria’s downstream has decided to sell off its downstream assets due to the shrinking profit margins at the sub-sector.
About 12 foreign and indigenous firms are said to be in hot race for its multi-billion dollar downstream assets, according...
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The latest report from the Nigerian National Petroleum Corporation shown that India and the United States have slashed their imports of Nigerian crude oil by 43 per cent and 53 per cent, respectively, translating to a loss of at least N88bn in earnings.
India, which became the single largest...
The Nigerian National Petroleum Corporation (NNPC) has recorded its first profit in 15years.
THIS DAY reports that the NNPC has made an operating profit of N273.74 million for the month of May, reversing the losses of N35 billion made by the corporation over the last 15 years.
“PPMC...
Ethnic sentiments are the order of the day as Nigerians react to the appiontment of a new board of directors for the Nigerian National Petroleum Corporation (NNPC).
See reactions culled from Social network below:
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