The Group Managing Director of the Nigerian National Petroleum Company Limited, Mele Kyari, has announced that the NNPC is increasing the supply of Liquefied Petroleum Gas, popularly called cooking gas, in a bid to force down its price. Kyari, who announced this at the inauguration of a one hundred and twenty-metric tonnes LPG storage and bottling plant…
The Organisation of the Petroleum Exporting Countries says crude oil prices dropped by 2.1 percent in November 2021. OPEC in its Oil Market Report for December 2021, disclosed that crude oil spot declined in November following concerns regarding the emergence of the new Omicron COVID-19 variant. The report also disclosed that crude oil futures prices ended November…
The latest global passport index has ranked Nigeria 103 out of 116 countries with the most powerful international passports in the world. Nigeria is sharing the 103rd position with Ethiopia in the 2021 Henley Passport Index. A Nigerian passport, according to the report only guarantees visa-free access to 45 countries of the world. The 2021 Henley Passport…
A new report released by the National Bureau of Statistics shows that Nigeria’s trade on the international market has dropped further. The report puts Nigeria’s total foreign trade at thirty-five point zero-nine trillion naira, between January and September this year. The figure is made up of twenty-two trillion naira of imports, and thirteen point one trillion-naira export,…
Some stakeholders in the Nigerian ports are not happy with the decision by the Federal Government on the use of a private company for the tracking of cargo heading to the country. Frank Tietie, who is the Executive Director of Citizens Advocacy for Social and Economic Rights, said the selection process used by the Minister of Transport,…
The National Union of Petroleum and Natural Gas Workers has extended its strike notice to the Federal Government to three weeks. Nupeng has earlier given the Federal Government fourteen days to address welfare issues concerning its members, including staff of Chevron who were forced out of work. Nupeng General Secretary, Afolabi Olawale, confirmed in a statement that…