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Oil marketers flood jetties with 283, 577 metric tonnes of imported petrol, others

Oil marketers flood jetties with 283, 577 metric tonnes of imported petrol, others

•As Dangote Refinery export diesel, import crude By Udeme Akpan, Energy Editor Oil marketers have flooded the domestic market with 283, 577 metric tonnes of imported Premium Motor Spirit, PMS, also known as petrol and other petroleum products. This was even as the 650,000 Dangote Petroleum Refinery exported 44,000 metric tonnes of diesel to the global […]

FG defies concerns, ramps up domestic borrowing to N10.85trn

FG defies concerns, ramps up domestic borrowing to N10.85trn

•Shifts borrowing preference to TBs amidst high interest rates •Deficit to escalate as oil revenue underperforms •Analysts disagree over impact of GDP rebasing on debt ratio By Babajide Komolafe, Economy Editor &  Peter Egwuatu In spite of mounting concerns over the huge level of the country’s public debt, and the severe impact of rising cost of debt […]

Group endorses NUPRC’s crude production boost initiative

Group endorses NUPRC’s crude production boost initiative

The Extractive Industry Transparency Forum (EITF), a leading civil society group advocating for accountability in Nigeria’s oil and gas sector, has expressed strong support for the Nigerian Upstream Petroleum Regulatory Commission (NUPRC)’s “Project One Million Barrels Per Day.”