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Glut looms as buyers reject Nigerian crude

Glut looms as buyers reject Nigerian crude

Nigeria’s oil supply to the international market is facing glut as ample supply of light and medium grades from the North Sea and the Mediterranean are limiting buying interest for Nigerian crude, traders said. This is coming as Angola launches big oil block.

The excess crude account controversy

The excess crude account controversy

Rehabilitating and upgrading our refineries are profitable ventures that engender stable polity. Crude oil sales cannot make us an emerging economy but give us the toga of Third World