Daily Archives: March 7, 2018

Nigeria Earned $476.25m from Crude Oil Sales in December

  The Nigerian National Petroleum Corporation (NNPC) Tuesday said it recorded a total export receipt worth $476.25 million from its sale of crude oil for Nigeria in December, 2017.   NNPC said in a statement from its Group General Manager, Public Affairs, Mr. Ndu Ughamadu, in Abuja that the record of sales was contained in […]

We reduced cost of producing barrel of oil to $20 – NNPC

  The Nigerian National Petroleum Corporation (NNPC) on Monday said that it had been able to reduce the cost of producing a barrel of crude oil to $20. A statement issued by the corporation said “additional measures have been put in place to further reduce the cost to $15 per barrel.” The corporation also announced […]

Alternatives to crude oil threatening Nigeria, others — Osinbajo

  Vice President Yemi Osinbajo, has raised concerns that the development of alternatives to crude oil in Europe and Asia would pose serious challenge for Nigeria and other African countries.       Speaking at the just concluded Nigeria International Petroleum Summit in Abuja, Osinbajo said this discovery of alternatives calls for increased synergies, collaboration […]