Daily Archives: March 14, 2018

Indonesia to buy more Nigeria’s crude oil

INDONESIA has expressed the desire to buy more crude oil from Nigeria, which is expected to further boost Nigeria’s business relationship with the country.   The indication was made by the Head of Economic Affairs of the Indonesian Embassy, Mr DwiyatnaWidinugraha, who led a delegation from the country on a courtesy call on the Group […]

PwC says oil production to add 2% growth to Nigeria’s GDP in 2018

  PricewaterhouseCoopers (PwC), Nigeria said that Nigeria’s real Gross Domestic Product (GDP), will grow at 2.0% year-on-year in 2018, propelled by oil production increase and government spending, Vanguard reports.   The multinational professional services firm in its latest economic report said significantly higher oil sector growth in the first quarter of 2018 due to base […]

CRIMEGas-Flaring: Environmentalist Wants Stiffer Punishment Against Defaulters

  The National Secretary, Nigerian Environmental Society (NES), Mr Paul Akporowho, has called for stiffer punishment against multinational oil companies involved in gas-flaring in the country. Akporowho told News Agency of Nigeria (NAN) on Tuesday in Warri that sanctioning the companies would help to end persistent gas-flaring, especially in the Niger Delta.   He also […]

Nigeria’s refinery overhaul projects to begin in Q2 2018 – NNPC

  An official from Nigeria’s state oil company, NNPC said on Tuesday that refinery overhaul projects will begin in the country as soon as the second quarter in an effort to reduce its reliance on imported fuel, Reuters reports.   “We believe that by the second quarter of this year we will …start getting the […]