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Posts tagged with "Mallam Mele Kyari"

Nigeria begged buyers to come and purchase her crude oil at $9 a barrel at one stage if the lockdown African News

Nigeria begged buyers to come and purchase her crude oil at $9 a barrel at one stage if the lockdown

NIGERIA'S avoided total economic collapse earlier this year at the height of the coronavirus pandemic lockdown in April when crude oil prices collapsed to such a low level that the federal government was begging buyers to make purchases at $9 a barrel.   Being a mono-economy, over 90% of Nigerian government revenue comes from...
Nigeria signs MoU with her northern neighbour Niger Republic for the supply of petrol African News

Nigeria signs MoU with her northern neighbour Niger Republic for the supply of petrol

NIGERIA'S federal government has signed an agreement with Niger Republic to resume the resumption of petrol products from her northern neighbour as part of a plan to combat domestic shortages due to limited refining capacity.   Despite being Africa's largest crude oil producer and the sixth largest exporter in the world,...
Nigeria's three refineries chalk up losses of $380bn over the last 12 months as they lie idle African News

Nigeria's three refineries chalk up losses of $380bn over the last 12 months as they lie idle

NIGERIA'S three petroleum refineries have incurred losses totalling N142.07bn ($380m) over the last 12 months as a result of staying idle while they chalk up huge operating expenses at a time when they are not generating any revenue.   According to recent data from the Nigerian National Petroleum Corporation (NNPC), the...
 

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