Goddy Ikeh
Nigeria’s Port Harcourt Refinery Company has commenced production of petroleum products after seven postponements and released about one million litres of refined products on Tuesday.
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday raised interest rate to 27.50%, up from 27.25%.
The Abidjan-Lagos corridor highway will link the cities of five major West African countries by 2030, and is set to become a powerful economic and industrial hub courtesy of the Spatial Development Initiative promoted by the African Development Bank.
The price of OPEC basket of 12 crudes stood at $73.58 a barrel on Monday, November 26, 2024, compared with $74.43 the previous Friday, according to OPEC Secretariat calculations.
The Dangote Petroleum Refinery says it has reduced the price of its petrol from N990 per litre to N970/litre for marketers.
The West African Power Pool (WAPP) has announced the hosting of 19th session of its General Assembly from November 25 to 29, 2024, at the Radisson Blu Hotel in Abidjan, Côte d’Ivoire.
The Nigerian equity market recorded a gain of N77bn in the past week, bringing the total market capitalisation closer to the anticipated N60tn threshold. The market capitalisation is currently N59.29tn.
The Nigerian Electricity Regulatory Commission (NERC) has said that the monthly spending of the Nigerian Government on electricity subsidy obligation has reached N1.91 trillion in the first 11 months of 2024.
The Nigerian National Petroleum Company Limited (NNPCL) and the Nigerian Upstream Petroleum Regulatory Authority say the country’s crude oil production has risen beyond the 1.5 million barrels per day quota allocated to it by the Organisation of the Petroleum Exporting Countries (OPEC).
The price of OPEC basket of 12 crudes stood at $74.43 a barrel on Friday, November 22, 2024, compared with $73,32 the previous day, according to OPEC Secretariat calculations.