Author: uzo.nzeogu

Africa’s oil sector is entering a defining decade with landmark refineries under construction and about $100 billion in investments at stake. Still, the continent faces an important choice of remaining dependent on imports or building resilient refining capacity to secure its energy future, The post Africa’s refining ambition: Between sovereignty and looming risks appeared first on The Guardian Nigeria News – Nigeria and World News. Source: Original article

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An indigenous oil and gas company, MSM group has improved output from Nigeria’s Oil Prospecting Licence (OPL) 98 by 126 million barrels to 224 million barrels from 118 million barrels capacity that was handed over to it by the Nigerian National Petroleum Company Limited (NNPCL). The post Firm boosts Nigeria’s oil reserves by 126 million barrels appeared first on The Guardian Nigeria News – Nigeria and World News. Source: Original article

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Shareholders have raised concerns over the escalating cost of energy in Nigeria, warning that the development is threatening the fragile recovery of manufacturing companies, particularly those in the fast-moving consumer goods (FMCG) sector, whose profits had earlier been eroded by foreign exchange (FX) losses. The post Shareholders rue impact of rising energy cost on FMCG sector appeared first on The Guardian Nigeria News – Nigeria and World News. Source: Original article

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Nigerian National Petroleum Company (NNPC) Limited says a coordinated campaign by defence and intelligence agencies has nearly wiped out pipeline theft, restoring confidence in the country’s crude evacuation network. Group Chief Executive Officer of NNPC, Bayo Ojulari, told a regional The post Oil theft nearly wiped out — GCEO NNPC appeared first on The Guardian Nigeria News – Nigeria and World News. Source: Original article

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