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We’ll support efforts to resuscitate the refineries —PTDF

We’ll support efforts to resuscitate the refineries —PTDF

The Petroleum Technology Development Fund says it will support efforts to address some of the major challenges hindering the operations of Nigeria’s refineries. Dr Bello Gusau, the Executive Secretary of the fund, disclosed this at the 2017/2018 PTDF annual oil and gas research grant competition close-out seminar in Abuja. Gusau said that the fund was […] …

Turkey targets N360bn trade transactions with Nigeria

Turkey targets N360bn trade transactions with Nigeria

The Turkish Exporters Assembly on Wednesday expressed optimism that trade transactions between Turkey and Nigeria would reach about N360bn in the short-term by 2020. The Assembly’s International Trade Manager, Mr. Abdullah Keskin, told the News Agency of Nigeria in Lagos that Turkey would, within the period, increase her trade relations with Nigeria. Keskin, who led a Turkish Trade Delegation to Lagos, […] …

Barkindo decries under-investment in global oil industry

Barkindo decries under-investment in global oil industry

The global oil industry should ramp up investment to ensure it can cope with future consumption growth and avoid supply shortages, OPEC Secretary-General Mohammad Barkindo told a conference in Baku. The Organisation of the Petroleum Exporting Countries and other producers led by Russia last year began withholding 1.8 million barrels per day of supplies to […] …

41 items still banned under Nigeria-China currency swap deal, CBN warns

41 items still banned under Nigeria-China currency swap deal, CBN warns

The Central Bank of Nigeria said that the Nigeria-China currency swap deal would not cover the importation of the 41 items banned in its 2015 circular on items not valid for foreign exchange. CBN’s acting Director, Corporate Communications, Mr. Isaac Okorafor, made this known in an interview with the News Agency of Nigeria on Sunday in […] …

Inflation dropped to 12.48% in April –NBS

Inflation dropped to 12.48% in April –NBS

Ifeanyi Onuba, Abuja The National Bureau of Statistics on Tuesday released the Consumer Price Index which measures inflation, with the index dropping from 13.34 per cent in March to 12.48 per cent in April. The bureau said this in the CPI report, made available to our correspondent in Abuja. The bureau, in the report, said […] …

NSE: Market indices rebound by 0.26% after four-day decline

NSE: Market indices rebound by 0.26% after four-day decline

After depreciating for four consecutive days, indicators of the performance of the Nigerian Stock Exchange rebounded by 0.26 per cent on Friday. The News Agency of Nigeria reports that the market capitalisation, which opened at N14.820trn rose by N39bn or 0.26 per cent to close at N14.859trn. Also, the All-Share Index appreciated by 107.37 points or […] …

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