Business & Economy - Page 81

THE Organisation of Petroleum Exporting Countries, OPEC, has said supplies from Nigeria-based world’s largest single-train Dangote Refinery and Petrochemicals will put pressure on the performance of Europe’s oil industry, especially the Northwest Europe (NWE) Gasoil. OPEC, in its newly released monthly Oil Market

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has announced that the Port Harcourt refinery is on track to meet its August deadline for resuming petroleum production, with an expected output of 10 to 12 million liters of petrol available to marketers.

Dr. Alex Otti, Governor of Abia State, has said that the task of transforming Aba, Abia State’s commercial nerve centre, into a modern, world-class business hub is not a mean one but has become necessary for this knowledge economy age. Speaking yesterday,

The Manufacturers Association of Nigeria (MAN) has urged the Central Bank of Nigeria (CBN) to explore avenues to resolve outstanding obligations on foreign exchange forward. Mr Segun Ajayi-Kadir, the Director-General, MAN, who made the call in a statement yesterday in Lagos, said

Chairman and CEO of Motors Ltd, Innocent Chukwuma, manufacturers of all categories of motor vehicles in Nigeria has assured Nigerians that Compressed natural gas-powered vehicles, said to be cheaper to drive and maintain than petrol-powered ones, will soon flood the Nigerian vehicle market.

The Dangote Group has denied that it has backtracked by acknowledging that NNPC supplied about 60% of the 50 million barrels the refining division of the group has so far lifted, pointing out that it “never accused NNPC of not supplying us

By Ademola Tijani The Central Bank of Nigeria (CBN) has announced plans to implement a Retail Dutch Auction System (DAS) to address the increasing unmet foreign exchange (FX) demand from end users. According to a circular obtained by Daily Query, the