Tag: Crude oil
Low crude supply mars Naira-for-Crude scheme
There is a raging concern that the Naira-for-Crude initiative, which ensures local refineries receive crude oil in Naira and sell refined products to [...]
NNPCL interceprs vessel with stolen crude oil owned by Nigerian, Henry Coker
With the intercrption and seizure of a suspicious vessel with a cargo of crude oil on board on July 7, 2023, following the credible intelligence of a [...]
Buhari squanders $2.1bn left in excess crude account by Jonathan, reduces it $35m
The Muhammadu Buhari regime has steeply depleted Nigeria’s Excess Crude Account (ECA) to $35.8 million from over $2 billion left by former president G [...]
Naira further crashes to N425/$1
As the price of crude oil continues to slump, the downward slide of the naira in the parallel market appears not to end anytime soon, and as such, pre [...]
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