LAGOS APRIL 8TH (NEWSRANGERS)-The pump price of petrol could drop further by between N5 and N8 per litre, operators in the downstream oil sector have said. According to oil marketers, the crash in crude oil price warranted the recent slashes in petrol price by the Petroleum Products Pricing Regulatory Agency. They noted that the current…
LAGOS FEBRUARY 29TH (NEWSRANGERS)-Borno and Yobe elders has exposed another helicopter sighted supplying arms and food for Boko Haram insurgents. Speaking under the aegis of Borno, Yobe People’s Forum, the elders also asked those in authorities to tell Nigerians those who authorised the withdrawal of security personnel from the Federal Government College, Buni Yadi, few…
LAGOS FEBRUARY 21ST (NEWSRANGERS)-Central Bank of Nigeria’s reserves data shows that the country’s external reserves have dropped by $1.51 billion within 45 days. The data was analysed based on the movement of the country’s external reserves between January 6 to February 18, 2020, as contained in the CBN data on the ‘movement in reserves’ According…
LAGOS FEBRUARY 14TH (NEWSRANGERS)-Nigeria’s oil production could drop by 35 percent in the next ten years as regulatory uncertainty and costs amid languishing oil prices may prompt oil majors to postpone final investment decisions on three major deepwater projects, consultancy Wood Mackenzie told Reuters on Thursday. OPEC member Nigeria is the largest oil producer in…
LAGOS SEPTEMBER 17TH (NEWSRANGERS)-Oil prices dropped sharply on Tuesday after a top Saudi Arabian source told Reuters production could be fully back on line within weeks, quicker than initially thought following weekend attacks that cut halved the kingdom’s output. Saturday’s attacks raised the specter of a major supply shock in a market that in recent…