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Buhari's govt struggles with oil industry promises 5 years after

These promises were collated from the APC policy document and manifesto, Buhari’s 100 days covenant, speeches at campaign rallies and town hall meetings nationwide in a runoff to the 2015 election.
Addressing the challenges formed the bedrock of a road map for the industry called the “7 Big Wins” which was launched by the president in October 2016.
The campaigns then were based on the ‘Change’ mantra. However, even on the ‘Next Level’ agenda which is already more than one year, the administration is still grappling to fulfill these promises.
The 7 Big Wins are Policy & Regulation, Business Environment & Investment Drive, Gas Revolution, Refineries and Local Production Capacity, Niger Delta & Security, Transparency & Efficiency, and Stakeholder Management and International Coordination. ....

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In search of Big Oil cash, FG tinkers with Oil Reform Bill

In search of Big Oil cash, FG tinkers with Oil Reform Bill
thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.

Muhammadu Buhari , Kennie Obateru , Festus Akanbi , Garba Deen Muhammad , Wood Mackenzie , Gail Anderson , Nigerian National Petroleum Corporation , Petroleum Resources , National Assembly , Special Assistant , President Muhammadu Buhari , கற்ப டீன் முஹம்மது , மரம் மெக்கன்சி , கெயில் ஆண்டர்சன் , நைஜீரியன் தேசிய பெட்ரோலியம் நிறுவனம் , பெட்ரோலியம் வளங்கள் , தேசிய சட்டசபை , சிறப்பு உதவியாளர் ,

Fuel price hike looms as crude oil hits $71 per barrel

TODAY
March 9, 2021
There will be more money for the 2021 budget implementation as the crude oil price on Monday hit $71/ barrel which doubles the $30 benchmark.
But the spike in crude oil price implies that Nigerians will pay more for a litre of petrol as the landing cost will also rise, experts have said.
Brent crude on Monday rose above $70 a barrel for the first time since the COVID-19 pandemic began; while U.S. crude touched its highest in more than two years following reports of attacks on Saudi Arabian oil facilities.
Yemen’s Houthi forces had fired drones and missiles at the heart of Saudi Arabia’s oil industry on Sunday, including a Saudi Aramco facility at Ras Tanura vital to petroleum exports in what Riyadh called a failed assault on global energy security. ....

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Fuel price hike looms as crude oil hits $71/barrel

Fuel price hike looms as crude oil hits $71/barrel
dailytrust.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailytrust.com Daily Mail and Mail on Sunday newspapers.

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Nigerian oil firm Lekoil loses board fight with top shareholder

4 Min Read
LAGOS/JOHANNESBURG (Reuters) - Shareholders of London-listed Nigerian oil company Lekoil voted on Friday to approve an investor’s bid to add three members to the company’s board, in the culmination of a bitter dispute between its founder and its biggest shareholder.
A Zimbabwean miner works underground at Metallon Gold mine in Shamva about 80 km (50 miles) north of the capital Hararre, on June 14, 2011. REUTERS/Philimon Bulawayo/File Photo
The dispute between Lekoil founder and chief executive Lekan Akinyanmi and top shareholder Metallon even drew in Nigeria’s Ministry of Petroleum, and created more unwanted public turmoil for the company, which was caught out by a fraudulent loan last year. ....

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