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332,000bpd crude production grows NNPC’s profit by N12.13bn

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The Nigerian National Petroleum Corporation has recorded a trading surplus of N12.13bn, the monthly financial and operations report of the firm for December 2018, which was released on Sunday in Abuja, has stated. Read more

CBN plans single-digit interest loan for oil palm producers

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The Central Bank of Nigeria on Monday unveiled fresh plans to revive the palm oil value chain to enable the sector to generate foreign exchange and reduce the level of unemployment in the country. Read more

Zenith Bank shareholders get N2.50k dividend for 2018 financial year

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Nigeria’s lender, Zenith International Bank PLC, yesterday announced it recorded about N193billion in profit after tax in its Group Accounts for the financial  year ended December 31, 2018. Read more

Transfer of OML 11 to NPDC: Ogoni vows to resist resumption of crude, gas production

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The presidential directive to the Nigerian Petroleum Development Company Limited (NPDC) to takeover operation of the entire Oil Mining Lease (OML) 11 from Petroleum Development Company (SPDC) has been denounced by the Ogoni people. Read more

Nigeria has over 41 billion barrels of untapped crude oil – NNPC GMD

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After more than six decades of production, Nigeria still has over 41 billion barrels of crude oil reserves untapped, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, has disclosed. Read more

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