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OPEC slashes 2021 oil demand forecast again

The Organization of the Petroleum Exporting Countries (OPEC) said on Tuesday that world oil demand will recover more slowly in 2021 than previously thought as coronavirus cases increase, adding to headwinds faced by the group and its allies in balancing the market.

Nigeria’s oil & gas earnings reach N24trn in 5yrs

Nigeria’s oil and gas earnings in the first half of 2020, is N2.41 trillion just 8.7 percent below the N2.63 trillion recorded in the corresponding period of 2019, despite the huge global crash in prices, bringing the country’s total earnings from this mainstay of revenue in the past five years (2015-2019) to N24.1 trillion.

PIB’ll secure the oil sector’s future, says Kyari

The passage of the Petroleum Industry Bill, PIB, would effectively secure the future of Nigeria’s oil and gas sector and attract the much-needed investments into the sector, Mallam Mele Kyari, the Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, said on Monday.

NNPC Retail wins Africa Finance Award

The Nigerian National Petroleum Corporation (NNPC Retail), has won the 2020 Africa Finance Awards. KCB Bank Kenya and Ghana Union Assurance are some of the organisations that also won the award.
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