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Daily Archives: January 11, 2021

Oil nears $56, FG may reintroduce fuel subsidy

Oil nears $56, FG may reintroduce fuel subsidy

The sustained increase in global crude oil prices has pushed up the landing cost of imported petrol closer to the current pump prices of the product in Nigeria, and appears to have triggered a return to petrol subsidy era,  Since ...

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Billionaires list: Dangote loses $900m in 24 hours

Billionaires list: Dangote loses $900m in 24 hours

The President/Chief Executive, Dangote Industries Limited, Aliko Dangote, saw his total net worth drop by $900m on Friday as his flagship company emerged the biggest loser at the end of trading on the Nigerian Stock Exchange. Bloomberg Billionaires Index, which ...

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Late PIB passage threatens N4tr marginal fields earnings

Late PIB passage threatens N4tr marginal fields earnings

• FG looks to bid round to increase reserves • Host communities insist on right of refusal The Federal Government’s capacity to earn at least $10 billion or N4 trillion through the oil and gas industry, especially in the ongoing ...

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