By Shakrullah Odunsi The force majeure declared by two oil majors- Shell Plc and Eni SpA appears to have sent jittery down the spines of the country’s economic managers with oil revenue taking a nosedive. Nigeria depends on oil for over 80 percent of its revenue which is used to […]
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More Revenue For Nigeria As Oil Price Rises Above $90
…Price may hit $120/barrel By Shakrullah Owolabi Nigeria may surpass its oil revenue target for 2022 if the current oil price level of over $90 per barrel is sustained in the months ahead. The development signals more revenue inflow for Nigeria as this is about $35.44 a barrel over its […]
Ardova Plc Commends Stanbic IBTC’s Support For LPG Storage Project
By Olatunde Dodondawa Ardova Plc commends Stanbic IBTC’s support for the LPG storage project AP LPG Terminal, a fully owned subsidiary of Ardova PLC, on Wednesday, 19 January 2022, performed the groundbreaking ceremony for the construction of a 20,000 metric tonne Liquified Petroleum Gas (LPG) storage terminal at the project […]