The Petroleum Products Pricing Regulatory Agency has debunked fear of petroleum shortage in the country as global oil demand declined drastically. In a statement signed by the agency Executive Secretary, Abdulkadir Saidu, he said, Nigerians have nothing to fear despite the rising fear of coronavirus spread affecting the global oil demand. He said that the […]
Novak said that if a decision were taken this week to raise output, OPEC and its allies could meet again in September to review the impact and fine-tune production policy. The energy ministers of Kuwait, Angola and the United Arab Emirates declined to comment on Tuesday when arriving in Vienna, where the 14-member OPEC is […]
Following the poor state of power sector and dwindling global oil prices, Zenith Bank Plc has reported N71.37 billion bad loans in financial year ended December 31, 2016. The lender in 2015 reported N44.89 billion bad loans, 59 per cent increase above 2016 bad loans. With the growth in bad loans in 2016, the lender’s […]