News

Oil set for 20% drop in 2020 as lockdowns weigh

Global crude oil markets have lost about a fifth of their value in 2020 as strict coronavirus lockdowns paralyzed much of the global economy, but prices have rebounded strongly from their lows as governments rolled out more stimulus. On Thursday, the last trading day of 2020, Brent was trading down 18 cents, or 0.4 per […]

Business

Crude oil sale: 49 firms screened out of ongoing contracts

Forty nine firms have already been screened out of the race for Nigeria’s 2020/2022 crude oil sale contracts as the deals hot up. Over 339 companies were earlier unveiled by the Nigerian National Petroleum Corporation (NNPC) to have submitted bids for the contracts. New Telegraph gathered at the weekend that 49 of the firms fell […]

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