Falling Oil Prices: Govt Rules Out Borrowing, Mulls Contingency Plan

With oil prices in the international market continuing to head south, the federal government has said there is no cause for alarm, as contingency plans are already being put in place to avert shocks to the economy.The International Monetary Fund (IMF) also at the weekend ruled out any major shocks to the Nigerian economy on the basis of the new oil policy of the United States that brought to an...

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IPMAN Acquires 1,000 Hectares For $3BN Refineries In Kogi And Bayelsa

 The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Monday announced its commitment to provide leadership in establishing private refineries. Mr Chinedu Okoronkwo, IPMAN National President, said in Lagos that the association had acquired more than 1,000 hectares in Kogi and Bayelsa for the proposed three billion Dollars (N495 billion) refineries. IPMAN had earlier in July...

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