NNPC LTD LAUNCHES NEW CAWTHORNE BLEND CRUDE INTO GLOBAL MARKET; FIRST EXPORT CARGO HEADS TO THE NETHERLANDS. (PHOTO)

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 NNPC Ltd Launches  New Cawthorne Blend Crude Into Global Market; First Export Cargo Heads To The Netherlands The Nigerian National Petroleum Company (NNPC) Limited,  says it has commenced export of its new crude grade – Cawthorne, a significant milestone in the Company’s drive to increase Nigeria’s crude oil production and expand its portfolio of globally competitive export streams.  A Statement By Andy Odeh Chief Corporate Communications Officer Reveals  Cawthorne blend crude, the latest addition to Nigeria’s basket of crude grades, has an API gravity of 36.4, placing it firmly within the light, sweet category – comparable to Bonny Light, and highly valued in the global market for its superior petrol and diesel yields. NNPC Ltd confirms that the Cawthorne blend crude, which was loaded on an MT Eburones vessel, headed to The Netherlands, and unto the global market. The maiden 950,000 barrels cargo was exported via the Cawthorne Floating Storage and Offloading (...
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NIGERIAN BREWERIES ANNOUNCES FRESH INCREASE IN PRICES OF BEER. (PHOTO).

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 Nigerian Breweries announces fresh increase in prices of beer


Nigerian Breweries Plc, on Monday, announced a fresh increment in the price of its products after the previous increase in February.


The company had earlier issued a new price review notification to all its customers in the West Zone.


A letter dated Monday, February 12, 2024, stated that the price review, effective from Monday, February 19, 2024, had become imperative to offset the impact of increased production expenses.


Meanwhile, on Monday, another press statement dated March 8, 2024, was sent to customers around the West zone and signed by its Zonal Business manyager, Lekan Awosanya, announcing a new price increase.


The company, in the statement, said the new price review will take effect from Friday, March 15, 2024.


According to the notice, the latest price review is premised on the need to mitigate the impact of rising input costs.


The statement read, “As earlier informed we will review the prices of some of our SKUs effective Friday 15th March 2024. This review has become necessary because of the continued rising input cost and the need to mitigate the impact.


“All open orders in our system at 00.00hrs on Friday 15th of March, 2024 will be invoiced at the new prices.”


But the company expressed appreciation to its customers for their commitment and great partnership while assuring dealers of continued support for sales and distribution.


Nigerian Breweries is the producer of Star lager beer, Gulder lager beer, Legend Extra Stout, Heineken lager beer, Life Continental lager, Ace Passion, Star Lite and Star Radler, 33 Export lager beer, Williams dark ale, Turbo Kings dark ale, More lager beer, Star Radler Red Fruits, and Desperados, amongst others.

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