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'Dotun Akintomide With Agency Report The Nigerian National Petroleum Corporation (NNPC) distributed and sold about 1.3 billion litres of petroleum products throughout the country in September, a report has said. A statement issued in Abuja on Monday by Mr Ndu Ughamadu, NNPC Group General Manager Public Affairs Division, said the figure was contained in the…
December 19, 2017
Dangote Refinery currently under construction would save Nigeria $12 billion annual import substitution, create 4,000 direct jobs and crash prices of petroleum products. Mr Babajide Soyode, the Technical Consultant to Alhaji Aliko Dangote, said the project would add value to the economy as it would also create 145,000 indirect jobs. He said that the refinery…
December 14, 2017
Agency Report - President Muhammadu Buhari on Tuesday in Paris appealed to the international community to support Nigeria’s commitment to reducing the negative effects of climate change. The president’s Special Adviser on Media and Publicity, Mr Femi Adesina in a statement in Abuja said Buhari made the appeal in a submission to the “One Planet”…
December 13, 2017
By 'Dotun Akintomide Shrouded in water-tight secrecy, the $80 billion (N16trn) nuclear plants' deal signed last October by the incumbent administration of President Muhammadu Buhari has been described by concerned activists' groups as a looming catastrophe hanging on Nigeria's civil population, worse than the deadly sect, Boko Haram and its unending holocaust. According to snippets…
December 12, 2017
Nigeria’s electricity generation has hit 7,000 megawatts, the highest in the history of Nigeria, but a large proportion of the generation is idle. Reports say that only 5,000 megawatts had been utilised, leaving 2,000 megawatts idle. Mr Babatunde Fashola, the Minister of Power, Works and Housing, complained that only a part of the generation had…
December 12, 2017
The trial of Jide Omokore, an ally of Diezani Alison-Madueke, for a $1.6billion fraud could not continue on Friday, December 8, 2017, due to the absence of defence counsel, Tayo Oyetibo, SAN. Omokore, Chairman of Atlantic Energy Brass Development limited, Atlantic Energy Drlling Concept Limited, is being prosecuted by the Economic and Financial Crimes Commission,…
December 8, 2017
Minister of State for Petroleum Resources, Dr Ibe Kachikwu, says the major cause of the fuel scarcity currently being witnessed across the country is shortfall in supply of petroleum products. Kachikwu, who stated this in a news briefing on Thursday in Abuja, however, said that the Nigerian National Petroleum Corporation (NNPC) was making efforts to…
December 7, 2017
The Nigerian National Petroleum Corporation (NNPC) has reiterated that there is no plan to increase the prices of petroleum products both at the ex-depot level and pump price ahead of the forthcoming yuletide. The Corporation re-emphasised this in a statement signed by Mr Ndu Ughamadu, Group General Manager Group Public Affairs Division, in Abuja, on…
December 4, 2017
Oil prices are expected to rise further as Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC extends the production cut deal to Dec. 2018. Saudi Arabia’s Energy Minister, Mr Khalid al-Falih made this known on Thursday in Vienna, in a press conference at the end of the third OPEC and non-OPEC Ministerial meeting. al-Falih, who is also the…
December 1, 2017
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'Dotun Akintomide With Agency Report The Nigerian National Petroleum Corporation (NNPC) distributed and sold about 1.3 billion litres of petroleum products throughout the country in September, a report has said. A statement issued in Abuja on Monday by Mr Ndu Ughamadu, NNPC Group General Manager Public Affairs Division, said the figure was contained in the…
December 19, 2017
Dangote Refinery currently under construction would save Nigeria $12 billion annual import substitution, create 4,000 direct jobs and crash prices of petroleum products. Mr Babajide Soyode, the Technical Consultant to Alhaji Aliko Dangote, said the project would add value to the economy as it would also create 145,000 indirect jobs. He said that the refinery…
December 14, 2017
Agency Report - President Muhammadu Buhari on Tuesday in Paris appealed to the international community to support Nigeria’s commitment to reducing the negative effects of climate change. The president’s Special Adviser on Media and Publicity, Mr Femi Adesina in a statement in Abuja said Buhari made the appeal in a submission to the “One Planet”…
December 13, 2017
By 'Dotun Akintomide Shrouded in water-tight secrecy, the $80 billion (N16trn) nuclear plants' deal signed last October by the incumbent administration of President Muhammadu Buhari has been described by concerned activists' groups as a looming catastrophe hanging on Nigeria's civil population, worse than the deadly sect, Boko Haram and its unending holocaust. According to snippets…
December 12, 2017
Nigeria’s electricity generation has hit 7,000 megawatts, the highest in the history of Nigeria, but a large proportion of the generation is idle. Reports say that only 5,000 megawatts had been utilised, leaving 2,000 megawatts idle. Mr Babatunde Fashola, the Minister of Power, Works and Housing, complained that only a part of the generation had…
December 12, 2017
The trial of Jide Omokore, an ally of Diezani Alison-Madueke, for a $1.6billion fraud could not continue on Friday, December 8, 2017, due to the absence of defence counsel, Tayo Oyetibo, SAN. Omokore, Chairman of Atlantic Energy Brass Development limited, Atlantic Energy Drlling Concept Limited, is being prosecuted by the Economic and Financial Crimes Commission,…
December 8, 2017
Minister of State for Petroleum Resources, Dr Ibe Kachikwu, says the major cause of the fuel scarcity currently being witnessed across the country is shortfall in supply of petroleum products. Kachikwu, who stated this in a news briefing on Thursday in Abuja, however, said that the Nigerian National Petroleum Corporation (NNPC) was making efforts to…
December 7, 2017
The Nigerian National Petroleum Corporation (NNPC) has reiterated that there is no plan to increase the prices of petroleum products both at the ex-depot level and pump price ahead of the forthcoming yuletide. The Corporation re-emphasised this in a statement signed by Mr Ndu Ughamadu, Group General Manager Group Public Affairs Division, in Abuja, on…
December 4, 2017
Oil prices are expected to rise further as Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC extends the production cut deal to Dec. 2018. Saudi Arabia’s Energy Minister, Mr Khalid al-Falih made this known on Thursday in Vienna, in a press conference at the end of the third OPEC and non-OPEC Ministerial meeting. al-Falih, who is also the…
December 1, 2017
