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The Nigerian National Petroleum Corporation (NNPC) has said the federal government’s 2.3 million barrels per day (bpd) crude oil projection for the 2018 budget is achievable. The NNPC Group General Manager, Corporate Planning and Strategy, Mr Bala Wunti, said in Abuja that the projection is realistic. A statememt by Mr Ndu Ughamadu Group General Manager…
November 28, 2017
By 'Dotun Akintomide The federal government has lamented over the activities of illegal miners which has made the nation lost about $9 billion (N3trn) in two years with huge losses recorded in illegal gold exportation. The minister of mines and solid minerals, Kayode Fayemi, made this known after the Federal Executive Council ( FEC) meeting…
November 23, 2017
The House of Representatives has criticised a bid by the Nigerian National Petroleum Corporation, NNPC to spend $1.8 billion on the maintenance of the refineries across the country. In a motion by Ibrahim Isiaka (Ogun – APC) at the plenary on Tuesday, he queried the viability of further expenditure on the country’s four refineries and…
November 23, 2017
… Projects Additional 1000km of Gas Lines The Nigerian National Petroleum Corporation (NNPC) has so far completed, commissioned and delivered 500km of gas pipelines between 2010 to date as part of an aggressive expansion of gas pipeline infrastructure across the country. Group Managing Director of the NNPC, Dr. Maikanti Baru, stated this on Tuesday in…
November 22, 2017
A yet-to-be identified buyer has paid $36million for the luxury penthouse at the One57 tower in New York formerly owned by wanted Nigerian oilman Kola Aluko. The transaction means a $15m loss on the property. Quoting Bloomberg,  Curbed reported that the 79th floor apartment was sold at a foreclosure auction. The oil magnate wanted in Nigeria by the…
November 14, 2017
South African companies have visited Delta State in its determination to source for natural gas. About four companies; NLG, Transnet, a South African State-owned firm which specializes in port, bridges and rail development and pipeline and IDC, a financing company. The South African Ambassador to Nigeria, Lulu Louis Nguini, who spoke on behalf of the…
October 30, 2017
Oil price rose and Nasdaq Composite had its best day in nearly a year on Saturday , boosted by strong corporate earnings, while the euro posted its worst week of 2017 after the European Central Bank decided to prolong its bond buying to keep interest rates low. Oil prices jumped on support among the world’s…
October 28, 2017
'Dotun Akintomide with Agency report No fewer than seventy five beneficiaries of the Petroleum Technology Development Fund (PTDF) Welders Training and Certification Programme (WTCP) have commenced a six-month post training attachment at the Kaduna and Warri refineries. In a statement signed by Mr Kalu Otisi, Head Press and External Relations in Abuja on Friday, PTDF…
October 27, 2017
The Nigerian Association of Energy Economics (NAEE) said the Nigerian government will need estimated 1.6 billion dollars to complete critical infrastructure in generation, transmission and distribution of power between 2017 and 2020. The President of the association, Prof. Wumi Iledare disclosed this in Abuja to mark the 2017 World Energy Day with the Theme “…
October 24, 2017
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The Nigerian National Petroleum Corporation (NNPC) has said the federal government’s 2.3 million barrels per day (bpd) crude oil projection for the 2018 budget is achievable. The NNPC Group General Manager, Corporate Planning and Strategy, Mr Bala Wunti, said in Abuja that the projection is realistic. A statememt by Mr Ndu Ughamadu Group General Manager…
November 28, 2017
By 'Dotun Akintomide The federal government has lamented over the activities of illegal miners which has made the nation lost about $9 billion (N3trn) in two years with huge losses recorded in illegal gold exportation. The minister of mines and solid minerals, Kayode Fayemi, made this known after the Federal Executive Council ( FEC) meeting…
November 23, 2017
The House of Representatives has criticised a bid by the Nigerian National Petroleum Corporation, NNPC to spend $1.8 billion on the maintenance of the refineries across the country. In a motion by Ibrahim Isiaka (Ogun – APC) at the plenary on Tuesday, he queried the viability of further expenditure on the country’s four refineries and…
November 23, 2017
… Projects Additional 1000km of Gas Lines The Nigerian National Petroleum Corporation (NNPC) has so far completed, commissioned and delivered 500km of gas pipelines between 2010 to date as part of an aggressive expansion of gas pipeline infrastructure across the country. Group Managing Director of the NNPC, Dr. Maikanti Baru, stated this on Tuesday in…
November 22, 2017
A yet-to-be identified buyer has paid $36million for the luxury penthouse at the One57 tower in New York formerly owned by wanted Nigerian oilman Kola Aluko. The transaction means a $15m loss on the property. Quoting Bloomberg,  Curbed reported that the 79th floor apartment was sold at a foreclosure auction. The oil magnate wanted in Nigeria by the…
November 14, 2017
South African companies have visited Delta State in its determination to source for natural gas. About four companies; NLG, Transnet, a South African State-owned firm which specializes in port, bridges and rail development and pipeline and IDC, a financing company. The South African Ambassador to Nigeria, Lulu Louis Nguini, who spoke on behalf of the…
October 30, 2017
Oil price rose and Nasdaq Composite had its best day in nearly a year on Saturday , boosted by strong corporate earnings, while the euro posted its worst week of 2017 after the European Central Bank decided to prolong its bond buying to keep interest rates low. Oil prices jumped on support among the world’s…
October 28, 2017
'Dotun Akintomide with Agency report No fewer than seventy five beneficiaries of the Petroleum Technology Development Fund (PTDF) Welders Training and Certification Programme (WTCP) have commenced a six-month post training attachment at the Kaduna and Warri refineries. In a statement signed by Mr Kalu Otisi, Head Press and External Relations in Abuja on Friday, PTDF…
October 27, 2017
The Nigerian Association of Energy Economics (NAEE) said the Nigerian government will need estimated 1.6 billion dollars to complete critical infrastructure in generation, transmission and distribution of power between 2017 and 2020. The President of the association, Prof. Wumi Iledare disclosed this in Abuja to mark the 2017 World Energy Day with the Theme “…
October 24, 2017
