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The average price paid by consumers for Premium Motor Spirit (petrol) dropped by 1.2 per cent year-on-year, the Nigeria Bureau of Statistics (NBS), has said According to a report on the NBS website, the Bureau also listed states with the highest and lowest average price of petrol in comparison with the approved government price of…
October 20, 2017
...As 15MVA Transformer Serves 350,000 Lagos Residents Causing Anguish By 'Dotun Akintomide Residents of Santos, Onilekere, Onipetesi, Valley and Punch Estates spanning Alimosho and Ikeja Local Government Areas of Lagos State on Thursday took to the streets to protest what they termed as "exploitation and outrageous billing" by the Ikeja Electricity Distribution Company (IKEDC). The protesters,…
October 20, 2017
Oil prices rose on Wednesday, lifted by a fall in U.S. crude inventories and concerns that tensions in the Middle East could disrupt supplies. Brent crude futures, the international benchmark for oil prices, were at 58.27 dollars at 0131 GMT, up 39 cents, or 0.7 per cent from their last close – and a third…
October 18, 2017
By 'Dotun Akintomide The Presidency on Sunday said no contracts worth 25 billion dollars were awarded by the Nigerian National Petroleum Corporation (NNPC). It also said that 25 billion dollars was iinot missing in the corporation. Mr Laolu Akande, Senior Special Assistant to the President on Media and Publicity, Office of the Vice President, stated…
October 16, 2017
The Presidency on Sunday said no contracts worth 25 billion dollars were awarded by the Nigerian National Petroleum Corporation (NNPC). It also said that 25 billion dollars was not missing in the corporation. Mr Laolu Akande, Senior Special Assistant to the President on Media and Publicity, Office of the Vice President, stated this in a…
October 16, 2017
The completion of Dangote Refinery in 2019 will mark another milestone in the Nigerian oil and gas industry as the $11 billion refinery hold the prospect of stopping of refined petroleum products by Nigeria. The Dangote Refinery will produce 650,000 barrels per day of refined petroleum products to meet all the country’s refined petroleum products…
October 15, 2017
…As GMD Tasks Industry to Brace up for Change The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Dr. Maikanti Kacalla Baru, has said that he had engaged investors to establish a refinery in Akwa Ibom State. The NNPC GMD, who declared this during a two-day PENGASSAN’s Triennial Retreat/Synergy workshop which opened today…
October 12, 2017
After raising the dust over $25bn NNPC contract scam which hasn't settled yet, the Minister of State for Petroleum, Dr. Ibe Kachikwu yesterday met with the NNPC Group Managing Director, Maikanti Baru. They both met at the Nigerian Economic Summit Group, NESG, in Abuja, where they spoke on how to improve the oil sector. With…
October 11, 2017
The founder and Chief Executive, Dangote Group, Aliko Dangote, told attendees of the Financial Times Africa Summit in London that the refinery his company is building in Nigeria would save the country some $15 billion by cutting its need for imported fuel. The refinery, which will have a nameplate capacity of 650,000 barrels per day…
October 11, 2017
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The average price paid by consumers for Premium Motor Spirit (petrol) dropped by 1.2 per cent year-on-year, the Nigeria Bureau of Statistics (NBS), has said According to a report on the NBS website, the Bureau also listed states with the highest and lowest average price of petrol in comparison with the approved government price of…
October 20, 2017
...As 15MVA Transformer Serves 350,000 Lagos Residents Causing Anguish By 'Dotun Akintomide Residents of Santos, Onilekere, Onipetesi, Valley and Punch Estates spanning Alimosho and Ikeja Local Government Areas of Lagos State on Thursday took to the streets to protest what they termed as "exploitation and outrageous billing" by the Ikeja Electricity Distribution Company (IKEDC). The protesters,…
October 20, 2017
Oil prices rose on Wednesday, lifted by a fall in U.S. crude inventories and concerns that tensions in the Middle East could disrupt supplies. Brent crude futures, the international benchmark for oil prices, were at 58.27 dollars at 0131 GMT, up 39 cents, or 0.7 per cent from their last close – and a third…
October 18, 2017
By 'Dotun Akintomide The Presidency on Sunday said no contracts worth 25 billion dollars were awarded by the Nigerian National Petroleum Corporation (NNPC). It also said that 25 billion dollars was iinot missing in the corporation. Mr Laolu Akande, Senior Special Assistant to the President on Media and Publicity, Office of the Vice President, stated…
October 16, 2017
The Presidency on Sunday said no contracts worth 25 billion dollars were awarded by the Nigerian National Petroleum Corporation (NNPC). It also said that 25 billion dollars was not missing in the corporation. Mr Laolu Akande, Senior Special Assistant to the President on Media and Publicity, Office of the Vice President, stated this in a…
October 16, 2017
The completion of Dangote Refinery in 2019 will mark another milestone in the Nigerian oil and gas industry as the $11 billion refinery hold the prospect of stopping of refined petroleum products by Nigeria. The Dangote Refinery will produce 650,000 barrels per day of refined petroleum products to meet all the country’s refined petroleum products…
October 15, 2017
…As GMD Tasks Industry to Brace up for Change The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Dr. Maikanti Kacalla Baru, has said that he had engaged investors to establish a refinery in Akwa Ibom State. The NNPC GMD, who declared this during a two-day PENGASSAN’s Triennial Retreat/Synergy workshop which opened today…
October 12, 2017
After raising the dust over $25bn NNPC contract scam which hasn't settled yet, the Minister of State for Petroleum, Dr. Ibe Kachikwu yesterday met with the NNPC Group Managing Director, Maikanti Baru. They both met at the Nigerian Economic Summit Group, NESG, in Abuja, where they spoke on how to improve the oil sector. With…
October 11, 2017
The founder and Chief Executive, Dangote Group, Aliko Dangote, told attendees of the Financial Times Africa Summit in London that the refinery his company is building in Nigeria would save the country some $15 billion by cutting its need for imported fuel. The refinery, which will have a nameplate capacity of 650,000 barrels per day…
October 11, 2017
