Industry

There are demands for huge changes, including from community leaders seeking an increased share of revenues few hours to the passage of the Petroleum Industry Bill (PIB). There are increased fears that more agitations are in the waiting…
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•Dips refining capacity by 1.862m bpd Early hopes of Nigeria’s refining capacity growing by 1,862,000 million barrels per day (bpd) has further been dashed as 40 firms are currently in possession of dormant refinery license, a…
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The management of Polaris Bank Limited has blamed the previous management of defunct Skye Bank Plc for its inability to transfer the controversial $223.9m belonging to the Nigerian National Petroleum Corporation (NNPC) into the Treasury…
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The Programme Manager, National Liquified Petroleum Gas (LPG) Expansion Plan in the office of the Vice president, Mr Dayo Adeshina, has said government is targeting installation of five gas terminals to boost LPG penetration in the…
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Minister of State for Petroleum, Timipre Sylva, has said that the country accidentally discovered 206 trillion cubic feet of gas reserves while in search of crude oil. Sylva, who disclosed this in Abuja at a News Agency of Nigeria…
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The Director/CEO, DPR, Engr. Sarki Auwalu has reiterated the commitment of DPR to support investments in the oil and gas industry for all stakeholders. This was contained in a statement issued by the DPR, a copy of which was made…
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Govenor Godwin Obaseki of Edo, says the modular refinery in Ologbo, Ikpoba – Okha Local Government Area (LGA) of the state was ready for production. Obaseki stated this shortly after he was conducted round the facility by the Managing…
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...The appointment is for four years President Muhammadu Buhari has approved the appointment of a Chairman, and an Executive Secretary for the Petroleum Product Pricing Regulatory Agency (PPPRA). The Chairman is Atuonwo A. Obinna,…
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A ray of hope is coming for Kano’s dying industries with the initiation and implementation of various policies and programmes that aimed at rebounding manufacturing entities in Kano and Northern Nigeria. When Governor Abdullahi Umar…
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The Managing Director of Polaris Bank, Mr Innocent Ike, has said that the bank has refunded the $300 million lodged with the bank by the Nigerian National Petroleum Corporation (NNPC) in 2012. Ike said this while appearing before the…
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