Industry

Key stakeholders in the Nigerian economy have demanded urgent realization of the Ajaokuta-Kaduna-Kano (AKK) pipeline project as potent strategy for rapid industrial development and economic diversification agenda. Panellists drawn from…
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Africa's largest oil refinery, which is anticipated to be the biggest single-train structure, is set to be opened early next year. The Dangote Oil refinery is the brainchild of Africa’s wealthiest man, the Nigerian Aliko Dangote. It…
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The United States super Oil major, ExxonMobil, has announced the appointment of Richard Laing, as the new Chairman and Managing Director of its 3 affiliate firms in Nigeria with effect from August 1, 2020. Laing, before his new role…
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The federal government has said disclosed that the proposed construction of a shipyard in Brass Island, Bayelsa State for the maintenance and repair services of cargo vessels, oil tankers and Liquified Natural Gas (LNG) carriers, would…
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The Nigerian National Petroleum Corporation (NNPC) has said that it raked in N92.58 billion from the sale of white (refined) products in the month of May, 2020. A statement by its Group General Manager, Dr. Kennie Obateru, the…
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The United Bank for Africa Plc (UBA), the leading pan-African financial services group, has acted as Facility Agent Bank for the Nigerian Commercial Banks in a consortium with other international banks in a $1.5 Billion Pre-Export Finance…
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ExxonMobil on Saturday announced the appointment of Richard Laing as Chairman and Managing Director of its three affiliates in Nigeria. The Manager, Media and Communications, ExxonMobil, Ogechukwu Udeagha, confirmed this in a statement…
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The Nigerian National Petroleum Corporation (NNPC) has advised against a swift relocation of tank farms from their current locations along Ijegun, Kirikiri areas in Lagos and other parts of the country in order to avoid a dislocation in…
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President Muhammadu Buhari will on Thursday next week commission the newly completed 17-storey headquarters building of the Nigerian Content Development and Monitoring Board (NCDMB), located at Swali, Yenagoa, Bayelsa State. Mr.…
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Despite the challenges of unprecedented oil crash, crippled refineries, unending hostilities in the oil producing communities, as well as unending litigation/dispute, abandoned capital projects, sub-optimal and very high production cost,…
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