News

Delta State Government is planning an industrial gas park in Kwale and a modular refinery in Sapele, as part of efforts to harness its huge oil and gas potentials. The Commissioner, Ministry of Oil and Gas, Mr. Freeman Fregene, who…
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With the Nigeria Sovereign Investment Authority (NSIA) posting six consistent yields of profits in four of its five years of existence, the Supervising Minister of Finance, Zainab Ahmed, said the government needs to be more aggressive in…
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The real state of the health of Nigeria’s former military ruler, Ibrahim Babangida has been revealed, following widespread rumour about his death yesterday. Contrary to the rumour that former Military President is dead, it has been…
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...The Corporation clarifies The Nigerian National Petroleum Corporation (NNPC) has clarified that none of its staff was involved or arrested in the suspected fraudulent ATM transaction involving some alleged swindlers and workers…
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Offshore drilling contractor Shelf Drilling has secured a contract extension for its Adriatic I jack-up unit in Nigeria. In its fleet status report released on Wednesday, Shelf said that the Adriatic I would keep working for Sirius…
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The Group General Manager of Greenfield Refineries, a division of the Nigerian National Petroleum Corporation (NNPC), Mohammed Usman, has said it is difficult to set up new refineries in Nigeria because many companies do not have the…
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The board and management of Seplat Petroleum Development Company Plc have assured shareholders that the growth in the operations of the leading indigenous oil and gas company will lead to increased dividend payouts and share price…
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The Programme Manager for the Nigeria Gas Flare Commercialisation Programme (NGFCP), Mr. Justice Derefaka, has disclosed that a market analysis carried on the NGFCP by the International Finance Corporation (IFC) of the World Bank showed…
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*As external reserves hit $44.69bn*Says capital release for 2018 now N2.079trn*Records N3.96trn revenue for 2018*Customs moves against rice importers The Federal Government is set to disburse N649.434 billion to states of the…
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The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) Thursday commended the federal government for the removal of Value Added Tax (VAT) on Liquefied Petroleum Gas (LPG). The group President, Mr. Nosa Ogieva-Okunbor,…
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