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The Nigeria Customs Service, Nigerian National Petroleum Corporation and Department for Petroleum Resources have resolved to set up joint committee to address smuggling of petroleum products to neighbouring countries. The chief…
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Malaysia’s FPSO provider Yinson has won another short-term FPSO contract extension in Nigeria as it discusses a longer-term deal with Addax. Yinson has said that Addax has extended the contract for the FPSO Adoon for one month. The…
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Victor Okoronkwo, First Vice President of Nigerian Gas Association, in this interview with Daily Independent reveals the prospects and challenges in the gas sector and how the resources can add more value to the country. Excerpts: Where…
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Consequent upon the deliverables from Oil and Fuel summit held in London recently, the Nigerian government has been enjoined to, as a matter of urgent importance, revisit the modular refinery policy and give it the bite that it deserves. …
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Petrocam Nigeria Limited, an arm of Petroleum International, a South African based oil trading firm, is putting its intend to build refinery in Nigeria on hold because the environment is not profitable enough to guarantee it requisite…
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The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said that Nigeria’s continuous subsidising of petrol consumption means the Nigerian National Petroleum Corporation (NNPC) will remain unprofitable in for a long time. …
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Long queues of vehicles in some petrol stations are gradually resurfacing in Damaturu, the Yobe state capital, an indication of fuel scarcity as observed on Monday. An investigation carried out showed that in most of the petrol stations…
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Emmanuel Ibe Kachikwu, the minister of state for petroleum, says he lost about six kilogrammes in weight when they tried to remove subsidy on petroleum products in 2016. Speaking on Hard Copy, a programme on Channels TV, the junior…
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President of Dangote Group, Aliko Dangote, yesterday advocated the review of federal government’s agricultural policies to pave way for economic viability in the country. The richest man in Africa, who spoke at a forum organised by…
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The Manufacturers Association of Nigeria (MAN) has called for a dialogue between the federal government and other relevant stakeholders on how to resolve the lingering problem of petroleum subsidy. MAN stressed that if no…
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