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Forte Oil Plc plans to enter into talks to sell its power unit to its major investor, Mr. Femi Otedola, after it failed to secure a deal via a public tender. Forte Oil Depot Forte Oil said in a statement yesterday that it was seeking…
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The $1.46 billion Abuja-Kaduna train service, which was inaugurated on July 26, 2016 by President Muhammadu Buhari, was kicked off by President Goodluck Jonathan’s regime and has worked for over two years without interruption. The…
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OPEC on Friday published a list of oil production cuts by its members and other major producers for the six months to June, an effort to boost confidence in the move designed to avoid a supply glut in 2019. In a statement, an OPEC and…
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Nigeria’s state oil firm NNPC said on Friday it had paid $993.7 million up to September in arrears owed to its joint ventures with multinational oil companies by September, and still had to make up payments of $3.95 billion. The…
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Nigerian crude oil has been offered at its highest levels in almost a year this week, traders said, citing cheaper freight rates and shorter supply of competing grades such as Libyan crude. * Major grades such as Bonny Light and Qua…
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Following the positive steps taken by the federal government to ensure that the use of Liquefied Petroleum Gas (LPG) or Cooking Gas becomes the norm, investigation by LEADERSHIP has shown that at least N50billion would be required to start…
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By Danlami Nasir Isah PAN Nigeria Limited has launched the much awaited Peugeot Pickup in Abuja, the Federal Capital Territory on Thursday. The commercial launch, which was conducted by the Director-General of the Nigerian Automotive…
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The Major Oil Marketers Association of Nigeria has said most oil marketing companies in the country are running at a loss, while many have closed shop as a result of the “tough operating environment.” The new Chairman, MOMAN, Mr…
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The last time Pan Nigeria produced its last edition of a Peugeot pickup vehicle was 14 years ago. However, the Nigeria-affiliate of the French auto brand just launched a pickup model into its Nigerian market The vehicle is…
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Four international anti-graft groups have protested against plans for an out-of-court settlement with Royal Dutch Shell (RDS) Plc and Shell Nigeria Exploration and Production Company (“SNEPCO”) over Oil Prospecting Licence (OPL) 245, which…
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