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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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Nigerians faced one of their most difficult questions of the future last week when the issue of subsidy removal dominated discussions. Minister of Finance, Mrs. Zainab Ahmed had said in Washington DC, U.S.A that the country was disposed to…
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Govt to pay 19.4% of landing cost As the Senate rejects bill to phase out petrol cars in the country, no fewer than 17 vessels are jostling to berth at four petroleum jetties in Apapa with 608,302 metric tons of premium motor spirit…
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There was a fire outbreak at the Nembe Creek Truck Line (NCTL) on Sunday, forcing the management firm, Aiteo Eastern Exploration and Production Company Limited, to halt operations. The NCTL, a major crude oil transportation channel…
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