‘NNPC’s Refineries Cannot Deliver Clean Diesel for Now’
Nigeria’s state hydrocarbon company NNPC Ltd’s three refinery complexes, currently undergoing turn around maintenance (TAM), will not be producing diesel with sulphur content less than 1,500parts per million (1,500ppm) when they are!-->!-->!-->…
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IMF projects Nigeria’s economy to grow by 3.2% in 2025, inflation to drop to 25%
The International Monetary Fund (IMF) has projected Nigeria’s economy to expand by 3.2% in the coming year 2025 while inflation is estimated to drop to 25% in the same year.
The Fund in its recently published World Economic Outlook!-->!-->!-->!-->!-->…
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TCN Discovers Fault Area On Ugwuaji – Apir Line, Begin Repairs
By Saidu Abubakar
A team of linesmen from the Transmission Company of Nigeria, TCN, has discovered fault on the Ugwuaji – Apir 330kV Double Circuit transmission line, at about 5pm yesterday in the Igumale area of Bunue State.
The!-->!-->!-->!-->!-->!-->!-->…
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Dangote Refinery seeks Court to void import licenses of NNPC, 5 others in N100bn case
Dangote Petroleum Refinery and Petrochemicals FZE has sought the Federal High Court in Abuja to void import licenses issued to the Nigeria National Petroleum Company Limited (NNPC), Matrix Petroleum Services Limited, A. A. Rano!-->!-->!-->…
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FG Approves Exxon Mobil $1.3bn Assets Divestment To Seplat
The federal government has announced the approval of ExxonMobil’s $1.28 billion divestment of its oil and gas assets to Seplat Energy, marking a significant milestone in the transaction first announced in February 2022.
The deal is!-->!-->!-->!-->!-->…
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Crude Oil Daily Output to Increase by 17,000 Barrels
Chevron Nigeria Limited has found a new oil field in the shallow offshore area of the Western Niger Delta. The new oil field was estimated to hold 17,000 barrels of oil per day.
Chevron, one of Nigeria’s biggest oil producers, works!-->!-->!-->!-->!-->…
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Explain Petroleum Pricing To Nigerians, Faith-Based Group Counsels FG
Adegbolagun
The Centre For Righteous Living (CRIL), a faith-based non-governmental organisation (NGO) in Nigeria, has called on the Federal Government to come out clean and clearly explain the situation of the petroleum sector and its!-->!-->!-->…
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Lawyer queries N11.3tn refinery rehabilitation spending
Nigerian refinery
A Lagos-based lawyer, Abdul-Ganeey Imran, has filed a Freedom of Information request to the Nigerian National Petroleum Company Limited, demanding details about the state of the country’s four government-owned!-->!-->!-->…
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Marketers Resume Petrol Importation as Dangote Refinery Fails to Meet Target
Petroleum marketers have resumed importing petrol to supplement the country’s fuel supply, following the inability of the Dangote Refinery to meet demand.Four vessels carrying 123.4 million litres of Premium Motor Spirit (PMS) arrived!-->!-->!-->…
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World Bank’s 15-Year Death Sentence on Nigeria
In this week's Saturday Tribune column, I analyze the World Bank's callous statement on Monday that for Nigeria to achieve prosperity it must continue its ongoing economic mass murder of its weakest citizens for at least 15 years:
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