Kano-Kaduna rail line project to commence July -Amaechi
The Minister of Transportation, Rotimi Amaechi, said that as the ministry was rounding up the Lagos-Ibadan rail project billed to be inaugurated in June, the ministry was set to commence work to link Kano-Kaduna with rail.In a!-->!-->!-->…
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We’re Preparing for Post-crude Oil Era – FG
By Teddy Nwanunobi
The Federal Government disclosed that it is making serious efforts to ensure Nigeria is prepared for a post-crude oil era.Minister of Science and Technology, Ogbonnaya Onu, said this in Abuja on Thursday at the!-->!-->!-->!-->!-->…
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NDPHC, EKEDC Seal Power Supply Pact for Ibeju-Lekki, Others
By Teddy NwanunobiThe duo of the Niger Delta Power Holding Company (NDPHC) Ltd. and Eko Electricity Distribution Company Plc (EKEDC) have sealed an agreement to deliver 300 megawatts of power to Ibeju-Lekki and other franchise areas in!-->!-->!-->…
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Total transforms into TotalEnergies
The Shareholders of Total, Friday, unanimously agreed to change the name of the company to TotalEnergies in line with its plans to become a broad energy company.In a statement obtained by Vanguard, the company, stated: “At the Ordinary!-->!-->!-->…
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Shell, Rivers inaugurate multi-billion cassava company
A leading energy company, Shell, Thursday, inaugurated a multi-billion-naira Rivers Cassava Processing Company Limited built in partnership with the Rivers State Government, Vieux Manioc BV of the Netherlands, and the Embassy of The!-->…
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Tanker laden with petroleum product bursts into flames at Otedola Bridge
A tanker conveying petroleum product on Friday caught fire at the Michael Otedola Bridge along the Lagos –Ibadan Expressway.Mr Ibrahim Farinloye, the Acting Zonal Coordinator, southwest Zonal Office of NEMA, and Dr Olufemi!-->!-->!-->…
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Buhari to Speak at NIPS’ Gala Dinner/Award Night
By Teddy Nwanunobi
President Muhammadu Buhari will deliver the opening speech at this year’s Nigeria International Petroleum Summit (NIPS).The Opening Ceremony and the Gala Dinner/Award Night will be held on Monday, June 7, 2021 at!-->!-->!-->!-->!-->…
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Fresh fuel hike: We’ll shut Nigeria without notice — NLC
Nigeria Labour Congress, NLC, has vowed to shut the nation’s socio-economic activities without notice should the government increase the pump price of petrol with a cent of naira as clamoured by governors..NLC in a communique!-->!-->!-->…
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NIGERIA NEEDS $2B MONTHLY FOR FISCAL SUSTAINABILITY AS FG BUILDS OIL RESERVES
The Department of Petroleum Resources (DPR) has stated that the country needs over $2 billion monthly revenue to remain sustainable as a nation.The Director, DPR, Sarki Auwalu, warned that without this monthly income, the economy would!-->!-->!-->…
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NNPC Records N40bn Trading Surplus in February
By Teddy Nwanunobi
The Nigerian National Petroleum Corporation (NNPC) has revealed that it made the sum of ₦39.85 billion trading surplus for the month of February 2021.This is contained in the February 2021 edition of the NNPC!-->!-->!-->!-->!-->…
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