Dangote refinery: Nigeria to boost economy, conserve close to $1bn yearly
The Dangote Refinery has concluded plans to inaugurate its $2.5 billion fertiliser plant, targeted at boosting agriculture and conserving scarce foreign exchange, amounting to almost $1.0 billion yearly, through import substitution and!-->…
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Modular Refinery: FG, Firm Eye May 2020 Delivery Timeline
All things being equal, Nigeria may have its first standard modular refinery up and running within the next five months.
Industry-based reports have shown that the world would continue to use fossil fuels for a while to meet its energy!-->!-->!-->…
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‘Why NNPC will not go public despite losses’
At a time when national oil companies across the world are launching Initial Public Offerings (IPOs) and raising capital from public investors to outsmart the volatility in the oil and gas industry, the Nigerian National Petroleum!-->…
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Maiduguri agog as NNPC GMD’s son, daughter wed
Numerous aircraft have landed at the Maiduguri International Airport as the son and daughter of the Group Managing Director (GMD) of Nigeria National Petroleum Corporation, (NNPC), Kyari Mele, wed today.
The aircraft, according to!-->!-->!-->…
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Nigeria’s Accountant-Gen In Trouble Over Missing N400bln?
This may not be the best of times for Nigeria's accountant general, Ahmed Idris, as he has been queried over under-reporting of N400 billion overdrafts by the Federal Government.
This was disclosed when the Auditor General of the!-->!-->!-->…
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Petrol subsidy now N47.5/litre as oil price hits $67.86
The subsidy on Premium Motor Spirit , popularly known as petrol, has risen to N47.5 per litre as the expected open market price of the commodity hit N180.78 on Monday, latest data from the Petroleum Products Pricing Regulatory Agency!-->…
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NRC bows to pressure, introduces e-ticketting
Against the backdrop of intense complaints by passengers, the Nigerian Railway Corporation, NRC, Thursday, said it has put modalities in place for the takeoff of e-ticketing for train services across the country.
Fidet Okhiria, the NRC!-->!-->!-->…
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Top 5 oil producing countries in the world
1. United States
Production: 17,886,000 bpd
Number one on this list of the top 10 oil-producing countries is the US. It produced the most oil in 2018, with output increasing from 15,647,000 bpd in 2017 to 17,886,000 bpd in 2018.
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DPR shut down sales of fuel at Katsina borders
The Katsina State branch of the Department of Petroleum Resources (DPR), has shut down sell of fuel at fifty fuel stations in the Jibiya border community of Katsina state following federal government ban on the sale of the product within!-->…
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NNRC laments Nigeria’s inability to manage oil wealth
The Nigeria Natural Resource Charter, NNRC, has blamed Nigeria’s over reliance on the oil sector, failure to diversify its revenue base for the inability of the country to effectively manage the wealth from its oil and gas resources.
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