Reps C’ttee summons CBN, NNPC, Customs
An ad hoc committee of the House of Representatives has summoned heads of four government agencies to appear before in on Monday, Aug. 19.
This followed the ruling of the Chairman of the Committee, Rep. Yusuf Buba (APC-Adamawa) at a!-->!-->!-->…
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NNPC Targets China To Boost Crude Reserves
….Tasks PLAN on pipeline safety
The Nigerian National Petroleum Corporation (NNPC) is banking on its blooming strategic partnership with China and new investments in the upstream petroleum sector to actualize the nation’s crude Oil!-->!-->!-->…
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Nigeria spends $54.6bn on importation of PMS, others
…Earns $54.5bn from export of crude oil
Nigeria’s value of petroleum products imported in 2018 was more than its exports of the same year, according to data released by the Organisation of Petroleum Exporting Countries (OPEC).
The!-->!-->!-->!-->!-->…
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Why Dangote Refinery isn’t threat to smaller Refineries
Stakeholders in Nigeria’s oil and gas sector have said the much-awaited Dangote Refinery will not be a challenge to other smaller modular refineries coming on board this year.
The $12 billion Dangote Refinery, an hour east of Lagos,!-->!-->!-->…
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Buhari issues stern warning to incoming ministers
President Muhammadu Buhari has issued warning to his new ministers, as contained in a tweet posted on his Twitter handle, @MBuhari Wednesday night.
It read: “The incoming Ministers, who will be sworn in next week, will receive clear!-->!-->!-->!-->!-->…
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FG will pay ‘failed investors’ N736bn to repossess DisCos
The Federal Government is considering repossession of 10 electricity distribution firms as one of the options to rescue the nation’s beleaguered electricity industry.
This is coming ahead of the scheduled final performance review of the!-->!-->!-->…
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US govt shows appetite to develop industrial dialogue with Africa on LNG
With record-breaking US gas production this year, and the promotion of gas as a “cleaner, cheaper” energy source a continued priority for the current White House, the US Department of Energy is now looking towards Africa to develop!-->…
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Lagos-Ibadan Rail Project: Communities’ Concerns To Be Addressed Before Handover
The contractor handling the 156 kilometre standard gauge rail line from Lagos to Ibadan has assured communities along the corridor that it will address all their concerns before completion and handover of the project.
China Civil!-->!-->!-->…
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We Haven’t Spent World Bank’s $1.66bn – TCN
The Transmission Company of Nigeria says the $1.66bn it secured from the World Bank and other multilateral financing agencies has not been invested contrary to claims being made in some quarters.
The government-owned transmission!-->!-->!-->…
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Nigeria Will Comply With OPEC, Non-OPEC Output Cut Deal, Says NNPC Boss
*The Nigerian government says it is committed to the production adjustments agreed on under the Declaration of Cooperation (DoC) between member countries of the Organisation of the Petroleum Exporting Countries (OPEC) and Non-OPEC!-->…
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