Petroleum

The Central Bank of Nigeria (CBN) said the Manufacturing Purchasing Managers’ Index (PMI) stood at 61.1 index points as at December 2018, indicating an expansion in the manufacturing sector for 21 consecutive months.

President Muhammadu Buhari vowed Friday to go tougher on corruption if he is re-elected in the February 16, 2019 election.

Emmanuel Ibe Kachikwu, the Minister of State, Petroleum Resources, has said that the Egina FPSO project, once commissioned this month, will increase Nigeria’s daily crude oil production by 200, 000 barrels.

The Minister of Finance, Mrs. Zainab Ahmed, and the Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, have been summoned to appear before a House of Representatives joint committee next Thursday to explain their roles in an alleged unbudgeted funds being paid as fuel subsidy.

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said that it would not be a party to the planned strike by other oil marketers.

The Federal High Court, Lagos, has adjourned until Feb.13, 2019, a $69 million suit filed by the Federal Government against Chevron Petroleum Nigeria, seeking to recover oil revenue.

Oil marketers under the aegis of Major Oil Marketers Association of Nigeria (MOMAN), Depot and Petroleum Products Marketers Association (DAPPMA), and the Independent Petroleum Products Importers (IPPIs) on Sunday gave the Federal Government seven days to settle the N800 billion subsidy debt owed them under the Petroleum Support Fund.

No fewer than 1,035 secondary school students and undergraduates on Tuesday received scholarships to pursue their academic dreams in Nigeria and abroad.

The Department of Petroleum Resources (DPR), Eket office says it had discovered 50 illegal filling stations in the state.

Nigeria and Senegal have agreed to strengthen their bilateral relation in the areas of economic, trade and industry tourism, security, defence, energy, agriculture and education, among others, Senegalese Foreign Minister, Sidiki Kaba said.

Oil marketers on Sunday appealed to the federal government to effect quick payment of their outstanding N800 billion subsidy debts.

Africa’s richest man, Aliko Dangote, has said he is not the one preventing the Federal Government from signing the Africa Continental Free Trade Agreement, AfCFTA.

The Nigerian National Petroleum Corporation (NNPC) has been summoned to appear before the House of Representatives’ Committee on Petroleum Resources (Downstream) to respond to an allegation that it granted unofficial approval to a Chinese firm to lift over 80 trillion metric tonnes of Low Pour Fuel Oil (LPFO).

The Senate Committee on Petroleum (Downstream) has criticised the federal government for not paying the subsidy claims by petroleum product marketers despite approval by the National Assembly since July.

Two officials of Nigeria Security and Civil Defence Corps, NSCDC, have been arrested by members of the Inspector General of Police Special Task Force on Petroleum, Illegal Bunkering and Adulteration in Sagamu, Ogun State, for breaking into Nigerian National Petroleum Corporation, NNPC, pipelines to siphon oil.

Suspected kidnappers operating in the creeks of Bayelsa State have reportedly abducted four oil workers along the waterways of Southern Ijaw Local Government Area.

Qatar Petroleum said it is boosting its natural gas production by adding a fourth liquefied natural gas (LNG) production line to raise capacity from the North Field to 110 million tonnes a year.

Chairman, Senate Committee on Petroleum, Senator Kabiru Marafa, yesterday said that the Zamfara State governor, Abdulaziz Yari was supposed to resign as a governor if he has conscience for saying that he had resigned as the Chief Security Officer of the State.