Petroleum

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.

The Independent Petroleum Marketers Association of Nigeria (IPMAN), has urged the Federal Government to improve efforts in ensuring enhanced capacity of the refineries in the country and depots to end fuel importation.

The chairman of the All Progressives Congress (APC), Adams Oshiomhole, has inaugurated a 63-member committee to handle the September 22 Osun State governorship election.

Denmark ambassador to Nigeria, Torben Gettermann, says Nigeria export to Denmark rose by 156.6 per cent within the first three months of 2018 in relation to the same period in 2017.

The National Bureau of Statistics (NBS) said 165.71 million litres of Liquefied Petroleum Gas (LPG) was imported into the country in the second quarter of 2018.

Petroleum Marketers have appealed to the Nigerian National Petroleum Corporation to make fuel available at Ejigbo Depot in Lagos to avert looming fuel scarcity during the forthcoming Eid-el-Kabir festival.

Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, has confirmed huge benefit accruing to the country following the replacement the offshore processing arrangement (OPA) and crude oil swap with the Direct Purchase of Petroleum Products (DSDP).

The National Bureau of Statistics (NBS), said that 4.79 billion litres of Premium Motor Spirits (PMS) was imported into the country in the second quarter.

The Akwa Ibom state government has accused the federal government of withholding billions of naira belonging to the state.

The US economy may be roaring ahead, but American consumers face the prospect of paying more for everyday goods, due in part to trade tariffs.

The All-Share Index of the Nigerian Stock Exchange (NSE) on Friday rebounded by 0.45 per cent, halting three days of decline.