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Port Harcourt Refinery
More than 15 months after President Muhammadu Buhari withheld assent to the harmonised Petroleum Industry Governance Bill (PIGB), Minister of State for Petroleum Resources, Timipreye Sylva, has given a glimmer of hope that the revised law may be passed by June 2020.
The Federal Government has achieved 50 percent budget performance in 2019 with the release of N1.2 trillion capital expenditure.
The Nigerian National Petroleum Corporation (NNPC) says it will begin full rehabilitation of the nations three refineries by January 2020.
The Nigerian National Petroleum Corporation (NNPC) has said that the rehabilitation of the two Port Harcourt Refineries were still ongoing.
The Nigerian National Petroleum Corporation (NNPC) has again announced plans to revamp the nation’s four refineries to help the country save billions of dollars it expends annually on fuel imports.
Nigeria’s refineries posted a cumulative loss of N114.3bn in the first 11 months of 2018, latest industry data have revealed.
Federal Government’s oil revenues slashed by N11.52 billion used for the protection and repairs of 87-kilometre Trans Forcados crude oil pipeline in the Niger Delta in 60 days, document shows
Federal government says oil marketers would be paid N236 billion out of N348 billion approved by the National Assembly as outstanding subsidy claims on December 14
Efforts to end massive fuel importation were unveiled, on Tuesday, as the Federal Government said it plans to establish a 100,000-barrels-per-day brownfield refinery in Port-Harcourt and Warri, as part of its refinery collocation initiative designed to boost local refining capacity.
The Nigerian National Petroleum Corporation (NNPC) says it has plans to establish 100,000-barrels-per-day brownfield refineries in Port-Harcourt and Warri to boost local refining of crude oil in the country.
Elated over Nigeria’s exit from crippling recession, President Muhammadu Buhari has said that foreign private companies were coming back to Nigeria.
President Muhammadu Buhari on Thursday reiterated that Nigeria remained the best and most attractive investment destination in Africa.
President Muhammadu Buhari has welcomed the rise in foreign private investments in the country owing to the success of his administration’s economic agenda.
The House of Representatives Ad-hoc Committee investigating the Turn Around Maintenance of the nation’s four refineries on Thursday urged the Federal Government to withhold 1.8 billion dollars earmarked for the exercise.
I first met Mr. Akinwunmi Ambode early May 2014 somewhere in Victoria Island, Lagos. We had just launched TheCable online newspaper. We ran a story — “The man who would be next Lagos governor” — which surprised him, for it was not yet public knowledge that he was going to throw his hat in the ring.
President Muhammadu Buhari says it is disgraceful that no Nigerian refinery currently performs up to 50 percent capacity.
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