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Port Harcourt Refinery

Expert wants more investment on refineries

An oil and gas expert, Alhaji Tokunbo Korodo, on Monday urged the Federal Government to create an enabling environment for investors to build more refineries instead of depots.

President Buhari: Private companies coming back to Nigeria

Elated over Nigeria’s exit from crippling recession, President Muhammadu Buhari has said that foreign private companies were coming back to Nigeria.

Nigeria remains best investment destination – President Buhari

President Muhammadu Buhari on Thursday reiterated that Nigeria remained the best and most attractive investment destination in Africa.

President Buhari: Our economic agenda has turned Nigeria into an attractive investment destination

President Muhammadu Buhari has welcomed the rise in foreign private investments in the country owing to the success of his administration’s economic agenda.

House of Reps urges federal govt to withhold $1.8 billion ear-marked for turn around...

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.

Governance as a relay race

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.

It’s disgraceful no Nigerian refinery currently performs up to 50% capacity –

President Muhammadu Buhari says it is disgraceful that no Nigerian refinery currently performs up to 50 percent capacity.

NNPC deploys additional 50-fuel-laden trucks in Lagos to end queues at filling stations

He said that the members of the public should not indulge in storing petrol in their homes because additional 50 trucks of petrol had been released to Lagos.

Fuel queues return to Lagos

The Nigerian National Petroleum Corporation (NNPC) said it had released 250 trucks of petrol to Lagos metropolis for effective dispensing at filling stations to forestall any scarcity.

Fuel diversion: President Buhari orders security agencies to beef up surveillance

President Muhammadu Buhari has ordered security agencies to beef up surveillance and enforce distribution of petroleum products to intended destinations.

Fuel scarcity: NNPC urges Nigerians to stop panic buying

The Nigerian National Petroleum Corporation (NNPC) has urged Nigerians to stop panic buying of Petroleum products as it had 21 days sufficiency of Premium Motor Spirit (PMS) otherwise called petrol.

Oil access is “not limitless” for fuel swaps – NNPC

Nigerian energy company NNPC is relying heavily on swapping its crude for products such as gasoline as its refineries struggle to run, but an official at the state firm said its access to oil is limited.

East-West Road, national embarrassment – Rivers govt

The Rivers State Government has called on the Federal Government to declare a state of emergency in the failed portion of the East-West Road, especially the Akpajo-Eleme axis, saying it had become a death trap and huge embarrassment to Nigeria.

NNPC stockpiles petrol to sustain price crash

A daily record of operations of the Nigerian National Petroleum Corporation (NNPC) has disclosed the corporation’s plans to sustain the petrol pump price crash it started last week with a healthy build-up of stocks.

NNPC boosts gas supply to GENCOs

The Nigerian National Petroleum Corporation (NNPC) increased daily average natural gas supply to the nation’s gas power plants by 123 per cent to 730 million standard cubic feet per day (mmscf/d) in June.

Tankers drivers vow to sustain indefinite strike over collapsed East-West road

Tanker drivers said the eventual collapse of the road will not only affect the economy of the nation, it will also cut off the inhabitants of the area to the rest of the state and country.

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Dakuku Peterside: Maritime security critical to Nigerian economy

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APC: Timi Frank spoke in personal capacity

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Governor Wike: Federal Government plotting to kill me

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