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Nigeria’s effort at ensuring local sufficiency in refined petroleum products was bolstered Thursday with the formal commencement of the first phase of the rehabilitation of the 210,000 barrels per day capacity Port Harcourt Refinery complex that comprises the 60,000 barrels per day old Refinery built in 1965 and the 150,000 barrels per day, new Refinery, commissioned in 1989.
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.
Oil prices fell by around 1 per cent on Monday as drilling activity in the United States, the world’s largest oil producer, picked up and financial markets were pulled down by trade concerns.
Nigeria and other African countries would soon heave a sigh of relief from the sloppy economic situation occasioned by price instability with the imminent completion of the Dangote Refinery and other modular refineries in Nigeria.
The Federal Government will soon start sourcing foreign exchange (forex) from Dangote Group, as soon as the latter’s refinery, petrochemicals and fertilizer projects come on stream.
Aliko Dangote, the President of Dangote Group, who was ranked Africa’s richest man in the 2019 Forbes Africa’s billionaires list, has remained consistently ahead of the pack for the eighth consecutive year, with a current net worth of $10.3 billion.
The Vice-Chancellor of the University of Ilorin, Prof. Sulyman Abdulkareem, says the university will soon install a mini-refinery equipment for processing of Jatropha a flowering plant.
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
The Minister of Transportation, Rotimi Amaechi, on Sunday said that in the course of executing the Warri-Itakpe Rail line, stations were built in the villages of Peoples Democratic Party (PDP) chieftains.
The lines of aging blue, red and yellow trucks begin almost 6 miles (10 kilometers) from the gates of Nigeria’s main port of Apapa.
Dangote Oil Refinery Company (DORC) says the 650,000 barrels per day refinery has been designed to process a variety of light and medium grades of crude and produce extremely clean fuels that meet Euro V specification.
The Nigerian Security and Civil Defence Corps (NSCDC), Edo Command, has intercepted a truck laden with 45,000 litres of suspected illegally-refined petroleum product.
Nigeria's state oil firm NNPC has extended its crude-for-product swap contracts, the country's main avenue to meet the bulk of its fuel needs, until June 2019, sources familiar with the matter said.
A group under the aegis of the Renaissance Coalition in collaboration with Civil society organisations (CSOs), and other stakeholders in Kano have called for the scrapping of the newly created emirates in the state.
The rain storm in Lagos on Monday resulted in many residents and motorists counting their losses as it caused traffic gridlock and wreaked havoc in many areas, damaging communication masts, electric poles and other infrastructure.
The Federal Government has declared May 29 and June 12 as public holidays to mark the transition to a new government and Democracy Day respectively.
Gov. Darius Ishaku of Taraba on Monday banned the use of polythene and plastic bags in the state to boost clean environment.
Edo State Governor, Mr Godwin Obaseki, has said that the state will ensure its forest belt is preserved as more investors in oil palm, cocoa, rubber plantations set up shop in the state, noting that state will collaborate with relevant stakeholders in the sector on a reforestation programme.
The All Progressives Congress (APC), Oyo State Chapter, has lauded Gov. Abiola Ajimobi for naming some roads and institutions after late former governor, Lam Adesina, and other prominent indigenes..
The Delta State University, Abraka will on Saturday hold its 13th convocation for 4,252 graduating students with 68 of them bagging first class in various academic disciplines.
National secondary exams in Somalia have been cancelled by authorities after papers were leaked on social media platforms, the Minister of Education confirmed late Monday.
Former Arsenal goalkeeper Wojciech Szczesny has paid a glowing tribute to departing Juventus boss Massimiliano Allegri ahead of his final game in charge.
A student of Akwa Ibom State University (AKSU), Ikot Akpaden, has been suspended “indefinitely” from the school for allegedly calling the university vice chancellor ‘foolish’ on Facebook.