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Saudi Arabia to build refinery in Nigeria

Minister of Energy Industry and Mineral Resources of the Kingdom of Saudi Arabia, Khalid Al Falih, dropped the hint during a meeting with Nigeria’s Minister of State for Petroleum Resources, Ibe Kachikwu in Riyadh.

Oil prices slip to $71.43 per barrel

Oil markets fell on Thursday despite a surprise decline in U.S. inventories, but the price drops were tempered by a smaller-than-expected reduction in gasoline stocks and ongoing Organisation of Petroleum Exporting Countries (OPEC)-led supply cuts.
From Left; Antonio Vella, Chief Officer Upstream, Eni and Group Managing Director, NNPC, Dr. MaikantiBaru, Engr. AniborKragha, Chief Operating Officer, Refineries & Petrochemicals, NNPC and Engr. Abba Bukar, Managing Director, Port Harcourt Refining Company Limited, at the official flag-off First Phase of Rehabilitation of Port Harcourt Refinery …Thursday, in Port Harcourt.

NNPC commences first phase of rehabilitation of Port Harcourt refinery

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.
Nigerian National Petroleum Corporation (NNPC)

NNPC signs $50 million refinery overhaul contract with Italian firm

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 post N114.3 billion loss in 11 months

Nigeria’s refineries posted a cumulative loss of N114.3bn in the first 11 months of 2018, latest industry data have revealed.

Oil prices fall as US rig count rise, trade concerns

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.
File photo- Construction work at the Dangote refinery and fertiliser site in Lekki Lagos. Company complying with Local Content Act

Official: Completion of Dangote refinery will help Africa’s sloppy economy

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.

NNPC: Nigeria’s refineries not too old

The Nigerian National Petroleum Corporation (NNPC) says the country’s refineries are not too old for effective refining operations.

Refinery: Federal government will source forex from Dangote – CBN chief

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, president of Dangote Group, says the conglomerate’s revenue base will hit $30 billion by 2020 — a feat he would have considered impossible 10 years ago.

Aliko Dangote maintains position as Africa’s richest man

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.

UNILORIN to begin installation of mini-refinery for biodiesel

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.
Henry Ikem-Obih

Oil marketers to get N236 billion subsidy claims by Friday

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

Rotimi Amaechi: How Muhammadu Buhari stopped unnecessary borrowings for Nigeria’s rail projects

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.
People ride on a boat past A.P. Moeller-Maersk A/S branded shipping containers stacked at the Ladol free trade zone port in Lagos, Nigeria, on Tuesday, May 22, 2018. Ladol, a logistics hub for the offshore oil industry in Lagos, Nigeria, is mulling a stock-market listing and corporate bonds to expand its facilities and get more business from major production companies. Photographer: George Osodi/Bloomberg

Bribes, beatings and gridlock at ports choke Nigeria economy

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.
File photo- Construction work at the Dangote refinery and fertiliser site in Lekki Lagos. Company complying with Local Content Act

Dangote Refinery to save Nigeria from dirty fuels with Euro V specification

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.
Nigerian National Petroleum Corporation (NNPC)

NNPC: Port Harcourt refinery gets financiers

The Nigerian National petroleum Corporation (NNPC) says that some of the financing companies it approached to revamp the country’s refineries have shown interest in Port Harcourt refinery.
NSCDC

NSCDC intercepts illegally-refined petroleum product

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.
Nigerian National Petroleum Corporation (NNPC)

NNPC extends crude-for-product swaps until June 2019

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.

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A group photograph with Kano State governor Abdullahi Umar Ganduje, his deputy Nasiru Yusuf Gawuna, Speaker state assembly Rurum and the newly appointed emirs from left Sarkin Rano, Alhaji Tafida Abubakar Ila; Sarkin Bichi, Alhaji Aminu Ado Bayero; from right Sarkin Gaya – Alhaji Ibrahim Abdulkadir Gaya and Sarkin Karaye, Dr. Alhaji Ibrahim ll. After the official installation of four new emirs by Kano State governor on Saturday at indoor stadium at Sani Abacha. Photo Sani Maikatanga

Group calls for scrapping of new emirates in Kano

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.

Downpour causes traffic gridlock in Lagos

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.
President Buhari receiving Report of the Technical Advisory Committee on the Implementation of the National Minimum Wage in State House on 25th Mar 2019 2

Federal government declares May 29, June 12 public holidays

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.

Sanitation: Taraba government bans use of polythene bags

Gov. Darius Ishaku of Taraba on Monday banned the use of polythene and plastic bags in the state to boost clean environment.
Governor of Edo State, Mr. Godwin Obaseki

Governor Obaseki: We’ll ensure investors in plantations in Edo preserve forest belt

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.