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Nigeria’s state-oil firm NNPC said it plans to revamp its refineries to help Africa’s biggest crude oil producer to save billions of dollars on fuel imports and has hired Italy’s Maire Tecnimont to tackle the Port Harcourt plant.
Nigeria’s refineries posted a cumulative loss of N114.3bn in the first 11 months of 2018, latest industry data have revealed.
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.
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.
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.
A rights group in Delta State, Ijaw People’s Development Initiative, IPDI, has called on President Muhammadu Buhari to invalidate the recent lopsided appointments at the Nigerian National Petroleum Corporation, NNPC, and the rail line project to his home town, Daura, in Katsina state.
The National Bureau of Statistics (NBS) on Tuesday released the Consumer Price Index (CPI) which measures inflation with the index rising to 11.24 per cent in September.
Maverick entertainer and activist, Charles Oputa, popularly known as ‘Charly Boy’, is set to perform at the 2019 annual Felabration fiesta, a week-long celebration of the life and times Fela Anikulapo-Kuti.
A joint border patrol team of Customs and Military officers gunned down a suspected rice smuggler yesterday in the Babura Local Government Area of Jigawa State.
The absence on Tuesday of three of the five students of the University of Lagos (UNILAG), facing trial for allegedly gang-raping a student of the institution has stalled their criminal trial.
Speaker, House of Representatives, Femi Gbajabiamila, has attributed the poor socio-economic and political situation in Nigeria to the inadequate participation of women in active politics.
United States President Donald Trump tried to justify the de facto green light he gifted his Turkish counterpart Recep Tayyip Erdogan for an assault seen as a blatant betrayal of Washington’s erstwhile Kurdish allies.
Troops of the Operation Thunder Strike have rescued six students of the Government Day Secondary School, Gwagwada in Chikun Local Government Area of Kaduna State abducted on their way to school on Thursday morning.g
Lionel Messi feared Paris Saint-Germain forward Neymar would join Real Madrid in the summer if Barcelona failed to land his signature.
Mr Lekwa Ezutah, National President of Nigerian Institute of Town Planners (NITP), has urged government at all levels to create environment conducive to attract investors and improve the economy.
Families of Islamic State (IS) group members escaped a displacement camp in northern Syria where a Turkish offensive against Kurdish forces has sparked fierce fighting, Kurdish authorities said Sunday.