Dangote Refinery Pledges Uninterrupted Fuel Supply, Cites Tariff Policy as Boost to Local Industry
The Refinery currently produces over 45 million liters of PMS and 25 million liters of diesel daily.
Suggestions
Petrol Scarcity Looms In Rivers As Tanker Drivers Continue Strike
The ongoing Petroleum Tanker Drivers Union (PTD) strike can lead to fuel scarcity, Independent Petroleum Marketers Association of Nigeria (IPMAN), Rivers chapter has warned. Expressing the worry in a statement on Thursday in Port Harcourt, the IPMAN Rivers Chairman, Mr Joseph Ebele,
NETCO Posts N3.37bn Profit, Declares N400m Dividend
The National Engineering and Technical Company (NETCO), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), has reported a profit before tax of N3.37 billion for the year ended Dec. 31, 2020. Mr Adeyemi Adetunji, Chairman, Board of Directors, NETCO, made the
How Nigeria Lost N53.26bn To Gas Flaring In Two Months – NNPC
As early as the first two months of this year, Nigeria had lost an estimated N53.26bn as international oil and local companies flared a total of 33.04 billion standard cubic feet of natural gas. A total of 17.53 billion scf of gas
Nigeria’s 200 Trillion Cubic Feet Gas Deposits Dwarf Oil Potentials
Industry Experts Call For Investment In Value Chain Top energy industry experts have said Nigeria currently has a huge deposit of gas worth over 200 Trillion Cubic Feet (TCF) unutilized and therefore raised concern on the need to invest in development
NSCDC Arrests Two Suspects For Allegedly Diverting 33,000 Litres Of Petrol
Two suspects have been arrested by men of the Nigeria Security and Civil Defence Corps (NSCDC), Oyo State Command, for alleged diversion of 33,000 litres of Premium Motor Spirit (PMS) also known as petrol. This was recently made known by the Public
Oil Price Falls To $72.39 As OPEC Expands Production
Oil prices witnessed a sharp fall on Monday after members and allies of the Organisation of Petroleum Exporting Countries agreed to boost output. Brent, the crude against which Nigeria’s oil is priced, fell by $1.2 per barrel to $72.39 per barrel as
Nigeria’s External Reserves Decline By $180m In Two Weeks
Nigeria’s external reserves lost $180m in two weeks, the latest figures from the Central Bank of Nigeria indicates. The figure which stood at $33.28bn on July 1, has dropped to $33.09bn as at July 12 before a slight rise to $33.1 bn
AUSTIN AVURU: No Panic Button, Oil Will Still Be Relevant In 30 Years
In the most aggressive transition to sustainable energy away from fossil fuels by 2050, oil and gas will (still) be contributing 35% to the energy mix PRIME Business Africa’s correspondents VICTOR EZEJA and DONATUS ACHIKWUBE capture Austin Avuru, former CEO of
Supreme Court Orders FG Not To Cede 17 Oil Wells To Imo
The Federal Government of Nigeria has been restrained by an order from the Supreme Court not to cede the 17 disputed oil wells to Imo state. The Supreme Court, on Wednesday, issued an injunction to halt the Federal Government plan to cede
Energy Transition: Industry players say no cause for alarm
Top professionals in the oil and gas industry have allayed fears that the much-talked-about energy transition might result in the collapse of Nigeria’s oil-dependent economy. This formed part of the discussions in the 24th episode of the Nigeria History Series (NHS) hosted
Featured Stories
Whatsapp Channel
Latest News
Investors Reposition As US-China Trade Deal Nears Completion
Japan's Nikkei 225 has surged beyond 50,000 for the first
‘With No More Fed Cuts This Year, US Risks Stagflation’
The decision came amid a sharp split inside the Fed:
INNOVATION SERIES: How Optiva Capital Partners Unlocks Global Opportunities in Africa’s Investment Immigration Revolution – Franklin Nechi
Leadership in investment immigration goes beyond market share or brand
Silver Slides as Investors Lock in Profits Amid Receding Fears
The pullback comes as broader risk appetite improved, fueled by
Follow Us