A new refinery currently under construction in Nigeria could greatly reduce the export of domestic crude oil, a mainly Suezmax trade, but start new trade routes for product tankers. In what appears to be a unique piece of research, Poten…
By Uthman Salami Chevron Nigeria Limited (CNL), one of the largest oil and natural gas producers in Nigeria has revealed that the company has invested over $908 Million in Nigerian local content only in 2020. This revelation was contained in…
Nigerian National Petroleum Corporation (NNPC) has said that petrol smuggling to neighbouring nations is being aided by differential prices in Nigeria and other countries. This was disclosed by the Group Managing Director, Nigerian National Petroleum Corporation, Mele Kyari in a…
Total Nigeria plc, has officially changed its logo and name to TotalEnergies Marketing Nig. Plc. These were recently officially launched at Total service Station, Abule Onigbagbo, Ikeja,Lagos. This giant step would deepen the company’s footprint in the Nigeria’s downstream oil…
The President/Chief Executive, Dangote Industries Limited, Aliko Dangote has disclosed plans to increase the human capacity at the Dangote Refinery Project site from 40,000 to 57,000 personnel in the coming months. According to him, the project currently employs 29,000 Nigerians…
The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has challenged young Nigerians to create business opportunities around uncomfortable situations rather than just complainingabout them. He gave the charge while delivering the keynote address at…
The Nigerian National Petroleum Corporation (NNPC) has explained that concerted efforts by the Corporation and some Federal agencies to combat the menace of smuggling of petroleum products have been largely hampered by existing arbitrage fueled by the prevailing huge price…
Leaders of Ogoniland, Rivers State, southern Nigeria, under the auspices of the Ogoni Liberation Initiative (OLI), have pledged to cooperate with the Nigerian Petroleum Development Company (NPDC) in the exploration and production of oil and gas resources in its territory.…
By Uthman Salami ActionAid Nigeria, a Non-Governmental Organisation (NGO), has joined several others in the country to protest against the reported directive of NERC, to the 11 Electricity Distribution Companies (DisCos) to increase their tariffs from September 1, 2021. ActionAid…
The Nigeria National Petroleum Corporation (NNPC), which is looking to pay for a 20% stake in the refinery representing $2.7 billion, will be paying one-third of the money in cash, one-third in the supply of crude and one-third from the profit the…
