Online News Magazine
Online News Magazine
President Bola Tinubu has extended his congratulations to the Nigeria National Petroleum Company Limited (NNPCL) on the successful revitalization of the Port Harcourt refinery, marked by the official commencement of petroleum product loading on Tuesday, 26 November, 2024. The President acknowledged the pivotal role of former President Muhammadu Buhari in initiating the comprehensive rehabilitation of […]
Ardova Plc, a leading indigenous integrated energy company in Nigeria, has set a new benchmark in the lubricants market with the unveiling of its state-of-the-art lubricant oil blending plant (LOBP). With a production capacity of 150 million litres per annum and a storage capacity of 14 million litres, the new facility is designed to meet […]
Dangote Refinery and Petrochemical Limited has publicized the price of its petrol, saying that it sells at N990 per litre in trucks and N960 per litre into ships. This follows the claim of Independent Petroleum Marketers Association of Nigeria (IPMAN) and Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) that they import the products […]
The Minister of State for Petroleum Resources, Mr. Heineken Lokpobiri, has said that Nigeria will meet up with the production quota set by the Organisation of Petroleum Exporting Countries (OPEC). It would be recalled that on June 2, 2023 during the ministerial meeting with the federal government, OPEC increased Nigeria’s production level to 1.5 million […]
By John Obot The Executive Director, Technical of the TANTITA Security Service Limited, Ambassador and Captain Warredi Enisuoh has commended the federal government for having approved the establishment of the security outfit which today has achieved a giant stride in securing key Petroleum Products pipelines against vandalism and theft of the products in the Niger […]
Dipo Oladehinde …NNPC deploys 300 trucks, vessels …We await clarity on pricing mode – Depots’ owners A historic moment in Nigeria’s energy sector unfolded today as petrol refined at the Dangote Refinery began to hit filling stations across the country. This marks the first time in nearly three decades that a significant portion of Nigeria’s […]
Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to direct the Nigerian National Petroleum Company Limited (NNPCL) to quickly reverse what it described as the illegal and unconstitutional increase in the pump price of Premium Motor Spirit (PMS) across its retail outlets. SERAP, in a statement by its Deputy Director, Kolawole Oluwadare, […]
The Manufacturers Association of Nigeria (MAN) has lamented that the recent petrol price hike may result in an increase in the prices of goods and transport fares. Segun Ajayi-Kadir, Director-Heneral (DG) of MAN, spoke in an interview with NAN on Wednesday in Lagos. He expressed concern about the potential impacts the policy could have on […]
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) said on Tuesday that the Dangote Refinery would supply 25 million litres of petrol to the Nigerian market daily starting this month. This is as the pump price of premium motor spirit has been adjusted upward to between N910 to N960 across the country. The oil […]
Former Vice President and the 2023 Presidential candidate of People’s Democratic Party (PDP), Alhaji Atiku Abubakar, has demanded explanation from the Federal Government on how Oando Plc owned by the President Bola Tinubu’s nephew, Wale Tinubu got an accelerated approval to buy the onshore assets of AGIP and ENI while other transactions such as the […]
