Tag: NNPC
Dangote Refinery. What Nigerians should know!
July 19, 2021 After taking FX at concessionary rates from the CBN, Nigeria is inexplicably tied at the apron strings to Mr. Dangote’s now-threatened refinery. Estimates by professional industry analysts and those close to the project put its completion date in 2024 or 2025 It was hailed as the best thing to happen in the ...Nigeria seeks $1bn for key gas pipeline as it awaits Chinese loan
July 16, 2021 Nigeria is seeking $1 billion so work can continue on a gas pipeline costing up to $2.8 billion after Chinese lenders which had pledged to offer most of the funds did not disburse cash as quickly as expected, three sources close to the matter said. It is the latest sign of falling ...PIB faces last battles over fuel, northern drilling
July 15, 2021 Nigeria’s lawmakers are on the cusp of clearing an oil industry overhaul that has eluded the nation for two decades. Final passage of a package of measures is expected as early as Wednesday due to alignment between the National Assembly and President Muhammadu Buhari. But added provisions, including one that could give ...Nigeria has seen a drastic decline in attacks on oil, gas facilities since 2014 – Minister
July 6, 2021 The Minister of State for Petroleum, Mr Timipre Sylva, on Monday declared that attacks on oil and gas facilities across the country had reduced significantly since 2014. The minister made the declaration at a Town Hall meeting on Protecting Oil and Gas Infrastructure in Abuja, on Monday. Sylva, who was represented by ...PIB not worth celebrating in the N/Delta, oil producing states deserve more than 3% allocation – Rivers IPMAN
July 2, 2021 Mr Joseph Obele, Chairman, Rivers State Chapter of the Independent Petroleum Marketers Association of Nigeria (IPMAN), has expressed his dissatisfaction over the three per cent oil derivation take approved by the senate for oil producing communities. Obele, in a statement made available to newsmen on Thursday in Port Harcourt, said that the ...Senate Passes PIB 13 years after first presentation
July 1, 2021 The Senate adjourned plenary till July 6, 2021, after it passed the much awaited Petroleum Industry Bill (PIB) on Thursday. The bill it said was passed after careful consideration of each of the clauses. Channels Television reports that the Senate before the passage, met behind closed doors with the Minister of State ...Military arrests ISWAP terrorist in S/West
July 1, 2021 The Defence Headquarters says the troops of Operation AWATSE, have arrested a suspected member of Islamic States West Africa Province (ISWAP) in Sango Otta area of Ogun. The Acting Director, Defence Media Operation, Brig.-Gen. Bernard Onyeuko, disclosed this while briefing newsmen on operations of the armed forces between June 18 and June ...GMD NNPC to brief Senate on Thursday on certain provisions of the PIB
June 30, 2021 Mr. Mele Kyari, Group Managing Director, Nigerian National Petroleum Corporation (NNPC), is expected to brief the Senate on Thursday on technical aspects of the Petroleum Industry Bill (PIB) 2021. President of the Senate, Ahmad Lawan, disclosed this at Wednesday’s plenary. Lawan said the briefing was to educate senators on the technicalities and ...Petrol Price: Nigeria engaging on appropriate pricing – Mele Kyari
June 29, 2021 The Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, on Tuesday suggested that the inability to find an appropriate price for petrol has forced the continuation of the subsidy scheme. While its landing cost is about N256 per litre, according to Mr. Kyari, petrol sells for N162 to N165 in ...Decision to borrowing to acquire 20% equity in DOR driven by the profit potential of refinery business – NNPC
June 29, 2021 The Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari on Tuesday explained why the national oil company is borrowing to purchase a stake in Dangote oil refinery, DOR. In May, the NNPC announced that it plans to acquire a 20 percent equity stake in the company. He argued that the ...
