FG not yet prepared to sell Nigeria’s refineries – Kachikwu

The Federal Government is not ready to sell or concession any of its four refineries in whole or in part, Minister of State for...

NSC to collaborate with NNPC, NEXIM Bank, others on truck park

The Nigerian Shippers Council (NSC) said it is collaborating with the Nigerian National Petroleum Corporation (NNPC), NEXIM Bank and other investors to build a...

Investors keen on modular refineries despite challenges

After many years of lack of investment in private refineries in Nigeria, several local and foreign investors are keen to establish modular refineries in...

Cooking gas price across Nigeria drops by 30%

The price of Liquefied Petroleum Gas (LPG), otherwise called cooking gas, has dropped by 30 percent from N400 per kilogram (kg) in May to...

Dangote to invest $50bn in renewables and petrochemicals across U.S., Europe

Africa’s richest man, Aliko Dangote, plans to invest $20 billion to $50 billion in the U.S. and Europe by 2025, in industries including renewable...

NPMC MD lauds NIPCO, 11 Plc’s massive storage assets, outlets

Managing Director of the Nigerian Petroleum Marketing Company, (NPMC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC) and an offshoot of the defunct...

NNPC, marketers say no plan to increase petrol price now

The Nigerian National Petroleum Corporation and marketers in the downstream oil sector have said there are no immediate plans to increase the pump price...

Lack of funds hampered construction of 33 private refineries – Kachikwu

While speaking at the grant-signing ceremony, involving Eko Petrochem and Refining Company Limited and the US Trade and Development Agency (USTDA) at the Tomaro...

US, FG back Eko Petrochem’s 20,000bpd oil refinery in Lagos

The construction of a 20,000-barrels-per-day crude oil refinery in Lagos by a Nigerian petrochemical and refining company has received a major boost with the...

Mobil Nigeria officially changes name to 11 Plc

An official has indicated that Mobil Oil Nigeria Plc has officially changed its name to 11 Plc and that the change will be implemented by...

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