NNPC reshuffles 55 top staff in major shake up as Ewubare heads NAPIMS

The ongoing restructuring of the Nigerian National Petroleum Corporation, NNPC received fresh impetus on Tuesday with the appointments and deployments of top executives across...

Kachikwu says petrol price to crash in 6 months

The Minister of State, Petroleum Resources, Dr. Ibe Kachikwu, has given assurance that the pump price of Premium Motor Spirit (PMS), otherwise known as...

Cement manufacturers agree to crash price, lament energy costs

Major producers of cement in the country have assured that they are actively working to reduce the cost of the product as soon as...

Crisis looms in LPG market as NNPC’s dispute intervention fails

The intervention of the Nigerian National Petroleum Corporation (NNPC) to avert the crisis looming in the Liquefied Petroleum Gas (LPG) market, better known as...

NNPC says July deadline for low-sulphur fuel remains unchanged

The Nigerian National Petroleum Corporation (NNPC) is working to meet the July 2017 deadline for switching from fuel with higher concentration of sulphur to...

Kachikwu explains why there won’t be open bidding for refineries

The Minister of State for Petroleum Resources, Ibe Kachikwu said refineries repair cannot be done in an open bidding process, Daily Trust reports. While speaking...

Nigeria to save $15bn on fuel imports by 2019 from new oil refinery –...

The founder and Chief Executive, Dangote Group, Aliko Dangote, told attendees of the Financial Times Africa Summit in London that the refinery his company is...

Kaduna signs pact with Chinese firm for new Kaduna refinery

Kaduna State government delegation’s visit to China led by Governor Nasir El-Rufai, has brightened prospects for the development of a new 50,000 barrels per...

Conoil grows Q1 2017 profit to N3.3bn

Indigenous petroleum marketer, Conoil Plc, has reported a gross profit of N3.318bn for the first quarter of 2017, representing 67.66 per cent earnings rise...

Nigerian Refineries: Challenges and the Privatization Option

Nigeria’s minister of Petroleum Resources, Diezani Alisson Madueke, while speaking in London, United Kingdom in November 2013, stated that the country’s four refineries owned...

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