Delta state set to construct three 10,000bpd modular refineries

The Delta State Government on Monday announced that it would commence the construction of three modular refineries with total crude refining capacity of 30,000...

Nigeria expects $40bn investments in oil projects over five years

The Minister of State for Petroleum Resources, Dr. Ibe Kachukwu, has said that with the right policies in place, Nigeria is expecting investments of...

Obasanjo inaugurates Azikel refinery, lauds Buhari over modular refinery licences

Former President Olusegun Obasanjo at the weekend described as “commendable” the decision by President Muhammadu Buhari to award operational licences to twenty-two firms for...

Average price of petrol was N191/litre in January – NBS

A report of the National Bureau of Statistics (NBS) has indicated that many Nigerians are still paying far above the N145 per litre pump...

FG to compel IOCs to build refineries in Nigeria – Kachikwu

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, on Monday said multinational oil firms would soon not be able to ship out...

Nigerians paid less for cooking gas in January 2018 – NBS

A National Bureau of Statistics (NBS) report has shown that the average price of cooking gas in Nigeria decreased by at least 14 per...

Buhari declares Nigeria fully open to oil and gas investors

President Muhammadu Buhari says Nigeria is open to investments and ready to provide leadership for Africa in oil and gas, The Guardian reports. The President...

IPMAN warns fuel queues may resurface in Lagos due to allocation formula

The Ejigbo Satellite Depot chapter of the Independent Petroleum Marketers Association of Nigeria (IPMAN) has warned of another possible round of petrol scarcity except...

Poor governance preventing investment in Nigeria’s mega gas projects – Senate

In the opinion of Bassey Albert Akpan, a ranking law maker in Nigeria’s Upper House of Legislature, there has been an increase in supply...

Dangote to recruit 900 new engineers for refinery and fertiliser plant

The Senior General Manager in charge of Human Assets at Dangote Group, Mr. Umar Hamza, has said that the Dangote Refinery and Fertiliser Plant...

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