Many tankers are currently at various depots in Lagos waiting to load Premium Motor Spirit, popularly called petrol, for onward delivery to states across the country as the scarcity of PMS worsens. It was gathered on Monday that though some Read more…
The Federal Government has announced that crude oil sales to Dangote Refinery and other local refineries will begin October 1, 2024. Wale Edun, Minister of Finance and Coordinating Minister of the Economy, made the statement while meeting with the Implementation Read more…
Indigenous and independent oil marketing and trading company, Matrix Energy Group is under serious allegations of importing substandard petroleum products to Nigeria as media reports linked the company to involvement in importing low-quality petroleum from Russia via Malta for blending Read more…
By Uzo Ugwunze No fewer than three make shift structures were said to have been gutted by fire at Mgbuka Obosi Old Motor Car Spareparts market, Idemili North Local Government Area, Anambra state, in the wee hours of Saturday, allegedly Read more…
The Federal Government’s efforts at making the Compressed Natural Gas, CNG, vehicles popular in Nigeria, may not get the needed gravitas after all, Vanguard investigation has revealed. What technicians are saying This is because many of the local automobile technicians Read more…
By Uzo Ugwunze The Traditional ruler of Ogidi, Igwe Pharm. Alex Onyido(Ezechuomagha) has tasked Nigerian youths to go back to agriculture as a panacea to hunger and unemployment prevalent in the country. The monarch and industrialist gave the advice during Read more…
The Port Harcourt Refining Company, a refinery under the management of the Nigerian National Petroleum Company Limited in Rivers State, has again failed to commence operations after about six postponements, The PUNCH reports. It was observed that promises made to Nigerians by Read more…
The Dangote Group has denied reports of a planned increase in petrol price to N600/litre, as attributed to the Independent Petroleum Marketers Association of Nigeria (IPMAN). In a statement released on Tuesday, Anthony Chiejina, Group Chief Branding and Communications Officer, Read more…
The Zaporozhye Nuclear Power Plant (ZNPP) has caught fire after being shelled by Ukrainian forces, the governor of Russia’s Zaporozhye Region, Evgeny Balitsky, announced on Sunday. The fire is under control, the official added. The fire broke out following a Read more…
Atlas Oranto Petroleum International Limited (AOPI), made up of Atlas Petroleum International Limited and Oranto Petroleum International Limited, an oil & gas firm with specialisation in oil drilling, has expanded its global reach with the signing of oil prospecting agreement in Read more…
Nigerian billionaire businessman, Tony Elumelu has said the Nigerian government and security operatives should tell Nigerians those who steal the country’s crude oil. Elumelu, who doubles as Chairman of Heirs Holdings stated this in an interview published by the Financial Read more…
The President and Chief Executive of Dangote Group, Alhaji Aliko Dangote, has stated that his $20bn Dangote Petroleum Refinery was built to use Nigerian crude and add value to it within the country. Dangote, who stated this in a statement Read more…