OIL MARKET: Prices rise over $75 per barrel as OPEC+ meeting begins soon in Vienna By Eyo Nsima The prices of many crudes have risen over $75 per barrel in the global market as the Organisation of Petroleum Exporting Countries, OPEC, and its allies, popularly known as OPEC+ plan to hold a crucial meeting. The […]
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JUST IN: Petrol shortage hits Lagos, Abuja, others By Eyo Nsima Petrol shortage has emerged in Lagos, Abuja and other parts of Nigeria over uncertainty associated with the planned subsidy removal. The shortage, characterised by long queues, arbitrary prices and extortion was fueled by the government confirmation that fuel subsidy has officially ended in Nigeria.
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Breaking : Fuel subsidy is gone in Nigeria — President Tinubu President Bola Tinubu said fuel subsidy has come to an end in Nigeria . Delivering his inaugural address in Abuja, Nigeria’s capital, he said no provision was made for it in the 2023 budget. He also said funds will be directed at building infrastructure
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I am confident that I am leaving office with Nigeria better in 2023 than in 2015 By President Muhammadu Buhari My fellow Nigerian brothers, sisters and friends of Nigeria. I address you today, in my last assignment as a democratically elected President of our great and well-endowed nation, with a deep sense of gratitude to
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NIGERIA: President Buhari flags off oil drilling at Chad Basin By Eyo Nsima President Muhammadu Buhari has flagged off petroleum drilling at the Lake Chad Basin which was suspended in 2017 after Boko Haram terrorists adopted scientists and geologists working for a subsidiary of the Nigerian National Petroleum Corporation. Speaking virtually at the flag-off, President
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Dangote Refinery will generate $21billion, to employ over 100,000 youths Amid encomium from eminent personalities, which included President Mohammadu Buhari and five other African heads of state, President of the pan-African Conglomerate, Dangote Industries Limited (DIL), Aliko Dangote disclosed yesterday that the newly commissioned 650,000pbd refinery would employ over 100,000 Nigerians youths as well
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Buhari, five African Presidents to commission Dangote Petroleum Refinery (today) In an epoch-making event that will positively transform Nigeria’s oil and gas sectoral landscape, President Muhammadu Buhari will today commission Dangote Petroleum Refinery & Petrochemicals, the world’s largest single train refinery in Ibeju-Lekki, Lagos; alongside his counterparts from Ghana, Togo, Senegal, Niger, and Chad. Promoted by Africa’s richest man, Aliko
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Over $50bn Oil Industry Projects Unveiled at NOGOF- Wabote Oil and gas opportunities valued over $50bn and projected to be developed within five years were showcased by international and indigenous companies at the 2023 Nigerian Oil and Gas Opportunity Fair (NOGOF) which ended on Friday at the conference hall of the Nigerian Content
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Failed Abuja CCTV project: Court orders Buhari govt to account for $460m Chinese loan A Federal High Court in Abuja last week ordered the government of President Muhammadu Buhari to “account for the spending of $460 million Chinese loan to fund the failed Abuja Closed-Circuit Television (CCTV) project.” The Court also ordered the government
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How to Invest, Deepen Local Content in Nigeria’s Oil & Gas Industry By Simbi Wabote Ladies and Gentlemen, you are all welcome to the 4th Edition of the Nigerian Oil & Gas Opportunity Fair (NOGOF), which is a biennial event. I am excited to be here with you physically again in our own conference centre
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