The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has revealed that the price of Premium Motor Spirit churned out by the old Port Harcourt Refinery which resumed production on Tuesday, is ₦75 per litre higher than that sold by the Dangote Refinery. Joseph Obele, public relations officer of PETROAN, revealed that petrol supplied […]Read More
The Port Harcourt refinery, is set to resume crude oil production after several missed deadlines and a long period of rehabilitation exercise. The rehabilitation exercise worth $1.5 billion was approved by the Nigerian government in 2021 for the refinery with a combined 210,000 barrels per day capacity. Announcing the preparedness of the refinery for production […]Read More
The Nigerian presidency has revealed plans to fully privatise the country’s state-owned refineries, including the Port Harcourt, Warri, and Kaduna facilities are underway. Sunday Dare, the President’s special adviser on media and public communications, posted this update in a statement posted on Sunday via his official X (formerly Twitter) account. The bulletin outlined key achievements […]Read More
Dangote Petroleum Refinery has announced a reduction in the ex-depot price of Premium Motor Spirit (PMS), popularly known as petrol, to N970 per litre from N990/litre. In a statement released by Anthony Chiejina, the Dangote Group’s chief branding and communications officer, this price cut will take effect immediately for oil marketers. The statement described the […]Read More
The Dangote Refinery, Africa’s largest, has resumed importing crude oil from the United States after a three-month hiatus. This move comes as the refinery continues to ramp up its production capacity and meet growing domestic and regional fuel demand. Bloomberg reported on Wednesday that the cargo conveying two million barrels of WTI Midland crude from […]Read More
The House of Representatives has directed electricity distribution companies (DisCos) in the country to undergo an N500 billion recapitalisation to improve their financial stability and enhance service delivery to Nigerians. This decision followed the adoption of a motion titled “Need to Address the Activities of Distribution Companies in Nigeria,” sponsored by Ayokunle Isiaka, a lawmaker […]Read More
The Nigerian National Petroleum Company (NNPC) Limited has officially introduced the Utapate crude oil blend, its latest crude oil grade, before the international crude oil market. A development that could pose a significant boost to Nigeria’s volatile crude production, revenue generation, and economic growth efforts. Utapate crude oil blend is the latest offering from NNPC […]Read More
The Nigerian Navy, operating under the framework of Operation DELTA SANITY, uncovered and dismantled 23 illegal refinery sites while recovering a significant quantity of stolen crude oil in October. This was made known in a statement issued by Aiwuyor Adams-Aliu, the Director of Naval Information, on Tuesday in Abuja. Adams-Aliu stated that the operation also […]Read More
The Yola Electricity Distribution Company (YEDC) has started installing 1,880 meters, using funds from a recently secured N21 billion allocation aimed at enhancing service delivery for its Band ‘A’ customers. YEDC announced it would deploy 1,500 single-phase meters and 380 three-phase meters for Band ‘A’ customers, using N243 million from the N21 billion Meter Acquisition […]Read More
The Federal Government of Nigeria, through the Ministry of Power, has revealed plans to source from the private sector, part of the $10 billion required to provide regular electricity across Nigeria within the next five to 10 years. This formed the crux of the deliberation when Jobson Oseodion Ewalefoh, Director General of the Infrastructure Concession […]Read More
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