How Can Nigerian Spend $5 Billion To Fuel Generators – Yakubu Dogara Cries Out

How Can Nigerian Spend $5 Billion To Fuel Generators – Yakubu Dogara Cries Out

Speaker of the House of Representatives, Yakubu Dogara, has said it’s highly unacceptable for Nigerians to be spending about $5 billion to fuel their generators annually. “It is estimated that Nigerians spend about $5 billion yearly to fuel their generators. “This is an unacceptable situation and the House of Representatives stands ready to support the […]

NNPC Says Refineries Now Supplying 60% Kerosene Demand

NNPC Says Refineries Now Supplying 60% Kerosene Demand

In line with the 2019 target date by the Federal Government to stop the importation of petroleum products.The Nigerian National Petroleum Corporation said on Sunday that its refineries in Port Harcourt, Warri and Kaduna were now supplying 60 per cent of the Dual Purpose Kerosene being consumed in the country. A statement by the corporation quoted […]

North Korea Fuel Prices Hike As China Cuts Oil Sales

North Korea Fuel Prices Hike As China Cuts Oil Sales

Diesel prices rose to $1.45 per kg as of July 12, up 20 percent from three weeks ago Gasoline and diesel prices surged in North Korea in the weeks after a Chinese state oil company suspended fuel sales to the reclusive state, according to data reviewed by Reuters and an interview with a North Korean […]

We Have No Plan To Sell Refineries – FG

We Have No Plan To Sell Refineries – FG

The Federal Government said on Wednesday that it has no plans to concession or sell the refineries in the country. President Muhammadu Buhari said this while declaring open the 5th Triennial National Delegates’ Conference of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) in Abuja. Buhari, who was represented by the Minister […]

Militants Warns Northerners About Planned Coup

Militants Warns Northerners About Planned Coup

A militant group, Niger Delta Revolutionary Crusaders, NDRC, has threatened to stop oil exploration in the region if Northerners carry out an alleged coup against the Acting President, Yemi Osinbajo before October 1, 2017. In a statement by its spokesperson, WOI Izon-Ebi, yesterday, the group warned that it would resist such action with the last […]

Osinbajo Made A Mistake – Ayemi-Botu

Osinbajo Made A Mistake – Ayemi-Botu

Former national chairman, Traditional Rulers of Oil Producing Communities of Nigeria, TROMPCON, His Majesty, Charles Ayemi-Botu, has said the Acting President, Yemi Osinbajo “goofed by harping” on the Nigerian constitution to insist that the country remains an indivisible entity. According to Ayemi-Botu, “Acting President, Prof Yemi Osinbajo, harped on the indivisibility of Nigeria and the […]

Indonesia Ready To Build A Refinery In Nigeria

Indonesia Ready To Build A Refinery In Nigeria

The Federal Government’s plan to attract investment in modular refineries as part of efforts to boost local refining capacity, gained momentum yesterday with an Indonesian firm, PT Intim Perkasa Nigeria Ltd, a subsidiary of PT Intim Perkasa, Indonesia, indicating interest to build a refinery in Nigeria. Mr. Adi Hartadi, the Head of Investor Relations of […]

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