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DownstreamMidstreamNewsOil theftSabotage

Nigerian Navy dismantles illegal refinery in Rivers State capable of producing 2m litres of Diesel per day

... says illegal refiners use drums for refining stolen crude, gaining tactical advantage with easy dismantling   Oredola Adeola The Nigerian Navy Ship PATHFINDER has dismantled a large-scale illegal crude…

Admin
Admin
August 21, 2024
DownstreamLocal ContentMidstreamNewsOil & Gas

First petrol delivery from Dangote Refinery expected in September- FG confirms 

... reveals crude oil sales in Naira to Dangote, other domestic consumers begin October 1, 2024   Thelma Tokunbo   The Federal Government has announced that the first Premium Motor…

Admin
Admin
August 19, 2024
DistributionGenerationNewsPowerTransmission

Tinubu’s SSA Digital Economy, Engr. Adighije, appointed as new MD/CEO of NDPHC

... as Chiedu Ugbo bows out after two terms as MD   Oredola Adeola President Bola Tinubu has appointed Engineer Jennifer Adighije, formerly the Senior Special Assistant on Entrepreneurship Development…

Admin
Admin
August 19, 2024
NewsPowerTransmission

TCN energizes 25 transmission transformers, boosts capacity to 2150 MVA between January, June 2024 – Engr. Abdulaziz, TCN MD

... attributes Federal Ministry of Finance's failure to pay counterpart funding for delays in implementing donor-funded projects ... grapples with N600bn in liabilities in ground rent payments to state governments…

Admin
Admin
August 19, 2024
DocumentaryDownstreamFinanceMidstreamNewsUpstream

AFS: NNPC Limited reports N700bn (28%) increase in 2023 Net Profit to N3.248 trillion

... denies subsidy payment, says it was only taking care of PMS importation shortfall ... cites distribution, logistics challenges as causes of fuel scarcity in Lagos, Abuja   Oredola Adeola The…

Admin
Admin
August 19, 2024
DownstreamMaritimeMidstreamNewsOil & GasUpstream

Matrix Energy Group reaffirms commitment to quality, integrity amidst dirty petrol import allegations

... we did not discharge 200,000 metric tons of PMS into our facility in July 2024 - Akinola, Matrix Spokersperson Oredola Adeola Matrix Energy Group has asserted that its imported…

Admin
Admin
August 18, 2024
DownstreamFinanceMidstreamNews

NNPC Ltd is not owing $6.8bn – Soneye responds to critics

.. refutes claims of non-remittance, affirms regular tax payments to Federation Account  Thelma Tokunbo The Nigerian National Petroleum Company Limited (NNPC Ltd.) has refuted a media report claiming that the…

Admin
Admin
August 18, 2024
ConcessionNewsSabotage

Presidential Jets Seizure: Zhongfu firm is an imposter, it’s Chinese against Chinese- Senator Ibikunle Amosun explains his part 

... urges FG to handle Zhongfu International Investment FXE with same rigor as P&ID case Oredola Adeola Senator lbikunle Amosun, former Governor of Ogun State has expressed commitment to work…

Admin
Admin
August 17, 2024
DownstreamEnergy TransitionGasImpactLocal ContentNewsSustainability

WIEN, Smart Gas Ltd. set to distribute 100,000 3kg, 6kg cylinders annually, targets 500,000 homes nationwide

...seek public, private sector funding to boost cooking gas utilization across 774 LGAs in Nigeria Oredola Adeola The Women in Energy Network (WIEN), in partnership with Smart Gas Limited, is…

Admin
Admin
August 16, 2024
DocumentaryNewsSabotage

Ogun Free-Trade Zone Hoax: Zhongshan, Chinese firm’s attempt to strip 3 Nigeria’s Presidential jets, other assets in foreign jurisdictions

... as FG vows to discharge controversial orders by Paris Court in March, August 2024   Oredola Adeola A 2007 contract between Ogun State and Zhongshan Fucheng Industrial Investment Co.…

Admin
Admin
August 16, 2024
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