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Environment & Oil &gas
Dangote refinery set to import crude from Brazil – Bloomberg
As the challenge of Dangote Refinery sourcing its crude stock locally lingers, indication was that the company is set to import a cargo of Brazilian crude, Bloomberg reported on Friday.
It said this would add to the large…
NNPC no longer have 20% shares in Dangote Refinery–Aliko Dangote
Maureen Aguta
The Chief Executive Officer (CEO) of Dangote Refinery, Aliko Dangote, has revealed that the Nigerian National Petroleum Corporation (NNPC) Limited no longer owns a 20 per cent stake in Dangote Refinery.…
FG, oil producers agree on sustainable crude supply to local refineries
Maureen Aguta
The Federal Government and crude oil producers in Nigeria have agreed to work toward a sustainable supply of crude oil to local refineries under a market-determined pricing system.
The aim is to…
NNPCL seeks fresh $2bn crude-for-cash loan amid fuel scarcity
Maureen Aguta
The Nigerian National Petroleum Company Limited (NNPCL), plans to secure a fresh $2 billion oil-backed prepayment loan amid fuel scarcity in the country.
This is according to a report by Reuters on…
Petrol queues spread to Lagos
The scarcity of petrol that started in the Federal Capital Territory (FCT) six days ago has spread to Lagos.
Yesterday, motorists at Nigeria’s commercial hub, spent hours at the few filling stations selling…
BREAKING: National Grid collapses again, blackout expected across Nigeria
Maureen Aguta
The national power grid serving Nigerians has collapsed again, the fourth time in 2024.
A total system collapse means total blackout nationwide or in most parts of the country.
It was learnt that the…
Flood Alert: FG releases list of 19 states to be mostly affected
Maureen Aguta
The Federal Government has issued a warning that river flooding is expected to commence by late July, significantly affecting 19 states and the Federal Capital Territory (FCT).
Additionally,…
Crude oil theft: As IOCs depart, indigenous oil firms increase assets
Joseph Irikefe
Nigeria’s troubled oil and gas industry has been offered a lifeline with domestic oil companies daily snapping-up onshore oil blocks that are being abandoned by exiting International Oil Companies,…
National Strike: Darkness as Unions shut down national grid
Maureen Aguta
The Transmission Company of Nigeria (TCN) has disclosed that the Organised Labour, comprising of Nigeria Labour Congress and Trade Union Congress (TUC) has shut down the national grid, resulting in black…
Petroleum workers demand helicopter landing fee reversal
Maureen Aguta
Petroleum workers, under the auspices of the Nigerian Union of Petroleum and Natural Gas Workers (NUPENG) and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), have called for…