News

Port Harcourt Refinery: Oil Marketers Speak on New Fuel Price

After an extensive period of anticipation, the Port Harcourt refinery in Rivers State is edging closer to commencing operations, eliciting optimism among oil marketers for a potential reduction in fuel prices. Recent visits by oil marketers to the facility have confirmed its readiness to start releasing refined products, particularly Premium Motor Spirit (PMS), commonly known […]

News

We Can Revive Nigeria’s Refineries, Women Engineers Appeal To Tinubu

The Association of Professional Women Engineers of Nigeria (APWEN) urged President Bola Tinubu to provide female engineers with the opportunity to address the nation’s dormant refineries. During the association’s public lecture and Annual General Meeting in Ikeja, Atinuke Owolabi, the newly-elected chairperson of the APWEN Lagos Chapter, made this plea. Owolabi expressed confidence that female […]

Economy

NNPC To Supply 300,000 Barrels Of Crude To Dangote Refinery

The Nigeria National Petroleum Company (NNPC) Limited says it is set to supply 300,000 barrels of crude oil to Dangote Refinery. Mele Kyari, NNPC’s group chief executive officer (GCEO), NNPC, spoke on Thursday at the Nigeria oil and gas opportunity fair. The event was held at the Nigerian Content Development and Monitoring Board (NCDMB) conference […]

Economy

NNPC Sets Dates For PH, Warri, Kaduna Refineries To Start Operation

The Nigeria National Petroleum Company (NNPC) Limited has set dates for the commencement of operation at three refineries located in Port Harcourt, Rivers state, Warri in Delta State and Kaduna state. According to the Group Chief Executive Officer (GCEO) of the NNPC, Malam Mele Kyari, the Port Harcourt refinery will be ready before the end […]

News

Dangote Shops Additional ₦300 Billion To Finance Refinery

Dangote Industries Limited (DIL) at the weekend opened an application list to raise up to N300 billion in medium-term debt funding from the Nigerian capital market. The money is to finance the Dangote Petroleum Refinery being built in Lagos and due for completion in the first quarter of next year. The firm, through a special […]

Economy

Nigeria: Duport Modular Refinery Ready End Of March – NCDMB Boss

The Duport Modular Refinery financed with equity participation by the Nigerian Content Development and Monitoring Board (NCDMB) will be ready for commissioning by end of March 2022, the Executive Secretary of NCDMB, Engr. Simbi Kesiye Wabote has said that. He stated this after he undertook an assessment visit and participated in the 1st quarter board […]

Economy

Dangote Refinery Won’t Guarantee Nigeria Cheaper Petrol – Economist

The Chief Executive Officer of Financial Derivatives Company Limited (FDC), Mr. Bismarck Rewane, has advised Nigerians not to entertain the illusion that the Dangote Refinery would guarantee them cheaper supply of refined petroleum products. Rewane said the most the Dangote refinery would guarantee was improved supply of petrol in Nigeria’s domestic market, but would not […]