President Muhammadu Buhari has flagged off the Nigeria Liquefied Natural Gas (NLNG) train 7 project, charging for its timely completion so as to enable the commencement of the Train 8 project. The President gave the charge on Tuesday at the virtual groundbreaking ceremony of the project in Bonny Island, Rivers State. He urged the Board…
By Adewole Kehinde I recently came across the “2020 Country Reports on Human Rights Practices: Nigeria” published by the United States of America Department of State. Going through the Executive Summary, Section 4: Corruption and Lack of Transparency in Government caught my attention and I will quote the particular paragraph: “In June the Nigeria National…
By Adewole Kehinde It is no longer news that the Federal Executive Council on Wednesday, 17th March, 2021 approved the sum of $1.5 billion for the rehabilitation of the Port Harcourt Refinery Company Ltd. Unfortunately, some personalities like Former Vice President Atiku Abubakar, Gov Nyesom Wike, Activist Aisha Yesufu, Senator Dino Melaye, and Former Gov…
Heirs Holdings (“HH”), the leading African strategic investor, in partnership with affiliated company Transnational Corporation of Nigeria Plc (“Transcorp”), Nigeria’s largest publicly listed conglomerate, announced today the unconditional acquisition of a 45% participating interest in Nigerian oil licence OML 17 and related assets, through TNOG Oil and Gas Limited (a related company of Heirs Holdings…
President Muhammadu Buhari said Nigeria has moved a step closer to the nation’s dream of full utilisation of the nation’s abundant gas potentials. The president made this assertion on Tuesday at the commissioning of the Integrated Gas Handling Facility and LPG Processing and Dispensing Plants built and operated by the Nigerian Petroleum Development Company, an…
The Speaker of the House of Representatives, Mr. Femi Gbajabiamila, has assured that the Green Chamber is determined to pass the Petroleum Industry Bill (PIB) within the next six months. Speaking on Tuesday when he played host to a delegation of the Oil Producers Trade Section (OPTS) under the Lagos State Chamber of Commerce and…
Price of petrol has once again been increased for a third time in three months as a litre of fuel will now sell at N170. This is because the Petroleum Products Marketing Company, a subsidiary of the Nigerian National Petroleum Corporation again increased the ex-depot price of Premium Motor Spirit, also known as petrol, to…
On Friday, July 8, 2016, former Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Ibe Kachikwu, handed over to his successor, Maikanti Baru. Baru was appointed as the new NNPC boss this week by President Muhammadu Buhari. Kachikwu, who is presently the Minister of State, Petroleum Resources, said he is confident Baru would…
A Niger Delta group has kicked against the removal of Ibe Kachikwu as the Group Managing Director, GMD, of Nigerian National Petroleum Corporation, NNPC, by President Muhammadu Buhari this week. The Niger Delta Indigenous Movement For Radical Change, NDIMRC, an oil monitoring group which had earlier warned of plot to remove Kachikwu as the NNPC…
If the threat by owners of mega fuel stations in Nigeria under the aegis of Mega Filling Station Owners of Nigeria, AMFSON, is anything to go by, then Nigerians will have to prepare for another round of scarcity of petrol. This is because the body has vowed to shut down operations if the Federal Government…