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Author Archives: admin

Marketers to Access N200 Billion Infrastructure Fund for CNG

………….by Ben Ndubuwa……..…..to Build 2000 CNG Outlets in Six Months…… The Federal government has set aside N200 billion with the Central Bank of Nigeria (CBN) as loan for marketers to access in order to build infrastructure for Compressed Natural Gas (CNG) in 2000 filling station and outlets Nationwide. The loan is expected to come with low interest rate to Marketers ...

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Refineries: Reps probe $1.5bn Planned Rehabilitation, Past Repairs

The House of Representative has resolved to investigate the fresh $1.5bn recently approved by the Federal Executive Council to rehabilitate the Port Harcourt refinery. The House will also be probing into the rehabilitation and maintenance exercises on other refineries in the country over the years. At the plenary on Wednesday, the House unanimously adopted a motion of urgent public importance ...

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NNPC Streamlines Measures to Achieve $10 Per Barrel Production Cost Target

The Nigerian National Petroleum Corporation (NNPC) has taken a step further to achieve the $10 per barrel oil production cost benchmark with the development of the five-levelled Upstream Cost Efficiency Transformation Framework. The model developed by the National Petroleum Investment Management Services (NAPIMS), the upstream investment arm of the NNPC, detailed a-step-by-step method of driving down the unit operating cost ...

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NLNG Signs MoU with USAID to Eliminate Malaria in Bonny

Nigeria LNG Limited (NLNG) today signed a five-year Memorandum of Understanding (MoU) with the U.S. Agency For International Development (USAID) to make Bonny Island, its operational base, malaria free. The MoU was signed by NLNG’s Managing Director/Chief Executive Officer, Engr. Tony Attah on behalf of NLNG and the United States Ambassador to Nigeria, Mary Beth Leonard. Through the U.S. President’s Malaria ...

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Shell Donates 330 PPEs to FRSC in Rivers

The Federal Road Safety Corps (FRSC), Rivers Command, said it had received over 330 Personal Protective Equipment (PPEs) donated by Shell Nigeria to combat the COVID-19 pandemic. Rivers FRSC Sector Commander, Salisu Galadunci, said in a statement that the PPEs comprised of 170 pieces of nose masks, 150 pieces of reflective jackets and body temperature gauges. The sector commander said ...

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PH Refinery Rehabilitation a Viable Endeavour – Kyari

…Provides Justification for $1.5billion Refinery EPC Project…..The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has described the recently approved rehabilitation exercise of the 210,000 barrels per day capacity Port Harcourt Refinery as a worthy undertaking embarked upon after diligent consideration and in strict adherence to industry best standards.Speaking to reporters at the NNPC Towers, ...

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We Cannot Afford a Brand New Refinery Now – NNPC Boss

The Nigerian National Petroleum Corporation (NNPC), Group Managing Director, Mele Kyari has said that Nigeria cannot afford a brand new refinery of the size of Port Harcourt Refinery now. According to him the country does not have the financial muscle now to build a new refinery going by the economic situation of the country. He pointed out that in building ...

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Ikeja Disco Bags ISO Certifications, Reiterates Commitment to Excellence

Ikeja Electric, Nigeria’s leading Electricity Distribution Company, has scored another first in the electricity sector, after bagging three latest International Organization for Standardization (ISO) certifications ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018 in recognition of its effective implementation of Occupational Safety & Health, Environment Management and Quality Management processes. In addition, the DisCo also emerged as one of the runners-up ...

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NNPC Reveals Condition Given by Lender to Fund PH Refinery Rehabilitation

The Nigerian National Petroleum Corporation (NNPC) has revealed the basic condition given by the lender, Afreximbank, to fund the rehabilitation of the Port Harcourt refinery. The corporation stated that the financial institution insisted that the NNPC will not operate and manage the refinery upon completion of the rehabilitation work, but rather a private-sector partner. This was disclosed by the Group ...

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