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The Nigerian National Petroleum Corporation (NNPC) has cultivated 2,675 hectares of cassava plantations for the processing of bioethanol in Kebbi state. Kebbi state government committee on Biofuels revealed in a statement on Thursday through its Chairman, Prof. Mohammad Ka’oje. Ethanol is a biofuel processed from starchy crops like Maize and Cassava and can be used as biofuel mainly in Brazil ...

by Abisoye Shola…………… Eni, the Italian multinational oil firm has kicked against the Public Prosecutors request that the Chief Executive of Eni, Claudio Descalzi and Paolo Scaroni be sentenced to eight years imprisonment over birbery allegations in the controversial Malabu oil deal. The Italian prosecutors are also requesting a ten-year prison sentence for Dan Etete, Nigeria’s former petroleum minister over ...

by Abisoye Shola…………….. The Managing Director of Nigerian Ports Authority (NPA), Hadiza Bala Usman, has frowned over Shipping firms moving 90 percent of their cargoes by road. She said there is the need to recognize the use of intermodal transportation systems in Nigeria. “You can’t have 90% of your cargoes being moved through the road alone; the road will get ...

by Musa Ibrahim………………. The Nigeria Customs Service Board (NCSB) has approved the appointment of five Assistant Comptrollers- General (ACG) of Customs and promoted 2,634 Officers. In a statement on Wednesday, the Public Relations Officer (PRO) of the service, Mr Joseph Attah, explained that the newly appointed ACG of Customs were Mohammed Boyi, Training and Coordination, Adewale Adeniyi, Commandant C&SC Gwagwalada ...

by James Ikenna………….. Vitol, which holds a fifth of Nigeria’s total crude and condensate production in Nigeria has declared interest to move into US shale basins as it hold sway in Nigeria’s deepwater blocks OML 127 and OML 130, which include the major deepwater fields of Agbami, Akpo and Egina is now set to acquire mature, producing oil and gas ...

by Jenifer Dike…………… The Department of Petroleum Resources (DPR) has put on hold pre-qualification bid round of oil firms owing taxes to government According to DPR those companies that did not make the pre-qualification bid due to tax defaults have until Friday 24, July, 2020 to meet up the requirements. DPR in its notifications to companies that were prequalified for ...

The Nigeria National Petroleum Corporation (NNPC) has increased the prices at which two of the country’s major crude oil grades would be sold in August. Most of the country’s September loading programmes emerged on Monday, but traders were still waiting for Angolan allocations, according to Reuters. The NNPC on Monday raised its August official selling prices for Bonny Light and ...

by Victor Osai………… The Campaign for the Economic Survival of Urhobo Nation (CATESUN) is spitting fire over the on-going bid process of the marginal field and is insisting that the federal government must start a fresh process for the biding of the 57 marginal field to enable them be part of the bid. CATESUN in a statement signed by its ...

by James Ikenna………….,.. Chevron has described the acquisition of $13 billion worth of Noble Energy as Low-Cost deal in its first major Post covid-19 transaction. Chevron said on Monday that it has signed pact with the Houston-based Noble Energy to aquire its stocks valued at US$5 billion. Under the terms of the deal, Noble Energy shareholders will receive 0.1191 shares ...

by Musa Ibrahim……….. The Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria, (AMCON) Ahmed Kuru, has said that some of its receiver managers has been disengaged due to non-performance as it sets strategy to recover N5 trillion debts. The corporation is worried that if efforts are not intesified to recover these huge debt over a period of time, the ...