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NPA MD says Nigeria Poised to Become Africa’s maritime Hub

Acting Managing Director of the Nigerian Ports Authority (NPA) Mohammed Bello-Koko says the organisation is poised to leverage Nigeria’s status as Africa’s biggest economy to actualise the country’s maritime hub status in the region. In a statement issued on Sunday in Lagos by NPA General Manager, Corporate and Strategic Communications, Mr Olaseni Alakija, Bello-Koko disclosed this in Abeokuta, Ogun, at ...

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Prof Iledare : Incon of Energy Sector Clocks 70 Draws Accolades Across the World

Professor Emeritus Omowumi Iledare the icon of the energy sector has been drawing accolades across the Petroleum industry and the world as he celebrates his birthday. Prof Iledare on September 6th turned 70 years.. And since last week he is being celebrated all across Nigeria, West Africa and globally. For instance Emmanuel Egbogah Chair of Petroleum Engineering, University of Port ...

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Brent Crude Price Fals to $69.83 PB

The price of Brent crude oil yesterday dipped by $0.80 to $69.83 per barrel, representing 1.13 per cent decline at 15:09 hour. The fall followed the United States President, Joe Biden’s plans to pressurise the Organisation of Petroleum Exporting Countries (OPEC) and its associates to increase their production. CNBC reported that the decision came on the heels of rising gas ...

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FG targets Nigeria’s Dominance of West African Oil, Gas Market

The Federal Government says it is targeting Nigeria’s dominance of the oil and gas market in the West African region with its ongoing Refinery Revolution and Decade of Gas initiative. Mr Sarki Auwalu, Director, Department of Petroleum Resources (DPR), made this known on Wednesday in Lagos at the Second Quarter, 2021 Business Dinner of The Petroleum Club Lagos. The topic ...

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23 Ships Discharge Petroleum Products, Other Items at Lagos Ports

The Nigerian Ports Authority (NPA) said 23 ships at the Lagos ports were discharging bulk wheat, general cargo, frozen fish, container, bulk fertilizer, bulk sugar, bulk soya and bulk salt. Others listed include base oil, petrol and butane gas. The NPA said it was expecting 10 others laden with petroleum products, food items and other goods from July 12 to ...

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DPR Boss Wins CEO of the Year Award at 2021 Valuechain Awards

Engr. Sarki Auwalu, Director and Chief Executive Officer, Department of Petroleum Resources on Monday bagged the Chief Executive Officer of the Year Award at the Fourth Valuechain Lecture and Awards in Abuja. Paul Osu, Head, Public Affairs, DPR said that the organisers of the award, Valuechain Magazine, bestowed the award on Auwalu for his outstanding leadership of the petroleum regulatory ...

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MOMAN Ready to Patronise Dangote Refinery —Oyebanji

The Major Oil Marketers Association of Nigeria (MOMAN) has expressed interest to lift refined petroleum products from the Dangote Refinery, Lagos which is at completion stage. The Dangote Group made the announcement in a statement posted on its website and obtained by journalists in Lagos. The statement said the marketers made the request during a recent visit to the site ...

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PIB: Rivers Host Community Kicks, Demands 100 Percent Ownership

The Rivers State host community under the umbrella of Ikwerre People’s Congress (IPC) Worldwide has declared outright rejection of the Petroleum Industry Bill (PIB) recently passed by the National Assembly because it typifies nothing worthy of celebration. The group insisted that the Niger Delta region wants 100 percent ownership rights of the proceeds from oil and gas. It took the ...

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Nigeria Earned N79.96 Billion from Solid Minerals in 2019, Highest in 5 years – NEITI

The Nigeria Extractive Industries Transparency Initiative (NEITI) says Nigeria earned N79.96billion from the solid minerals sector in 2019, according to its 2019 audit report on the sector, released on Sunday, in Abuja. It said the figure, which represented accruals to the Federation and other subnational entities, showed a 15 per cent increase when compared to the N69.47 billion recorded in ...

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OPEC Member Countries Lost $1 Trillion to Oil Price Plunge in Two Years – Sec. Gen

The Secretary General, Organisation of Petroleum Exporting Countries( OPEC), Dr Mohammad Barkindo, has disclosed that OPEC member countries lost about $1 trillion USD to oil price plunge in 2015 and 2016. Barkindo disclosed this in his keynote address to the Fourth Nigeria International Petroleum Summit, in Abuja, on Monday, under the theme: ” From Crisis to Opportunities, new concepts ”. ...

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