Dangote Refinery Commences Production Of Diesel, Aviation Fuel  

BusinessNewsNigeriaOil & GasDangote Refinery Commences Production Of Diesel, Aviation Fuel  

Hassan Umar Shallpella (Regional Correspondent)January 13, 2024

The Dangote Petroleum Refinery has so far received six million barrels of crude oil at its two SPMs located 25 kilometers from the shore and has commenced production of diesel and aviation fuel. The Refinery can load 2,900 trucks a day at its truck-loading gantries. The products from the Refinery will conform to Euro V specifications. The first crude delivery was done on December 12, 2023, and the 6th cargo was delivered on January 8,...

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Mele Kyari’s tenure as GCEO of NNPCL extended

NewsNigeriaOil & GasPoliticsMele Kyari’s tenure as GCEO of NNPCL extended

By Ezinwanne Onwuka (Senior Reporter)November 28, 2023

President Bola Tinubu has retained Mele Kyari as the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, NNPCL. The President also retained Umar Isa Ajiya as the chief financial officer of the company in a major shakeup of the board and management team of the NNPCL. Presidential spokesperson Ajuri Ngelale announced the latest development via a statement on Monday. Chief Pius Akinyelure will head the non-executive board whose directors include Ledum Mitee,...

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NNPCL: Nigeria will be net exporter of petrol in 2024; no more importation

NewsNigeriaOil & GasNNPCL: Nigeria will be net exporter of petrol in 2024; no more importation

PilotnewsNovember 24, 2023

The Nigerian National Petroleum Company Limited, NNPCL, expects to cease the importation of refined petroleum products by December 2024. The oil firm is also working towards making Nigeria a net exporter of refined petroleum products by the same deadline. “We will no longer be talking about fuel importation by the end of 2024. I am very optimistic that this will crystallize,” the Group Chief Officer of the NNPCL, Mele Kyari said on Thursday at a...

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UK court rules in favour of Nigeria, quashes $11bn debt on failed gas deal with P&ID

NewsNigeriaOil & GasPoliticsUK court rules in favour of Nigeria, quashes $11bn debt on failed gas deal with P&ID

By Ezinwanne Onwuka (Senior Reporter)October 25, 2023

…President Tinubu lauds judgement. On Monday, Justice Robin Knowles of the Commercial Courts of England and Wales stopped Nigeria from paying an $11 billion [N8.4 trillion] arbitration award to Process & Industrial Developments [P&ID] Ltd., a company based in the British Virgin Islands. The legal wrangling between the Nigerian government and the company dates back to 2012 after a gas processing contract signed in 2010 went south. P&ID entered into an agreement with Nigeria in...

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NNPC Clarifies Increase In Petrol Pump Price

NewsNigeriaOil & GasNNPC Clarifies Increase In Petrol Pump Price

Hassan Umar Shallpella (Regional Correspondent)July 19, 2023

The CEO of the Nigerian National Petroleum Company (NNPC) Ltd, Mele Kyari has attributed the increase in petrol pump price from N540 to N617 per litre to market forces. Speaking after a meeting with Vice-President Kashim Shettima at the Aso Villa, Mr Kyari stated that the price hike was not due to a shortage in petrol supply, saying that prices fluctuate depending on market realities, and that the market would regulate itself. “There are just...

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Nigeria launches Africa’s biggest oil refinery

BusinessNewsNigeriaOil & GasNigeria launches Africa’s biggest oil refinery

By Ezinwanne Onwuka (Senior Reporter)May 24, 2023

Africa’s biggest oil refinery and the world’s biggest single-train facility has been launched in Ibeju-Lekki, Lagos State, amid expectations that Nigeria will cease importing refined petroleum products once the company starts operation. The refinery built by Alhaji Aliko Dangote, the President of Dangote Group and Africa’s richest man, was commissioned by President Muhammadu Buhari on Monday, May 22, 2023. The inauguration of the Dangote refinery was attended by many dignitaries in and outside Nigeria, including...

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GENCOS: Gas supply challenges responsible for power shortages–Agba

BusinessNewsNigeriaOil & GasGENCOS: Gas supply challenges responsible for power shortages–Agba

By Uzoamaka Ikezue (Staff Reporter)May 19, 2023

Jerry Agba, the Minister of State for Power has said that the challenges associated with power shortages in the country is as a result of gas supply issues with Generation Companies (GENCOS). The Minister disclosed this shortly after the Federal Executive Council meeting presided over by President Muhammadu Buhari on Wednesday, at the Presidential Villa, Abuja. He said that negotiations are on with the Nigeria National Petroleum Corporation Limited (NNPC Ltd) to augment gas supplies...

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Arewa Youths Laments Shortage Of Petrol

NewsOil & GasArewa Youths Laments Shortage Of Petrol

Hassan Umar Shallpella (Regional Correspondent)November 10, 2022

A network of 47 youth groups in Nigeria, Arewa Youths Alliance for Progress and Development (AYAPD) has expressed displeasure over the continued shortage of premium motor spirit (PMS) also known as petrol and wants those responsible to be investigated and erring persons or organizations prosecuted. In a statement jointly signed by Engr Jamilu Shittu Dunkuwa and Comrade James Ishaku as chairman and secretary respectively, AYAPD claimed that the situation has triggered some unpatriotic Nigerians to...

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NNPC Discover 295 Illegal Pipeline Connections

Crime & PunishmentNewsOil & GasNNPC Discover 295 Illegal Pipeline Connections

Hassan Umar Shallpella (Regional Correspondent)November 10, 2022

The Nigerian National Petroleum Company, NNPC, Limited says it has discovered 295 illegal connections to its pipeline. Mele Kyari, NNPC Group/Chief Executive Officer stated this on Wednesday at a Legislative Transparency & Accountability Summit in Abuja, organized by the House of Representatives Anti-Corruption Committee. He said some of the illegal connections have been there for years. “We have seen thousands of illegal refineries that we have taken down in the last 45 months. We have...

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Petrol Subsidy Will End by 2023 — Buhari

NewsOil & GasPetrol Subsidy Will End by 2023 — Buhari

Beloved John (Staff Writer)October 7, 2022

ABUJA — President Muhammadu Buhari has said the costly petrol subsidy will end by 2023. He indicated this on Friday during the presentation of the proposed 2023 budget to the national assembly, in Abuja. Buhari had presented a record N20.51 trillion 2023 appropriation bill to the national assembly, earlier on Friday. He said the subsidy was no longer sustainable considering the current fiscal impact. “As we seek to grow our government revenues, we must also...

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