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We have achieved 35% of Nigerian content in 2021- Wabote

Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB),  Engr. Simbi Kesiye Wabote, has said that the board has achieved 35 per cent Nigerian...

Four Foreign Oil Firms Seek Stakes In Dangote Refinery As Completion Date Near

  Four foreign-based oil firms have shown interest in acquiring stakes in the Dangote Refinery, which is expected to be commissioned by the first quarter...

French oil giant, Total changes name, becomes TotalEnergies

French oil giant, Total, at the Ordinary and  Extraordinary Shareholders’ Meeting on Friday, its shareholders approved almost unanimously, the resolution to change the company’s...

Tanker laden with petroleum product bursts into flames at Otedola Bridge

A tanker conveying petroleum product on Friday caught fire at the Michael Otedola Bridge along the Lagos –Ibadan Expressway. Mr Ibrahim Farinloye, the Acting Zonal...

NNPC records 314% increase in Trading Surplus in February

The state-run Nigerian National Petroleum Corporation (NNPC) has announced a ₦39.85billion trading surplus for the month of February 2021 representing a massive 314.24% leap...

OML 118: NNPC, SNEPCo, Others Sign Multibillion Dollar Bonga Deep-Water Agreement

  BY KAYODE EKUNDAYO .Deal to Yield Over $780million in Immediate Revenues to Government The Nigerian National Petroleum Corporation (NNPC) and its Production Sharing Contract (PSC) partners...

Nigeria’s Central Bank Moves Official Exchange Rate To N410.25

    From Kayode EKUNDAYO The Central Bank of Nigeria (CBN) has finally adopted the Investors & Exporters (I&E) foreign exchange rate as its official rate. The regulatory...

Petrol tanker explodes in Lagos

A tanker conveying 45,000 litres of Premium Motor Spirit (PMS) on Tuesday morning crashed and exploded at Banire/Ejigbadero Bus Stop, in Egbeda area of...

PEARL, Canadian Energy Solutions partner to boost Nigerian Oil and Gas sector

Pacegate Energy and Resources Limited (PEARL), an arm of Pacegate Limited, recently launched an ultra-modern manufacturing plant where drilling chemicals, water and oil-based production...

NNPC Spokesman, Obateru, Bags NIPR Fellowship

The Nigerian Institute of Public Relations, (NIPR) on Thursday in Bauchi at its Annual General Meeting, conferred the prestigious Fellowship Award on Dr. Kennie...

Protests in Kaduna State: Oil union puts members on red alert

Protests in Kaduna State: Oil union puts members on red alert The National Leadership of National Union of Petroleum and Natural Gas (NUPENG), has...

Passage of PIB will not go beyond June, Minister assures

The Minister of State for Petroleum Resources Chief Timipre Sylva has said that the passage of the Petroleum Industry Bill (PIB) before the National...
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Lagos begins demolition of structures under power lines

The Lagos State Building Control Agency, (LASBCA), said it would embark on demolition of illegal structures constructed under high tension cables and others. A statement...

Lekan Akinyanmi in full control of Lekoil Nigeria

Lekan Akinyanmi remains in full control of Lekoil Nigeria Limited (Lekoil Nigeria), the company officially recognized by the Nigerian government as custodian of some...

Firm to set up 1GW solar panel manufacturing factory in Nigeria

Solmont Technologies, an OEM, plans to construct a 1,000 MW per annum solar panel manufacturing facility in Ondo State, Southwest Nigeria. The factory is...

OAU to begin electricity generation, distribution

The Vice-Chancellor of the Obafemi Awolowo University (OAU), Prof. Eyitope Ogunbodede, has announced that the University has obtained the license to distribute electricity to...