Africa’s richest man and industrialist, Alhaji Aliko Dangote, said yesterday he wouldn’t have attempted his $20 billion refinery, if he knew the magnitude of the facility. He also expressed commitment to empowering Nigerian engineers and building local capacity through large-scale industrial projects. Dangote, who stated this while receiving a delegation from Lagos branch of the…
A joint venture project developing the first marine fuel facility for liquefied natural gas in the U.S. Gulf Coast has secured final permits and construction is expected to begin later this year, executives involved said on Monday. The global shipping industry has been looking for fuel solutions to cut carbon emissions, with LNG seen as…
The Socio-Economic Rights and Accountability Project has urged the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mr Bayo Ojulari, to account for the N500bn which, according to a World Bank report, the NNPCL failed to remit to the Federation Account between October and December 2024. In a Freedom of Information request…
The President and Chief Executive of the Dangote Group, Mr. Aliko Dangote, has visited the Nigerian National Petroleum Company Limited (NNPC) in an apparent move to mend the strained relationship between both companies during the leadership of the erstwhile Group Chief Executive Officer, Mr Mele Kyari. In a message on its X handle, the national…
The Minister of state for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has called for collaboration between Nigeria and Ghana in resolving their common energy issue’s. This, he said could be achieved under the auspices of the African Petroleum Producers Association, APPO, by working together, sharing experiences and providing common solutions to their energy problems in…
The allegation of fraud against the Nigerian National Petroleum Company Limited, NNPCL, has taken a new dimension as the Economic and Financial Crimes Commission (EFCC) is intensifying its investigation into the financial mismanagement, focusing on approximately $2.96 billion allocated for refinery repairs. Several high-ranking former officials, including former Managing Directors of the Port Harcourt, Warri,…
Nigeria Content is not about “Nigerianisation” or exclusion of Foreign participation in the Oil Gas Industry, rather it is about value creation in Nigeria by encouraging the involvement of multinationals and original equipment manufacturers in a mutual beneficial manner. The Executive Secretary, Nigerian Content Development and Monitoring Board, NCDMB, Engr.Felix Ogbe, made the assertion at…
The Minister of Solid Minerals Development, Dr. Dele Alake, has announced an accrued N6.9 billion revenue from the mining sector into the Federal Government’s coffers in the first quarter of the year. A statement by the minister on Monday said FG collected an impressive N6,957,826,200 in mining fees and registered 118 new private mineral buying…
The Federal Government says plans are at an advanced stage to establish the first Renewable Energy University in Nigeria. The university is to be established in partnership with some development partners. The Managing Director/Chief Executive Officer of the Rural Electrification Agency, Abba Aliyu, stated this at a Roundtable held in Victoria Island between the REA…
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has announced that the Kaduna Refinery project has reached 81% overall completion. This was made known by the Chief Executive Officer of NMDPRA, Farouk Ahmed during an event in Abuja. According to him, the initiative is aimed at not just reducing fuel imports but also protecting…
