The Dangote refinery in Nigeria, Africa’s biggest and newest crude processing facility, is set to soon begin production of gasoline, potentially upending global gasoline flows. For years, Nigeria has been importing the gasoline it consumes, but the newly operational refinery is poised to turn OPEC’s largest African crude oil producer from a gasoline importer to…
The co-chair of the Bill & Melinda Gates Foundation, Bill Gates is visiting Nigeria this week, as part of the foundation’s ongoing commitment to Africa’s development. Gates will be meeting with national and local leaders, partners, grantees, and innovators to discuss advancing health, innovation, and nutrition across Africa. Gates, alongside other foundation leaders, will meet…
The lingering fuel crisis in the country may last longer as the nation’s oil company, the Nigeria National Petroleum Company Limited (NNPCL) has admitted to owing petrol suppliers to the tune of about $6 billion. Nigerians have not had it so good this year as fuel queues have dotted filling stations across the country, with…
The announcement of the Nigerian National Petroleum Corporation Limited (NNPCL) on being unable to sustain fuel supply is a game plan, according to experts. On…On Sunday, Chief Corporate Communications Officer of the NNPCL, Olufemi Soneye, admitted that the national oil company is owing suppliers, but did not specify the exact amount.“NNPC Ltd has acknowledged recent…
Electricity distribution companies, otherwise known as DisCos, were unable to take the full power generation in recent period, underlining a major challenge in the electricity supply chain. Minister of Power, Chief Adebayo Adelabu, yesterday said that power generation had peaked at 5,170 megawatts on Friday, August 30, 2024 but this had to be ramped down by…
Former Vice President, Atiku Abubakar has criticised the Nigerian National Petroleum Company Limited (NNPCL) for its lack of transparency following the company’s admission of a $6 billion debt to petrol suppliers.This admission made public on Sunday, September 1, has explained the fuel scarcity that has plagued the nation for six weeks. The Chief Communications Officer…
Raising the windfall tax on the UK’s oil and gas companies will hit the government’s main goal of growing the economy, the industry has warned. Offshore Energies UK (OEUK) said the planned hike would cause investment in the sector to plunge and result in a loss of £13bn to the UK economy from 2025 to…
The Nigerian National Petroleum Company Limited has stated plans to engage reputable operations and maintenance companies for the Warri Refining and Petrochemical Company and the Kaduna Refining and Petrochemical Company. The NNPC, in a notice on its website, said this was to ensure reliability and sustainability to meet the nation’s fuel supply and energy security…
So much of Nigeria’s resources have been wasted under elaborate maintenance that leaves the refineries poorer than they were and their managers richer than they should have been. Originally scheduled for completion in 2019, the refurbishment and upgrade of the Port Harcourt Refinery, located in Nigeria’s oil-rich Niger Delta region, have remained at the promised…
The Medical and Health Workers Union of Nigeria (MHWUN) has called on the federal government to pay the seven months’ salary arrears of its members. Kabiru Sani, president of MHWUN, spoke on Friday at the national executive council (NEC) meeting of the union in Abuja. Sani said the government should also address the issue of…
