Brig. Gen. Paul Boroh, the Special Adviser to President Muhammadu Buhari on Niger Delta, says the Federal Government will soon introduce a programme that will end gas flaring in the Niger Delta. Boroh said this on Friday during the inauguration of a water project in Gelegele-Gbene community near Benin in Ovia North East Local Government […]
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The Nigerian National Petroleum Corporation (NNPC) and its joint venture partner, Mobil Producing Nigeria Unlimited, have made commitments to boost oil and gas production in the country. The commitment was made in Abuja, yesterday, when the NNPC Group Managing Director, Mr. Maikanti Baru, received ExxonMobil delegation led by Mr. Jack Williams, Senior Vice President of […]
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French companies sought to win more business in Greece and to play a part in new Greek projects on Thursday, piggy-backing on French President Emmanuel Macron’s two-day visit to Athens. Greece sees Macron’s first visit since he came to power in June as a vote of confidence in its economy, which is slowly emerging from […]
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The Federal Government has offered tax holidays and duty waivers on imported mining equipment to foreign investors in the nation’s mining industry. The Minister of Mines and Steel Development, Dr. Kayode Fayemi, conveyed the offer while speaking on ‘Mining for Shared Prosperity: Why Nigeria, Why Now?’ at the opening session of the Africa Down Under […]
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Amid reservations by some people about the recently signed 20-year Gas Sales Aggregation Agreement (GSAA) between the Nigerian National Petroleum Corporation (NNPC) and Total Joint Venture and the Greenville LNG Limited, the project has been described as the greatest thing to happen to Nigeria’s gas sector in recent times. Chairman of Greenville, Mr. Eddy van […]
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The National Council on Privatisation (NCP), chaired by the Vice President Yemi Osinbajo, has approved the commencement of the privatisation of Afam Power plants 1-5 to enable it inject additional power into the national grid in a bid to improve electricity supply nationwide. The Council has also approved the pursuit of an out-of-court settlement in […]
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The Nigerian National Petroleum Corporation on Sunday announced a crash in prices of Premium Motor Spirit, also known as petrol and cooking gas. This is as a strategic intervention in the efficient supply and distribution of the products across the country. It added that the intervention had also warranted a significant drop in the price […]
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Chairman of Greenville, an oil and gas company, Mr. Eddy van den Broeke, disclosed in Abuja, yesterday, that his company would invest $500 million in the country’s gas sector. He said the investment would be in collaboration with Nigerian National Petroleum Corporation (NNPC)/Total Joint Venture and Gas Aggregation Company of Nigeria. Van den Broeke made […]
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The Ministry of Mines and Steel Development has signed a Memorandum of Understanding (MoU) with the Bank of Industry (BoI) for the management of a ₦5 billion fund in support of Artisanal and Small Scale Miners in the country. Under the arrangement, the Ministry would contribute ₦2.5 billion which would be matched by another ₦2.5 […]
Read More The Nigerian National Petroleum Corporation (NNPC), Tuesday, said the country’s three refineries produced about six million litres of Premium Motor Spirit, PMS, also known as petrol, daily in the month of June 2017. The NNPC in a statement on its recently released Monthly Financial and Operations Report for the June 2017, stated that the refineries […]
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The Department of Petroleum Resources (DPR) has indicated its willingness to collaborate with the Lagos State Government in their quest to develop a road map for oil and gas in the state. This partnership assurance was given by Mr. Wole Akinyosoye, DPR Zonal Operations Controller, Lagos during a courtesy visit to DPR by the Lagos […]
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Foreign investment inflow into the Nigerian oil and gas industry rose to $291.47 million in the first six months of the year, between January and June 2017, according to data released by the National Bureau of Statistics, NBS. The NBS in its Second Quarter 2017 Foreign Capital Importation Report, disclosed that foreign investment inflow into […]
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