Energy

“Dangote refinery will solve fuel supply challenge”

Lagos State Governor, Mr. Akinwunmi Ambode, on Tuesday said the largest single line refinery in the world being developed at the Lekki Free Trade Zone by Alhaji Aliko Dangote will change the face of oil and gas business in the West African region. Governor Ambode, said this at the LFTZ during an extensive inspection tour […]

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US pushes ahead with electricity plan for Nigeria

The United States government is pushing ahead with its plan to boost electricity supply in Nigeria through the Power Africa initiative. The US Consul General, John Bray, and the Director for Nigeria, US Agency for International Development Mission, Michael Harvey, visited Edo State on July 26 – 27 to assess the progress of partnered investments, […]

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Airlines to scale down operations over fuel scarcity

As the scarcity of aviation fuel persists, domestic airlines in the country have said that they may be forced to scale down their operations if nothing is done to ameliorate the situation. Many airline operators, according to Punchng on Wednesday said that aviation fuel, also known as Jet-A1, was being bought at cut throat prices ranging from […]

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Indian refiners choose Malaysia oil over Nigeria’s oil

A number of Indian state-owned refiners have been actively picking up Malaysian oil cargoes for loading in July and August amid growing uncertainty over the exports of Nigeria’s crude grades, according to regional sweet crude traders. In a report by Punchng, Bharat Petroleum Corporation Limited on Monday issued a spot tender to purchase several Malaysian […]

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