Tag: Petroleum Resources

News

Ondo NSCDC recovers 163,000 litres of adulterated petroleum products

The Ondo State Command of the Nigeria Security and Civil Defence Corps, said a total of 163,000 litres of adulterated petroleum products were seized in 2022.   BusinessDay reported that the commandant of the corps, Olayinka Olatundun revealed this on Wednesday while speaking with newsmen on their operational scorecard for the year 2022 at the […]

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Petrol importation gulps N16.9tn under Buhari – Report

Despite the promise to put an end to the importation of petrol, no less than N16.9 trillion has been spent on importing fuel by the President, Major General Muhammadu Buhari’s (retd), regime. This was contained in data from the National Bureau of Statistics and the Nigerian National Petroleum Company Limited. Since the present administration took […]

petrol pump
Business News

Petroleum marketers demand access to forex

The Depots, and Petroleum Products Marketers Association of Nigeria on Tuesday asked the Federal Government to allow its members access foreign exchange at the official rate. The association said such gesture would boost fuel supply across the country. The DAPPMAN’s Chairman, Mrs Winifred Akpani, while speaking during a press conference in Lagos State, said accessing […]

Buhari unveils SDG financing framework
Oil and Gas

Buhari launches Pinnacle’s $1bn terminal at LFTZ

The President, Major General Muhammadu Buhari (ret’d) inaugurated the Pinnacle Oil and Gas FZE Terminal in Lekki Free Trade Zone of Lagos on Saturday saying the operations of the facility would ease congestion at the Apapa Port area. The President, in a video recording of the inauguration ceremony, said this new facility would reduce cost […]

Energy

Nigeria’s gas revolution will lift West Africa’s energy –Sylva

Minister of State for Petroleum Resources, Timipre Sylva, has said that the West African sub-region can become energy self-sufficient as a result of Nigeria’s gas revolution. Sylva said the Nigerian government was working on a Roadmap to Gas-Powered Economy by 2030 which requires input by stakeholders in the sector. The minister spoke at the Decade of […]