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Daily Archives: December 6, 2018

NPA remitted N11.3 billion 2018 surplus to government, says Bala Usman

NPA targets revenue of N276 billion this year

The Managing Director, Nigerian Ports Authority (NPA), Hadiza Bala Usman, said the Authority had remitted over N11.3 billion being part of the 2018 business operations’ surplus to the Federal Government coffers this year. Bala Usman, who made this known in ...

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NCDMB to support establishment of two modular refineries

NCDMB to support establishment of two modular refineries

• Plans 10-year R&D roadmap  By 2019, the Nigerian Content Development and Monitoring Board (NCDMB), will support the establishment of at least two more modular refineries in Nigeria. It is also planning to participate in the Liquefied Petroleum Gas (LPG) ...

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NNPC promises abundant fuel supply nationwide

NNPC promises abundant fuel supply nationwide

Threat by oil marketers to shut down depots over unpaid subsidy may not cause scarcity of petrol as the Nigerian Petroleum Corporation (NNPC) promised to make the product abundantly available across the country. During an oversight visit to the NNPC ...

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OPEC meets as Trump calls for oil taps to be kept on

OPEC sees tighter 2019 market as Nigeria, others defy cuts

OPEC members and other oil-producing countries gather in Vienna on Thursday to discuss cutting output to prop up prices, as US President Donald Trump urged them to keep the faucets open. Oil ministers from 20 or so countries busily criss-crossed ...

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NIMASA challenges piracy reports on Nigerian waters

Nigerian waters remain high risk for criminality, says report

The Director-General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, has called on the International Maritime Bureau (IMB) to ensure fairness and balance in its reportage of piracy issues on Nigeria’s territorial waters. Peterside regretted what he described as ...

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