Port Harcourt Refinery The Nigerian National Petroleum Company Limited has signed an agreement with the African Refinery Port Harcourt Limited for the subscription of 15 per cent equity by ARPHL in the Port Harcourt Refining Company. Parties in the deal …
Read More »
After days of sustained bearish trading, the Nigerian exchange recorded a 0.05 per cent increase in the All-Share Index as investors gained N26bn. The local bourse has been on a bearish run for days, which has seen the major indexes …
Read More »
The Federal Government through the Central Bank of Nigeria has been urged to sustain recent moves and policies being rolled out to stabilise the naira. The Chief Executive Officer of Pelican Valley Nigeria Limited, Babatunde Adeyemo, who dropped the hint …
Read More »
Aliko Dangote Chinese state energy major, PetroChina, has been waiting to unload a cargo of United States crude at Nigeria’s giant new refinery for nearly a month due to payment issues, according to four trading sources and shipping data, Reuters …
Read More »
Oil worker To purchase crude oil, modular refineries are to now pay 80 per cent of the amount in the United States dollar, while 20 per cent is to be paid using the local currency – naira, it was gathered …
Read More »
The Nigerian Civil Aviation Authority has suspended the Air Operators Certificate of Dana Air. This came barely 24 hours after Dana Air plane coming from Abuja landed at the Lagos airport runway and veered off into a nearby field. Dana …
Read More »
Alhaji Aliko Dangote The Dangote refinery has been ranked above the 10 biggest refineries in Europe because of its capacity, according to data compiled by Bloomberg. The $20bn Dangote refinery can refine 650,000 barrels of petroleum products per day. The …
Read More »
Lokpobiri, Minister of State for Petroleum Petroleum Resources The face-off between the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, and the former Executive Secretary of the Nigerian Content Development and Monitoring Board, Simbi Wabote, took a new twist …
Read More »
Oil marketers have continued to dispense Automotive Gas Oil, popularly called diesel, at a price between N1,350/litre and N1,450/litre in various locations across the country despite repeated cuts in the price of the commodity by the Dangote Petroleum Refinery. Although …
Read More »
Cardoso, CBN Governor The naira depreciated further against the United States dollar at the official market on Tuesday, closing at 1,300/$. This came as the Central Bank of Nigeria stepped up efforts to stem the tide, selling more dollars to …
Read More »
Godwin Emefiele, Former CBN Governor The Economic and Financial Crimes Commission has filed a fresh charge at the High Court of the Federal Capital Territory against the embattled former governor of the Central Bank of Nigeria, Godwin Emefiele. EFCC in …
Read More »
The Presidency has said it is set to launch about 2,700 Compressed Natural Gas-powered buses and tricycles before May 29 when President Bola Tinubu turns one year in office. It said the federal government was set to deliver 100 conversion …
Read More »
Minister of State for Agriculture and Rural Development, Sen. Heineken Lokpobiri The Federal Government says it is reviewing loans and projects estimated at $500m executed by the Nigerian Content Development and Monitoring Board. The Minister of State for Petroleum Resources …
Read More »
The Federal Government, through the Nigeria Shippers Council, has stated that it will mandate port service providers and users to register on the council’s online portal by the third quarter of 2024. The Executive Secretary of the NSC, Pius Akutah, …
Read More »
Aliko Dangote The Independent Petroleum Marketers Association of Nigeria says it is expecting that the Dangote refinery will reduce the price of its diesel further to say about N700 per litre. The National Vice President of IPMAN, Hammed Fashola, stated …
Read More »
Mrs. Bola Adesola is the Managing Director and Chief Executive Officer of Standard Chartered Bank Limited, Nigeria. Bola also provides leadership for the bank’s business in West Africa to drive the continued strengthening of Standard Chartered Bank’s franchise in the …
Read More »
President Tinubu The news that President Bola Tinubu has set up a committee for the implementation of National Single Window platform should not be a thing of joy but a moment of reflection for stakeholders. This is subject is as …
Read More »
The management of the Nigerian Shippers’ Council(NSC) recently bent towards the cries of Nigerian shippers by suspending the new haulage rate on Eastern ports. It was said to be for two weeks only! The question therefore is: What do they …
Read More »
Before now, the federal government, importers, exporters, clearing agents and other road users were losing several billions of naira to traffic gridlock, illegal activities on the entry points to the Apapa and Tin-Can Island seaports- Apapa-Ijora and Apapa-Oshodi expressway on …
Read More »
BY ENYERIBE AYANWU Until March 2023, the headquarters of the Nigerian Maritime Administration and Safety Agency (NIMASA) was No. 4 Burma Road Apapa, Lagos. That is where the headquarters of the apex national maritime regulatory agency has been since its …
Read More »
MMS PLUS NG – Maritime, Aviation, Business, Oil and Gas News Online Newspaper with coverage in Maritime, Oil and Gas, Aviation, Power and Energy as well as Financial News
