Daniel Terungwa The Managing Director of the Nigerian Ports Authority, Hadiza Bala-Usman, has blamed the Nigeria Customs Service (NCS) for frustrating the NPA’s efforts towards decongesting the Apapa port. Bala-Usman claimed that the Customs are yet to acquire scanners to inspect cargo at the port, since President Muhammadu Buhari’s approval in 2008. The NPA Boss,…
By Ikenna Omeje Oil price neared $70 per barrel on Monday, as Brent crude, the global oil benchmark, sold for $69.34 per barrel as at 12:13 pm (WAT), according to information obtained by Majorwaves from Oilprice.com price chart. This is coming four days after the Organization of Petroleum Exporting Countries (OPEC) and its allies, known…
Fifteen teams have emerged as regional semi-finalists in the first Nigerian Content Science and Technology Innovation Challenge (STIC) which was opened to all higher institutions in Nigeria in November 2020. The competition is sponsored by the Nigerian Content Development and Monitoring Board (NCDMB) and its implementing partner-Enactus Nigeria and the semi-finalists are from higher institutions…
Power and Energy stakeholders are set to brainstorm at the 2nd edition of Nigeria Power Outlook scheduled to hold in an hybrid form ( In-person/Virtual) between 28th-29th, April, 2021 at the Civic Center, Victoria Island, Lagos, Nigeria. The theme of the 2-day event annually organized by Eventhive.ng is ‘ The Pathways For Growth’. Building on…
By Ikenna Omeje The Governor of Lagos State, Babajide Sanwo-Olu, on Thursday said that the state government has formally sealed a Joint Venture Agreement with a Chinese firm — CIG Motors Limited — for the establishment of a vehicle assembly plant in the state. This was part of the bilateral agreements reached by the state…
… Thanks Sylva for His Role As Special Envoy By Ikenna Omeje The Organization of Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, withheld 2.3 billion barrels of oil between April 2020 and January 2021, in its commitment to accelerating the oil market rebalancing. This was disclosed at the 14th Meeting of OPEC…
Mordi chukwunonso Esther The Petroleum Technology Association of Nigeria (PETAN) is set to host the fifth Sub Sahara Africa International Petroleum Exhibition and Conference (SAIPEC) scheduled to hold at the Eko Convention Centre, Eko Hotels, Lagos, Nigeria and Virtually, on 19 – 21 May 2021. This was disclosed via a press release signed by the…
Mordi chukwunonso Esther Fuel retailers have accused private depots of seeking to make excessive gain from the current fuel scarcity being experienced across the country. Mr. Billy Gillis-Harry, National President, Petroleum Products Retail Outlets Association of Nigeria, PETROAN, in a statement, said private depot owners have jerked up the ex-depot price of petrol as a…
By Ikenna Omeje In its continuous drive to deepen gas utilization in Nigeria, the Federal Government, through the Ministry of Petroleum Resources, will formally launch The Decade of Gas programme on March 29, 2021. The hybrid event, which is sponsored by the Nigeria Liquefied Natural Gas (NLNG), is a pre-summit conference of the 2021 Nigeria…
Daniel Terungwa The Department of Petroleum Resources (DPR) has warned marketers against hoarding of Petroleum products in their outlets. This was contained in a press release signed by the Head, Public Affairs, DPR, Mr Paul Osu. The Director/CEO DPR, Sarki Auwalu according to the release, gave the warning following the emergence of queues in retail…