LONDON (Reuters) – Commodities trader Vitol has signed a 10-year deal with Nigeria Liquefied Natural Gas (NLNG) to buy 500,000 tonnes of LNG per year, ramping up its long-term presence on the market. Commodity houses, including Vitol rivals Trafigura and Gunvor, are increasingly expanding their traded spot cargo volumes with multi-year LNG deals as a…
Ebonyi State Government on Tuesday sacked all contractors handling the construction of the State International Market along Abakaliki/Ogoja highway. According to the government, Governor David Umahi approved their disengagement following slow pace of work at the site. Recall that January 10th was slated for the commissioning and relocation of the traders but the Governor shifted…
Delta Government on Tuesday approved 11 new roads in the state for construction. Commissioner for Works, Chief James Auguye, disclosed this to newsmen at the end of the state’s Executive Council meeting in Asaba. The roads approved for construction are; Oniore/High Court road, Orerokpe; Obi Azikwuo Street, Boji Boji, Owa; Alika Street in Boji Boji,…
…As CEO Total E&P Nigeria pays courtesy visit The Department of Petroleum Resources (DPR), Port Harcourt Zonal office, has urged the public to switch to gas as the use of DPK popularly known as kerosene is dangerous. Zonal Controller of DPR, Bassey Nkanga, who stated this explained that there was a tendency among some unscrupulous…
LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa, is pleased to announce that, further to its announcement on 13 January 2020, it has reached an agreement with Optimum Petroleum Development Company, the Operator of the OPL 310 License, on deferring the company’s financial and operational obligations…
The Department of Petroleum Resources (DPR) Kaduna Zonal Office, on Tuesday confiscated 20 pieces of 12.5kg expired and burnt gas cylinders undergoing refurbishing for use. DPR officials also ordered the arrest of the owner of the welding shop where the cylinders were being refurbished and four others working with him. Operatives of the Nigerian Security…
The Nigeria Computer Society (NCS) on Monday called on the Federal Government and relevant agencies to implement policies to ensure cyber stability in the country. The professional body made the call in a communique issued at the end of a stakeholders’ meeting on National Cyber Security Challenges by NCS, Edinburgh Napier University, UK and Soft…
When the Nigerian Power Sector Reforms started in 2005, there was optimism that the country would get its act together within the next few years and increase its power generation, transmission and distribution to be able to meet the demands of its huge populace. The hope was hinged on the private sector’s involvement after the…
It is a pleasure to join you at this special side event organized as part of the UK-Africa Investment Summit. Let me congratulate the organizers, the Department for International Development (DFID) and Her Majesty’s Trade Commissioner for Africa for hosting us today. The DFID is a key strategic partner of the African Development Bank (AfDB.org)…
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has decried the activities of pipeline vandals whose nefarious act torched parts of the corporation’s pipeline network in Abule Egba area of Lagos State on Sunday which claimed lives and properties of innocent Nigerians. Fielding questions on an NTA morning…