The Federal High Court sitting in Abuja will on Monday, October 14th, 2019, ruled whether the Bureau of Public Enterprise, BPE has committed contempt, for not implementing the June 6th, 2012 judgment of the Supreme Court on the Aluminium Smelter Company of Nigeria, ALSCON. ALSCON a $3.2billion aluminium plant located in Ibekwe, Ikot Abasi Local…
*L-R: Managing Director, Nigeria Agip Oil Company, Lorenzo Fiorillo; Managing Director, The Shell Petroleum Development Company of Nigeria Limited and Country Chair, Shell Companies in Nigeria, Osagie Okunbor; Chief Operating Officer Upstream, Nigeria National Petroleum Corporation, Rabiu Bello; and Managing Director, Total Exploration and Production Nigeria, Nicholas Terraz, after signing the Final Investment Decision Charter…
Mr. Muhammad Abubakar, the Director, Abuja Liaison Office, Nigerian Shippers Council, has urged stakeholders in the sector to patronise the Kaduna Inland Dry Port to enjoy its benefits. Abubakar made the call at the Abuja Shippers Association’s Second Quarter General Meeting in Abuja, saying stakeholders stood a chance to gain more and incur less operating cost if they…
The Nigerian National Petroleum Corporation (NNPC) said it recorded a trade surplus of N6.33 billon for the month of May, 13 per cent higher than the N5.60 billion surplus made in April. The corporation disclosed this in its Monthly and Operations report (MFOR) released on Sunday in Abuja It attributed the rise to the increase in…
Crude oil vessel. In a bid a attract buyers, the Nigerian National Petroleum Corporation, NNPC, lowered prices of the country’s crude grades, SweetcrudeReports has learned. Price schedules seen by this newspaper indicated that NNPC lowered the August price premiums for Bonny Light crude to 163 cents per barrel from 204 cents in July. The Corporation also crashed…
The Nigerian National Petroleum Corporation (NNPC) said it recorded a trade surplus of N6.33 billon for the month of May, 13 per cent higher than the N5.60 billion surplus made in April . The corporation disclosed this in its Monthly and Operations report (MFOR) released on Sunday in Abuja It attributed the rise to the…
The Council of the International Maritime Organization (IMO) has condemned recent attacks on commercial shipping in the Strait of Hormuz and Sea of Oman at its meeting in London held July 15-19. After debate, the IMO Council decided to condemn the attacks and expressed its concern over the grave danger to life and the serious…
Angry indigenes of Diebiri and Batan communities in Warri South West Local Government Area have shut down a flow station in OML 42, operated by the Nigeria Petroleum Development Company, NPDC, a subsidiary of the Nigeria National Petroleum Corporation, (NNPC) over recent appointments made by the Delta State government. The protesters shut down the flow…
The Nigerian Navy on Friday paraded nine suspected illegal petroleum dealers arrested during their operation on the Igbokoda coastal-line in the Ilaje Local Government Area of Ondo state. The suspects were arrested with 92 drums of illegally-refined and adulterated Petroleum Motor Spirit (PMS), which were presented as exhibits. The suspects were Marvelous Kalejaiye, Chuckwuma Oyeyemi,…
The Board of the Nigerian Ports Authority (NPA) has approved the appointment 10 new General Managers and 18 Assistant General Managers for the organization. The new appointments come on the heels of an earlier appointment and redeployment of Port Managers and other senior officials. With the new promotions, the former Port Manager of Lagos Port…