How Nigeria ‘accidentally’ discovered 206trn cubic feet gas reserve –Sylva

Minister of State for Petroleum, Chief Timipre Sylva, has said that the country accidentally discovered 206 trillion cubic feet of gas reserves while in search of crude oil. Sylva, who disclosed this in Abuja , said that the country could…

Sen Albert Akpan backs FG on subsidy removal – Princess Mikky Attah

Concerning Nigeria’s crude oil- Nigeria is the largest producer of oil in Africa today, and is the 10th largest in oil production worldwide. Paradoxically, Nigeria imports the petroleum it needs to meet domestic demand. Worse, over 70% of Nigeria’s annual…

Dangote targets $600m annual Africa cement export

President of Dangote Industries Limited, Aliko Dangote, has restated his Group’s commitment to Nigeria’s economic development through continuous innovation, value creation and investments. This is just as he disclosed that Dangote Cement’s exports to other countries are targeted to rise…

DPR warns against price hike during festive period in Cross River (Nation)

The Department of Petroleum Resources (DPR) in Cross River State has warned marketers against hiking the pump price of petroleum products during the festive season. DPR Operations Controller in the state, Mr Bassey Nkanga, who spoke during the fourth quarter…

Documents show ‘broke’ NNPC stacked trillion naira debt, unable to meet commitments (PremiumTimes)

The Nigerian National Petroleum Corporation (NNPC) was unable to meet its debt obligations as due in January, as a result of inadequate finances, documents seen by PREMIUM TIMES have shown. The national oil company was also encumbered by huge outstanding…

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