Energy

International oil refineries are attracting marketers by offering enticing credit arrangements.

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August 24, 2023
In an attempt to aid Nigerian oil marketers in overcoming the challenge of a shortage of dollars within the country, foreign crude oil refiners have initiated the provision of credit facilities. A reliable source has indicated that foreign refiners opted to extend credit facilities to Nigerian oil marketers due to concerns about potentially losing a significant market. This was prompted by the…
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BlockchainEnergy

Shell appoints a new managing director for the gas arm

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July 6, 2023
Shell has announced the appointment of Ralph Gbobo as the Managing Director of its gas distribution company, Shell Nigeria Gas Limited, with effect from July 1, 2023. Ralph succeeds Ed Ubong who has taken up a new position within the Shell group. Until this appointment, Ralph was the Manager, Commercial and Non-Operated Venture of Shell Petroleum Development Company of Nigeria Limited and Shell…
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Energy

NNPC Grants Dangote License To Import Fuel

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June 14, 2023
Barring all unforeseen circumstances, Dangote imported fuel will soon enter Nigerian market as the Nigerian National Petroleum Company Limited (NNPCL ) has granted the Chairman of Dangote Group and President, Dangote Refinery and Petrochemical Company, Alhaji Aliko Dangote, licence to begin the importation of Premium Motor Spirit (PMS) or petrol into the country pending the completion of the…
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Energy

NNPCL needs huge investment to meet demand – Dangote

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May 11, 2023
The Nigerian National Petroleum Company Limited needs to roll out massive investments in terms of oil and gas to meet the demand for these commodities, Africa’s richest man and Chairman, Dangote Group, Aliko Dangote, has said. He said the national oil firm should invest…
Energy

FG manages biometric technologies to prevent illegal mining.

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May 7, 2023
The Federal Government, through the Ministry of Mines and Steel Development, has stressed that biometric data capture for registered artisanal and small-scale miners will lessen the rate of illegal mining and smuggling in the country. This was disclosed in a statement from the ministry signed by the Head of Press Department, Funmi Imuetinyan. The statement quoted the Minister of Mines and Steel…
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