Nigeria

Terminal operators waive N1.5bn charges on TCN containers

Container terminal operators in Nigeria waived a princely sum of N1.5 billion on 500 containers carrying power equipment belonging to the Transmission Company of Nigeria (TCN).
 
According to a statement issued by the umbrella body of the operators, the Seaport Terminal Operators Association of Nigeria (STOAN) weekend, the container terminal operators waived the amount on the stranded TCN containers in support of the federal government’s effort to ensure steady supply of electricity in the country.
 

Dangote Refinery returnee graduate engineers promise to fuel scarcity

Desirous of reducing the hardships facing Nigerians, especially occasioned by perennial fuel scarcity in the country, returnee indigenous India- trained graduate engineers of the Dangote Refinery have promised to arrest it. 
 
The said they would deploy the knowledge and skills acquired during the training to ensure Nigeria is saved the embarrassment of fuel scarcity when the refinery come on stream. 
 

NPA moves to take over Apapa Road construction from Ministry of Works

Following the protracted delays by the Federal Ministry of Power, Works and Housing to construct the Tincan Island port access road and ease the gridlock, the Nigerian Ports Authority (NPA) has made a request to the Federal Ministry of Transportation for consideration to have the NPA take over the construction of Tincan Island port access road.
 
The Managing Director of the NPA, Ms Hadiza Bala-Usman disclosed this on Friday while speaking at a stakeholders meeting held in Apapa, Lagos.
 

NNPC is our biggest debtor – PEF

 
 
The Executive Secretary of the Petroleum Equalization Fund (PEF), Ahmed Boboi has said the Nigerian National Petroleum Corporation (NNPC), owes the biggest amount of the percentage yet to be recovered by his organisation.
 
Boboyi, however, did not mention in specific terms the amount owed by the NNPC, adding that “bridging was to supposed to be about 30 to 40 percent but it has gone to almost 90percent but we are still coping”.
 

Literature Prize: NLNG presents $200,000 to winners

Nigeria LNG (NLNG) Limited has formally presented The Nigeria Prize for Literature and The Nigeria Prize for Science to winning entries that emerged from the 2017 edition. A cash prize of $100,000 went to each winner.
 
First prize winner and author The Heresiad, Ikeogu Oke, was awarded a $100, 000 cheque while joint science prize winners Ikeoluwapo Ajayi, Ayodele Jegede, Bidemi Yusuf, Olugbenga Mokuolu and Chukwuma Agubata were awarded the Nigeria Prize for Science, with a cash prize of $100,000, split evenly. The prizes were presented in Lagos on Wednesday.

Does Total’s Egina project sound death knell for OPEC’s production cut deal?

…Egina set to add 200,000 barrels a day by Q4 2018

The oil production cut deal masterminded by OPEC and non-OPEC member countries amid a global push to curb supply and restore a semblance of balance in global oil prices may come under threat once Total Upstream Nigeria Limited (TUPNI) commences production from its 200,000 barrels a day Egina Field offshore Nigeria by the fourth quarter of 2018.

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