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AKK Gas Pipeline to revive deteriorating industries in Nigeria

On Tuesday, using a virtual platform, President Muhammadu Buhari launched the construction of the 40-inch x 614km Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline project.

Chevron Nigeria to acquire Sasol’s Escravos gas-to-liquids plant

South African petrochemical firm, Sasol, said it would sell its indirect interest in the Escravos Gas-To-Liquids (EGTL) asset in Nigeria to Chevron...

Oando celebrates commencement of Nigerian gas pipeline project

JSE-listed Oando attended as a consortium partner at the flag-off ceremony for the construction of the $2.8-billion, 40-inch and 614 km Ajaokuta-Kaduna-Kano...

Non-performing oil sector loans hit 26%

Nigeria’s banking system exposure to the oil and gas industry stood at 26 percent as at April 2020, indicating that over 25...

DPR vows to avoid past mistakes in 2020 marginal oilfield bids

The Department of Petroleum Resources (DPR) says there will not be a repeat of past mistakes made in previous exercises in the...

FG flags-off construction of 614km Ajaokuta-Kaduna-Kano gas pipeline

…As NNPC sets 24-month completion date The Federal Government’s aspiration to boost domestic utilisation of gas in Nigeria will...

PPPRA dumps price-fixing model for PMS

…To develop Code of Conduct for operators in new pricing regime The Petroleum Products Pricing Regulatory Agency (PPPRA) says...

NCDMB inaugurates new Sectorial Groups in virtual NCCF meeting

…With emphasis on maximizing gas development and utilization The Nigerian Content Development and Monitoring Board (NCDMB) recently held a...

FG inaugurates committee to review domestic gas pricing

The federal government of Nigeria has inaugurated a committee to review and evaluate the pricing framework of domestic gas in furtherance of...

Covid-19: DPR expresses concern, urges oil workers to follow rules

The Department of Petroleum Resources (DPR) has said oil industry personnel in Nigeria must follow COVID-19 rules, even those working for the...

Deutsche Bank completes $3bn hybrid corporate financing for Nigeria LNG

Deutsche Bank Luxembourg S.A. has completed a landmark US$3 billion Export Credit Agency (ECA)-backed hybrid corporate financing for Nigeria LNG Limited (NLNG)...

Nigerians bid to sue Shell in U.K. over oil-spill pollution

Thousands of Nigerians are asking British judges to give them permission to sue Royal Dutch Shell Plc in London over environmental damage...
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Hellenic Shipping reports dip in Nigerian cargo import volume

…Experts forecast NGN1bn daily loss The economic effects of the novel coronavirus (COVID-19) may begin to manifest in the...

C&I Leasing raises N2.3bn fresh capital to boost operations

C & I Leasing Plc has raised about N2.26 billion through a rights issue to boost its operation. The company had set...

LASWA deploys safety systems on waterways ahead of bridge closure

The Lagos State Waterways Authority (LASWA) says it has deployed measures to ensure maximum safety for commuters who choose waterways, following the...

NIMASA, Customs to address Temporary Import Permit abuse

The Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigeria Customs Service (NCS) have agreed to join forces to close loopholes...