As part of the management of Port Harcourt Refining Company (PHRC) has announced its readiness to commence the production of Aviation Turbine Kerosene (ATK) popularly known as aviation fuel.
This part of efforts the Nigerian National Petroleum Corporation (NNPC), to reposition company for profitability in line with the 12-point agenda.
The Managing Director of PHRC, Dr. Bafred Enjugu, who disclosed this in a presentation made to the Group Managing Director of NNPC, Dr. Maikanti Baru, during an official tour of the 210, […]
It was gathered that the Economic Community of West African States, ECOWAS, said its collaboration with the West African Agricultural Productivity Programme (WAAPP) would improve agricultural production and increase food security in member states.
Tchambakou Ayassor, the Commissioner for Agriculture, Environment and Water Resource for ECOWAS, disclosed this in Abuja on Tuesday in an interview with the News Agency of Nigeria, NAN.
Mr. Ayossor said that the WAAPP has been in line with ECOWAS aims at improving agricultural productivity and increase the […]
It was gathered that the Independent National Electoral Commission (INEC) on Tuesday denied complicity in the alleged printing election Result Sheets in Rivers State.
The commission in a statement by its secretary, Mrs. Augusta C. Ogakwu, said the grave allegation of complicity in this illegality is of great concern to the Commission, stressing that it is liaising with the Security Agencies, particularly the Police, to unravel the circumstances surrounding the fraudulent activity.
This comes as a pro-democracy group, Alliance in Defence of […]
Shoe manufacturers in Aba, Abia State have called on the state government to ensure that shoe production contracts through government intervention are not hijacked by politicians.
The Chairman of the Powerline Shoe Manufacturers Association of Nigeria, Goodluck Mmeri, made the call in Aba on Wednesday in an interview with the News Agency of Nigeria.
He warned that if the opportunity to improve consumption of Aba-manufactured shoes by government agencies was mishandled, it would result in perpetual disdain for the products.
Mmeri said that […]
According to reports, the Governor of the Central Bank of Nigeria, Godwin Emefiele, on Tuesday said that the Federal Government has spent N23bn in promoting local production of rice, soya bean, sugar and other important produce.
Emefiele, represented by his Special Adviser on Development Finance, Mr. Paul Eluhaiwe said spoke in Kebbi after inspecting the Wasagu Soya bean project and launching of the dry season farming.
The Soya bean project is a partnership between Kebbi government and International Capital Market Group commodity […]
According to reports, the federal government said it will increase the country’s natural gas production to 10 billion standard cubic feet per day (bscfd) by 2019 with the implementation of the new roadmap for the oil and gas industry, tagged 7 Big Wins.
The current average daily production is 6.8bscf.
The government also said it had secured over $2 billion commitment from potential investors in the Gas Export Processing Zone (EPZ) in Delta State.
The minister of state for petroleum resources, Ibe Kachikwu, […]
It was gathered that the Nigerian National Petroleum Corporation (NNPC), will soon commence the first large scale commercial bio-fuel venture as alternative to fossil fuel, Dr Maikanti Baru, Group Managing Director (GMD), has disclosed.
Baru made the disclosure on Wednesday in Abuja at a two-day Environment Dialogue, titled `Diversification of the Economy, the Role of Jatropha.’ The GMD, who was represented by Mr Babatunde Adeniran, the Corporation’s Group Executive Director, Gas and Power, said the project became necessary due to the […]
It was gathered that the Bill and Melinda Gates Foundation on Tuesday said it was funding six agricultural commodities value chains with emphasis on rice and yam production to ensure food sufficient in Nigeria.
Bill and Melinda Gates Foundation is the largest private foundation in the world, founded by Bill Gates.
Dr Audu Grema, the Senior Programme Officer, Agriculture in the West African Office of the Foundation, said in Abuja on Tuesday.
He listed some agricultural projects of the foundation to include CARI-Project […]
Minister of State, Petroleum Resources, Emmanuel Ibe Kachikwu, said on Thursday that the Nigeria’s oil production had fallen to 1.56 million barrels per day (bpd) due to persistent militant attacks.
In a speech in Lagos, he added that the attacks had reduced output by some 700,000 bpd. Four streams of oil, including the country’s largest, Qua Iboe, along with Bonny Light, Brass River and Forcados are currently under force majeure, reports Reuters.
He said the violence had also slashed domestic gas supply […]
One of the militant groups that has emerged since renewed militancy in the Niger Delta began, the Ultimate Warriors of Niger Delta, has told the Muhammadu Buhari-led Federal Government that they (militants) have nothing to lose should oil production in the country is crippled.
The militant group which is one of the affiliate body of the rampaging Niger Delta Avengers described the double speak manner of the federal government on dialoguing with the people of the region as worrisome and inciting.
According to reports, An oil firm, Yinka Folawiyo Petroleum Company Limited (YFP), has started the production of crude oil from its Aje Field located in Block OML 113, offshore Lagos.
The firm said oil produced from the Aje field will be stored on the Front Puffin, which has production capacity of 40,000 barrels of oil per day and storage capacity of 750,000 barrels.
Aje is an offshore field located in OML 113 in the Dahomey Basin in the Southwest. The field is […]