The Port Harcourt Refining Company, a refinery under the management of the Nigerian National Petroleum Company Limited in Rivers State, has again failed to commence operations after about six postponements, The PUNCH reports. It was observed that promises made to Nigerians by the Federal Ministry of Petroleum Resources and NNPC about the refinery […]

Karl Toriola, chief executive officer (CEO) of MTN Nigeria, says the country’s telecommunications sector is “in a deep crisis”. Toriola spoke on Tuesday at the telecom investment forum organised by Financial Derivatives Company (FDC) in Lagos. The telco CEO pointed out the severe sustainability challenges currently faced by telecom operators […]

Crude oil-producing companies in Nigeria are expected to supply the Dangote refinery and other local refineries with about 597,700 barrels per day (bpd) of crude in the next five months to meet local demands. This is according to a statement from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), and reported […]

Dangote Refinery has insisted that Premium Motor Spirit (PMS), popularly known as petrol, refined at the refinery, will hit the market by August. The company’s Group Chief Branding and Communications Officer, Anthony Chiejina, disclosed this to PREMIUM TIMES in an interview on Monday. The response came amid concerns over the […]

The Federal Government and state governors may have agreed to a three-month moratorium on Local Government autonomy, over concerns arising from its impact on salary payments and operational viability, The PUNCH learnt on Monday. The development means Local Governments may wait till October before the implementation of the law in […]

Nigeria’s oil marketers have said that Dangote Refinery may crash the price of petrol to between N600 – N650 per liter depending on its production cost. The National Vice President of the Independent Petroleum Marketers Association of Nigeria, Hammed Fashola disclosed this in a statement on Monday. His comment comes amid indications […]

12.7 per cent stake in 2024 for loan servicing, Fitch Ratings, a credit rating agency says in a report released on Monday. Fitch recalled that the Nigerian National Petroleum Company Limited had earlier planned to acquire a 20 per cent stake in the refinery. However, the rating agency indicated that the […]

A 5km natural gas pipeline network has debuted in Victoria Island, connecting Eko Atlantic City, Lagos, courtesy of Axxela Limited and NGML. This milestone marks a significant achievement in Axxela and NGML’s ongoing 72.5km pipeline infrastructure project, which will span from Victoria Island to the Lekki metropolis. The newly commissioned […]

The Federal Government is mulling a revamp of the textile industries in Nigeria to leverage on its job creation potentials. To this end, the Vice President, Kashim Shettima hosted a number of stakeholders at the Presidential Villa Abuja on Tuesday, which included the governors of Lagos and Imo State to […]