NNPC: CAPITAL OIL HAS REPAID N2BN, STILL OWES N9BN BUT CREDITWORTHY

July 14, 2017 AdminLeave a comment

The Nigerian National Petroleum Corporation (NNPC) Thursday claimed that Capital Oil and Gas Limited owed it an outstanding sum of N9.1 billion resulting from the N11 billion worth of petroleum products allegedly diverted from the latter’s storage facility.

ALLEGED THEFT OF N11 BILLION PETROL: CAPITAL OIL BOSS IFEANYI UBAH RELEASED

June 20, 2017 AdminLeave a comment

Dr. Ifeanyi Ubah, the managing director of Capital Oil and Gas Limited has been released from DSS’s detention.

CAPITAL OIL WORKERS CALL FOR UBAH’S RELEASE

May 31, 2017 AdminLeave a comment

Members of staff of Capital Oil and Gas Industries Ltd have cried out to the Federal Government to ensure the release of their Chairman, Mr. Ifeanyi Ubah.

TANKER DRIVERS DENY BEING INCITED BY IFEANYI UBAH

May 8, 2017 AdminLeave a comment

The Petroleum Tanker Drivers (PTD) section of the Nigeria Union of Petroleum and Natural Gas workers (NUPENG) has denied the allegation that the detained Managing Director of Capital Oil and Gas Limited, Mr. Ifeanyi Ubah, incited it to embark on strike and cause economic sabotage.

FED GOVT MAY TRY CAPITAL OIL CHIEF IFEANYI UBAH OVER ALLEGED N11BN OIL SCAM

May 7, 2017 AdminLeave a comment

The Federal Government may prosecute oil magnate, Ifeanyi Ubah, who is currently being detained by the Department of State Services.

LOCALLY-ASSEMBLED VEHICLES TO GET SPEED LIMITERS

As part of efforts to reduce the rate of speed-related accidents in Nigeria, the National Automotive Development and Design Council has directed all vehicle manufacturing plants in the country to install the speed-limiting device in their vehicles.
A deadline for compliance on the installation of the device in all vehicles being imported into the country has also been given.
AUTO POLICY CAUSING HIGH MARITIME JOB LOSSES – EXPERT

In a letter to President Muhammadu Buhari, a member of the Presidential Taskforce on Customs Reform, Mr. Lucky Amiwero, has called on the Federal Government to review the policy, due to its negative impact on the economy.
He said, “The impact associated with the implementation of the auto policy is as follows: the diversion of cars carrying vessel to neighbouring West African ports as a result of high tariff on imported vehicles; and the reduction of the maritime workforce by 70 per cent, which affects mostly licensed customs agents, importers, dealers and Nigerians abroad.”
UNDERSTANDING THE HISSING & SQUEAKY SOUND FROM TRUCKS

Ever wondered why trucks and buses make funny squeaking and hissing sounds? Well, the squeaking is the air escaping after braking and the hissing sound is the automatic bypass safety valves at work, ensuring the air pressure remains at the correct level.
Since a main advantage of air-brakes systems is their ability to use air to operate, the compressor is constantly kicking on and kicking off to refill the reservoirs with pressurized air. When the compressor builds too much air, the valves open, producing that loud hiss which probably gets some of us wondering…What the heck is leaking..lol!
SAFETY TIPS! COPING WITH POTHOLES

Hitting potholes can throw your vehicle\'s front end out of alignment. If you feel your car \"pulling\" during driving, that\'s a clue that you could have a problem.

Check the tread on your tyres. Uneven tread wear can be a sign of misalignment. If you hit a severe pothole, have the vehicle\'s alignment and tyre balance checked.

When you hit a pothole you can damage your tyre and/or the metal wheel of your vehicle. Keeping your tyres properly inflated will help reduce damage from potholes and other road hazards.

The impact of potholes on tyres increases dramatically with speed and can cause hidden, internal damage that could lead to tyre failure weeks, or even months, later. It\'s best to avoid potholes entirely, but if that\'s not possible, don\'t brake during the pothole impact. Instead, apply brakes before hitting a pothole and release them just before impact. Braking during the impact sets up the tyre and wheel assembly for a \"solid hit\" against the edge of the hole. Less severe damage occurs when a tyre is rolling than when it is skidding over a hole during braking.

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Tag: Capital Oil and Gas Limited

NNPC: CAPITAL OIL HAS REPAID N2BN, STILL OWES N9BN BUT CREDITWORTHY

ALLEGED THEFT OF N11 BILLION PETROL: CAPITAL OIL BOSS IFEANYI UBAH RELEASED

CAPITAL OIL WORKERS CALL FOR UBAH’S RELEASE

TANKER DRIVERS DENY BEING INCITED BY IFEANYI UBAH

FED GOVT MAY TRY CAPITAL OIL CHIEF IFEANYI UBAH OVER ALLEGED N11BN OIL SCAM