The Executive Secretary of Nigeria Institute of Export Operations and Management (IEOM), Ofon Udofia, has said investment in Inland Container Depots (ICDs) will end the country’s over-reliance on oil revenue.
Continue reading »
The management of Nigerian Ports Authority (NPA) has urged all stakeholders to ensure strict compliance with the country’s statutory rules and regulations on the operation of newly built Floating Production, Storage and Off-Loading (FPSO) Egina.
Continue reading »
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has warned oil marketers over the threat of mass retrenchment of workers (READ IT HERE) if the federal government fails to pay outstanding subsidy owed to them on the importation of petroleum products.
Continue reading »
It was Benjamin Franklin, a founding father of America that once said, “By failing to prepare, you are preparing to fail”. According to Murphy’s Law, “anything that may go wrong will”. Therefore it is wise to be prepared for the potential mishaps consistent with any human activity.
Continue reading »
Caverton Helicopters, a subsidiary of Caverton Offshore Support Group Plc. a fully indigenous company listed on the Nigerian Stock Exchange has been awarded a 5-year logistics support contract by CNL, operator of the NNPC/CNL Joint Venture, for provision of aviation services with a 2-year renewable option.
Continue reading »
Ever since the emergence of oil and gas as the dominant feature of the Nigerian economy, starting from the 1970s, successive administrations in the country have only been paying lip service to the need for economic diversification.
Continue reading »
Minister of State for Petroleum Resources, Dr Ibe Kachikwu, on Wednesday, stated that the Federal Government has commenced the establishment of five oil and gas parks in addition to the gas revolution park in order to yield more revenue in the sector.
Continue reading »
The Nigerian Navy says it has impounded five vessels and two metallic barges illegally transporting 1,690 metric tons of diesel, in an operation in Rivers State.
Continue reading »
To achieve the President Muhammadu Buhari administration’s target of meeting the nation’s needs and end the importation of petroleum products by 2019 which cost the country N3.35 trillion last year, the Ministry of Petroleum Resources is executing a three-pronged strategy.
Continue reading »
—- NIMASA never prosecuted infractions The Executive Secretary, Nigerian Extractive Industry Transparency Initiative (NEITI), Mr. Waziri Adio, Wednesday disclosed that a whopping $15.9 billion in crude oil was either lost or not accounted for between 2011 and 2014.
Continue reading »
The capacity of the Major Oil Marketers Association of Nigeria (MOMAN) and the Depot and Petroleum Products Marketers Association (DAPPMA) to import petroleum products has continued to weaken as unpaid subsidy claims and matured Letters of Credit (LCs) arising from the old subsidy regime hit $2 billion.
Continue reading »
The petrol scarcity rocking Ekiti State has reached a crisis state as black marketers have hijacked the process and now engage in open hawking of the product.
Continue reading »