By Adewole Kehinde I recently came across the “2020 Country Reports on Human Rights Practices: Nigeria” published by the United States of America Department of State. Going through the Executive Summary, Section 4: Corruption and Lack of Transparency in Government caught my attention and I will quote the particular paragraph: “In June the Nigeria National…
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Nine Reasons Why Refineries’ Rehabilitation Is Justified
By Adewole Kehinde It is no longer news that the Federal Executive Council on Wednesday, 17th March, 2021 approved the sum of $1.5 billion for the rehabilitation of the Port Harcourt Refinery Company Ltd. Unfortunately, some personalities like Former Vice President Atiku Abubakar, Gov Nyesom Wike, Activist Aisha Yesufu, Senator Dino Melaye, and Former Gov…
Heirs Holdings Expands Oil and Gas Portfolio, Acquires 45% of OML 17 from Shell, Total and ENI
Heirs Holdings (“HH”), the leading African strategic investor, in partnership with affiliated company Transnational Corporation of Nigeria Plc (“Transcorp”), Nigeria’s largest publicly listed conglomerate, announced today the unconditional acquisition of a 45% participating interest in Nigerian oil licence OML 17 and related assets, through TNOG Oil and Gas Limited (a related company of Heirs Holdings…
Nigeria Close To Self-Sufficiency In Liquefied Petroleum Gas Production – Buhari
President Muhammadu Buhari said Nigeria has moved a step closer to the nation’s dream of full utilisation of the nation’s abundant gas potentials. The president made this assertion on Tuesday at the commissioning of the Integrated Gas Handling Facility and LPG Processing and Dispensing Plants built and operated by the Nigerian Petroleum Development Company, an…
PIB Will Be Passed In Six Month – Gbajabiamila
The Speaker of the House of Representatives, Mr. Femi Gbajabiamila, has assured that the Green Chamber is determined to pass the Petroleum Industry Bill (PIB) within the next six months. Speaking on Tuesday when he played host to a delegation of the Oil Producers Trade Section (OPTS) under the Lagos State Chamber of Commerce and…
Petrol To Sell For N170 Per Litre As FG Raises Depot Price
Price of petrol has once again been increased for a third time in three months as a litre of fuel will now sell at N170. This is because the Petroleum Products Marketing Company, a subsidiary of the Nigerian National Petroleum Corporation again increased the ex-depot price of Premium Motor Spirit, also known as petrol, to…
Kachikwu Hands Over To New NNPC Boss
On Friday, July 8, 2016, former Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Ibe Kachikwu, handed over to his successor, Maikanti Baru. Baru was appointed as the new NNPC boss this week by President Muhammadu Buhari. Kachikwu, who is presently the Minister of State, Petroleum Resources, said he is confident Baru would…
Group Condemns Kachikwu’s Removal As NNPC Boss
A Niger Delta group has kicked against the removal of Ibe Kachikwu as the Group Managing Director, GMD, of Nigerian National Petroleum Corporation, NNPC, by President Muhammadu Buhari this week. The Niger Delta Indigenous Movement For Radical Change, NDIMRC, an oil monitoring group which had earlier warned of plot to remove Kachikwu as the NNPC…
Another Fuel Scarcity Looms In Nigeria
If the threat by owners of mega fuel stations in Nigeria under the aegis of Mega Filling Station Owners of Nigeria, AMFSON, is anything to go by, then Nigerians will have to prepare for another round of scarcity of petrol. This is because the body has vowed to shut down operations if the Federal Government…
NNPC Seeks Stronger Ties With NSCDC
The Management of the Nigerian National Petroleum Corporation, NNPC, has commended efforts of the Nigeria Security and Civil Defence Corps, NSCDC, in curtailing the recent problem of fuel scarcity, diversion, hoarding and long queue at the filling stations across the nation. The commendation however came with a request by the NNPC seeking for more collaboration…