News

If FG run refineries, it will keep having the same problems — Osinbajo

Ihesiulo Grace 22 September 2020 0

Vice President Yemi Osinbajo on Monday said that the refineries will keep having the same problems if they are run by the federal government. READ ALSO: $1m imposed levy, Osinbajo leaves for Ghana Daily Times understands that the Vice President speaking at a virtual meeting organised for the

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Government should not own, run refineries — Osinbajo

Ihesiulo Grace 22 September 2020 0

The Vice President, Prof. Yemi Osinbajo, has said the problems associated with Nigeria’s refineries will persist if the Federal Government continues to own and run them. READ ALSO: Refineries will be fixed with money saved from subsidy removal – FG Daily Times Nigeria gathered that Osinbajo said this at a virtual meeting organised for the […]

Featured Politics

Senate probes NNPC over ailing refineries

Ihesiulo Grace 30 January 2020 0

Abuja – The Senate on Thursday, mandated its Committee on Downstream Petroleum Sector to carry out a holistic investigation on the turnaround maintenance expenditure and current state of the refineries in the country. The resolution were sequel to a Point of Order raised by Sen. Yusuf Yusuf (APC-Taraba Central) during plenary. It also mandated the […]

News Politics

Buhari has abandoned Rivers state, lawmakers cry out as they protest over deplorable state of roads

Ihesiulo Grace 10 September 2019 0

Nneka Nwogwugwu Rivers State National Assembly members have alleged that the administration of the Muhammadu Buhari led government has totally abandoned Rivers State, especially in the area of infrastructural development. The house made this known on Monday, while observing a peaceful protest on the Aleto/Akpajo Bridge along the East-West road in Rivers State to draw […]

Energy News

NNPC to establish 200,000bpd condensate refineries

Ihesiulo Grace 30 August 2018 0

The Nigerian National Petroleum Corporation (NNPC), will establish two condensate refineries with a total refining capacity of 200,000 barrels per day at Western Forcados and Assah North Ohaji as well as Southern areas of Delta and Imo State respectively. The NNPC Natural-gas condensate is a low-density mixture of hydrocarbon liquids that are present as gaseous […]

Business Headlines

Refineries will be revived to full capacity by 2019 – Kachikwu

Ihesiulo Grace 14 December 2017 0

As FEC approves N16bn for NDDC Headquarters ‘East-West road designed to fail’ The Federal Government has disclosed that plans have been concluded to resuscitate all the refineries in the country and return them to a fully functional condition by 2019. Minister of State for Petroleum Resources, Dr Ibe Kachikwu, made this know on Wednesday shortly […]

News Nigeria

IYC demands 70% ownership of modular refineries

Ihesiulo Grace 28 July 2017 0

The Ijaw Youths Council (IYC) has vowed to frustrate the operations of licensed modular refinery operators in the region if the federal government fails to review the licensing process and give 70% ownership of the refineries to people from the Niger Delta region. Factional President of the IYC (Worldwide), Oweilaemi Pereotubo, who gave the warning […]

News

Concession of P’Harcourt Refinery: Youths threaten sabotage of oil operations

Ihesiulo Grace 20 June 2017 0

Youths of Niger Delta extraction have threatened to sabotage oil operations in the region as a result of what they call the shortchanging of the region’s stakeholders in ownership stakes of the Port Harcourt refineries. The youths, under the aegis of the Pan Niger Delta Youth Leadership Forum (PANDLEAF), stated that the region was not […]

Business News

Collaboration’ll reduce cost of doing business

Ihesiulo Grace 24 February 2017 0

The Managing Director, National Engineering Technical Company (NETCO), SikyAliyu, stated that collaboration among service companies in the country will help to bring down the cost of doing business. It can reduce cost of doing business if investors start establishing companies and also will bring about employment generation. Aliyu stated this at the recent West African

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PPPRA Deny Report of Petrol Scarcity Over Debt

Ihesiulo Grace 20 January 2017 0

Petroleum Products Pricing Regulatory Agency (PPPRA) has denied reports speculating an imminent petrol scarcity over Federal Government’s inability to pay fuel marketers’ N660 billion debt‎. ‎ In a statement released in Abuja by the PPPRA spokesman, Mr Lanre Oladele, the agency said the report was misleading and “a gross misrepresentation of facts”. ‎ ‎ ‎”There […]