Trading on Nigerian Stock Exchange (NSE) closed on a positive note on Tuesday, with Total Oil leading the gainers’ table. The News Agency of Nigeria (NAN) reports that the crucial market indicators appreciated marginally with 0.58 per cent growth, following gains by some blue chip concerns. Specifically, the market capitalisation increased by N75 billion or […]
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The Niger Delta Youth Leadership Forum (PANDLEAF) said since the federal government wants colony for cattle, they also need to establish an oil and gas colony in their region. The government had proposed colonies as a solution to the crisis between herdsmen and farmers. On Friday, Audu Ogbeh, minister of agriculture, said the colonies would […]
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The Independent Petroleum Marketers Association of Nigeria (IPMAN) and Depot and Petroleum Products Marketers Association (DAPPMA) have called for the total deregulation of the downstream sub-sector of the country’s oil and gas industry. The marketers under the aegis of IPMAN and DAPPMA told the News Agency of Nigeria (NAN) on Sunday in Lagos that this […]
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Segun Adebutu, chief executive officer of Petrolex Oil & Gas in an interview with Bloomberg, said his company plans to build a 250,000 barrel-a-day capacity refinery in Ogun state, a project that will be completed in 2021. The company, which plans to spend $3.6 billion on the construction, is already working on the front-end engineering […]
Continue ReadingThe President of the Federal Republic of Nigeria, Muhammadu Buhari has stated that the practical way out of the economic challenge being experienced in the country lies in monies made from the country’s oil and gas sector. The president who spoke at the launch of the ministry of petroleum #7BigWins initiative in Abuja on Thursday, […]
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