PH Refinery Receives 1m Barrel Crude Oil, Gets License for Take-Off
Following the mechanical completion of the Old Port Harcourt Refinery in December, last year, a total of one million barrels of crude oil has been supplied to the plant by the Nigerian National Petroleum...
Oil Theft: Nigeria Lost $1.8bn Fuel in Nine Years — NEITI
The Executive Secretary of the Nigeri Extractive Industries Transparency Initiative (NEITI), Dr Ogbonnaya Orji, has disclosed that the country lost $1.84bn worth of petroleum products from refineries in nine years.
Orji stated this on Monday...
Nigeria to Become Net Fuel Exporter by December – Kyari
The Group Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, has said Nigeria will be a net exporter of refined petroleum products by December this year, based on emerging indicators in the...
FG, W’Bank Discuss $50m Deal to Drive Power Sector Forward
The Federal Government has sought the assistance of the World Bank for $50m to support state governments in the installation of solar plants and infrastructure upgrades.
The Minister of Finance and the Coordinating Minister of the...
Inflation Increases to 34.19% Amid Soaring Food Prices
Nigeria’s inflation rate increased to 34.19 percent in June 2024 from 33.95 percent in May.
The data is captured in the National Bureau of Statistics (NBS) in its consumer price index (CPI) report for June, released on Monday.
The...
African Export-Import Bank Increases Share Capital to $25b
Shareholders of African Export-Import Bank (Afreximbank) has increased the bank’s authroised capital from $5 billion to $25 billion.
At the annual general meeting of the bank, shareholders voted to increase the authorised share capital in recognition of the...
