BrentexCPP, AKK Contractor Assures to Deliver Project on Time and Cost     Brentex Petroleum Services Ltd/ China Petroleum Pipeline Engineering Co Ltd (CPP), one of the consortia executing Federal Government’s Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline Project has pledged to deliver the project on schedule and within cost. The...

China Approves Loan For $2.6bn AKK Gas Pipeline         China has approved and will disburse its 85 per cent loan required to fund the $2.6bn Ajaokuta-Kaduna-Kano gas pipeline project, the Federal Government announced on Tuesday. Minister of Finance, Budget and National Planning, Zainab Ahmed, and Group Managing...

Nigeria’s Oil Output Drops By 14% To An Average Of 1.5mb/d       Nigeria might be under pressure to fund its N13.8 trillion 2021 budget following a significant drop of its oil output by 14.08 percent in the first 10 months of 2020, according to data obtained...

COVID-19: Airlines Face New Threat As Second Wave Spreads       With the rising cases of COVID-19 in Nigeria and other countries, Nigerian airlines are likely to be hard hit again by the impact of the looming second wave on air travel. Aviation experts have expressed worry that...

Nigeria Resumes Petrol Import From China       Nigeria, Africa’s biggest oil producer and exporter, has resumed importation of petrol from China, the world’s top crude oil importer. The Asian country shipped 37,000 metric tonnes of petrol to Nigeria in September for the first time since July 2019,...

IATA Predicts $118.5bn Loss For Airlines In 2020/2021         The International Air Transport Association has predicted heavier losses for the aviation industry in 2020 and 2021. According to a report titled ‘Deep losses continue into 2021’, IATA predicted a net loss of $118.5bn for 2020 (higher than...