Reps Probe Alleged Abandoned N72.34bn Eastern Rail Contract     The House of Representatives has resolved to investigate the alleged abandonment of the Eastern Rail Line, the Port Harcourt-Maiduguri section, after the Federal Government awarded the reconstruction contract for N72.34bn. At the plenary on Wednesday, the House resolved...

Petrol Imports Rose By 100m Litres In January – NNPC       Latest figures in the financial and operations report of the Nigerian National Petroleum Corporation have shown that the imports of Premium Motor Spirit (or petrol) by the NNPC rose by 100 million litres following the...

Petroleum Sector Reforms: Let’s Say No To The Cannibals By Ojie Ejemhen There is no doubt that the downstream sector of the nation’s petroleum industry requires fundamental reforms to restructure its operations and reset its priorities and national objectives to align with globally accepted standards. Over...

Port Harcourt Refinery Rehab: We Can’t Afford to Fail – NNPC … Says Project to Generate 3,000 Jobs as Construction Work Kicks off The Nigerian National Petroleum Corporation (NNPC) has kicked off construction work in the Port Harcourt Refinery rehabilitation project with a firm commitment not...

NNPC Submits P/Harcourt Refinery To Contractor For Repair       The Nigerian National Petroleum Corporation (NNPC) yesterday handed over the Port Harcourt Refineries Companies (PHRC) to the contractor, Tecnimont SPA for its rehabilitation. The Group Managing Director, Malam Mele Kyari who disclosed this at the kick off meeting...

NERC Okays N756bn Investments For 11 Power Firms       The Nigerian Electricity Regulatory Commission (NERC) has approved N756.74 billion Capital Expenditure (CAPEX) for the 11 Distribution Companies (DisCos) for the next five years in their Performance Improvement Plan (PIP). The projected investment directives were requested for by...