…Demands focus on development of Ilaje land by government

The Ilaje Development Summit Group (IDSG) has congratulated the Governor of Ondo State, Arakunrin Oluwarotimi Odunayo Akeredolu (Aketi) on his choice of a distinguished Ilaje son, Hon. Lucky Aiyedatiwa, as his running mate in the coming governorship election in Ondo…

Nigeria’s Department of Petroleum Resources (DPR) has said that the construction of Dangote Refinery is now 71% complete.

The refinery is expected to become Africa’s largest oil refinery and the world’s biggest single-train facility upon completion.

The $12-billion Dangote Refinery will have the capacity to refine 650,000…

Operators at the Ladol Free Zone have lamented the exorbitant cost of land per square meter, and high cost of boat services in the zone, a development that has scared potential investors willing to take advantage of the strategic location of the zone to bring in Foreign Direct Investments (FDIs).

Nigerian National Petroleum Corporation (NNPC) has recorded a 43% drop in cases of malicious damage to oil pipeline infrastructure in May 2020.

Details of the report is contained in the May 2020 edition of the NNPC Monthly Financial and Operations Report (MFOR).

The report indicates that 37…

United Bank for Africa (UBA) Plc is leading a consortium of Nigerian commercial and international banks in the $1.5 billion pre-export finance facility for the Nigerian National Petroleum Corporation (NNPC) and its upstream subsidiary, the Nigerian Petroleum Development Company (NPDC).

The facility is structured in two tranches; the first tranche…

Nigerian National Petroleum Corporation (NNPC), downstream subsidiary, Petroleum Products Marketing Company (PPMC), has fixed the ex-depot price of premium motor spirit (PMS), known as petrol at N138.62 per litre.

In a memo signed by its manager, sales, Mohammed Bello, in Abuja, on Tuesday, the ex-depot price is the price at…

Ethiopia generated $66.4 million during the past fiscal year thanks to the export of part of its electricity to Sudan and Djibouti, Agence Ecofin has reported. The performance represents 16% of the initial annual objectives.

The report said that Ethiopia, electricity export revenues amounted to $ 66.4 million for the…

Oilserv Limited, a major player in driving the growth and development of local content in Nigeria has partnered Innoson Vehicle Manufacturing Company Ltd (IVM) in its effort to promote local production of vehicles in the country.

Speaking during a facility tour of the manufacturing plant in Nnewi, the Chairman/Group CEO…