The Nigerian National Petroleum Company (NNPC) Limited has revealed that it is going to supply Dangote Refinery with over 17.6 million barrels of crude oil between September and October. The Executive Vice-President, (Downstream) of NNPC, Adedapo Segun made this known in an interview on Arise TV on Thursday. Adedapo Segun who said the move is part of the federal government’s push to drive local production of petroleum products, added that so far, the NNPC Ltd has so far supplied 30 million barrels of crude oil to Dangote Refinery. “This month alone, we will be providing 6.3 million barrels of crude…
Author: Michael Chibuzo
President Bola Tinubu on Thursday in Beijing, China, emphasized the importance of global collaboration in achieving shared progress and prosperity. Speaking at the opening ceremony of the 2024 Summit of the Forum on China-Africa Cooperation (FOCAC) at the Great Hall of the People in Beijing, President Tinubu highlighted the success of the China-Africa partnership as a model for sustainable development and shared prosperity. He noted that the partnership is driven by a bold vision for the future and that by working together, Africa and China can unlock unprecedented levels of growth and development for their nations. The President said cooperation…
The Democratic Front (TDF) has said that President Bola Tinubu did not betray or deceive the Nigeria Labour Congress (NLC) on fuel price in arriving at the N70, 000 minimum wage. TDF added that Labour and government mutually negotiated and agreed on the minimum wage. In a statement signed by the Chairman Mallam Danjuma Muhammad and Secretary Wale Adedayo, TDF maintained that the President could not have been emphatic and decisive on the pump price of fuel in a deregulated market. TDF said: “Once again, we are disappointed with the often repeated wrong postulations of the Joe Ajaero-led Nigerian Labour…
President Bola Tinubu and Chinese President Xi Jinping, on Tuesday in Beijing, China, announced the elevation of Nigeria-China ties to that of a comprehensive strategic partnership. The leaders also agreed to build a high-level Nigeria-China community with a shared future. This was the outcome of talks between the two leaders during President Tinubu’s official visit to China. President Tinubu’s official visit precedes his participation in the 2024 Summit of the Forum on China-Africa Cooperation, scheduled to hold from September 4-6, 2024. ”This is an important visit for Nigeria and the rest of Africa, as I arrive in my capacity as…
Billionaire businessman and Chairman of FBN Holdings, Femi Otedola has advised petrol depot owners in the country to dismantle their fuel depots and sell them as scraps following the commencement of PMS production and commercial sale by the Dangote Refinery. Femi Otedola made this statement in a post on his X handle where he congratulated Aliko Dangote on the commencement of petrol production at his refinery – a major milestone which has been anticipated by many Nigerians. He described the milestone as a “monumental achievement” under President Bola Tinubu’s administration. Otedola recalled his efforts alongside Aliko Dangote to invest in…
The presidency has reacted to claims by individuals accusing the federal government of not being truthful about subsidy payments in the wake of the admission by the Nigerian National Petroleum Company Limited (NNPC Ltd) that it was struggling to offset backlog of payments it is owing it suppliers of refined petroleum products. In a post on his X handle, the Special Adviser to the President on Information and Strategy, Bayo Onanuga observed that many people are propagating these erroneous accusations against the federal as though they have unearthed some revelations. “I have read a series of articles attacking the Federal…
The federal government has debunked reports stating that it issued a directive to the Nigerian National Petroleum Company Limited (NNPC Ltd) to increase the pump price of petrol (PMS) to N1000 per litre. The Minister of State Petroleum Resources (Oil), Heineken Lokpobiri, on Tuesday made this clarification in a statement from his Special Adviser on Media and Communications, Nnaemeka Okafor where he noted that he did not direct the NNPC Ltd. or any other entity within the sector to adjust petrol prices. “The Federal Government has been compelled to address the outright falsehood and malicious claims currently circulating on social…
The multi-billion dollar Dangote Refinery is finally ready to begin the sale of premium motor spirit (PMS) popularly known as petrol to the Nigerian market. The imminent commencement of commercial sale of PMS by the refinery follows successful test-run of their PMS refining capacity over the past couple of days. According to industry sources, the product would initially be sold only to the Nigerian National Petroleum Company Ltd (NNPCL) who would then in turn sell to other petrol marketers in the country. Currently, the NNPC Ltd is the sole importer of PMS and sells to both major and independent marketers…
The Police in Toronto, Canada has arrested a Nigerian woman, Amaka Patience Sunnberger over her threats to kill Yorubas and Benin people during an ill-advised rant on the social media app, tiktok. The Toronto Police Service, in a statement on its website titled, “Suspected Hate-Motivated Threatening Investigation, Woman Arrested,” announced the arrest and revealed that the suspect, Amaka Sonnberger is scheduled to appear in court on September 2, 2024. The police added that she was apprehended on Sunday following an investigation into online content she reportedly posted on August 25. The police statement read, “Toronto Police have arrested a woman…
As part of ongoing efforts to sanitise the mining sector, the federal government has charged suspected illegal miners arrested in Kogi and Ondo states during a recent operation led by the Mining Marshals to court. The operation, code-named “Operation Hayakin Kogo,” took place in the Ikah Community of Ankpa LGA, Kogi State resulting in the arrest of two (2) Chinese nationals and a Nigerian for mining activities in violation of existing mining regulations. In a related development, the Mining Marshals also raided an illegal gold mining site in the Ogunlepa, Oluwa Forest Reserve, Odigbo LGA of Ondo State, where four…