Indonesian president urges accelerated oil refinery dev’t to narrow current account gap

Indonesian president urges accelerated oil refinery dev’t to narrow current account gap

Indonesian President Joko Widodo on Monday urged ministers to focus more attention on the expansion of the oil processing units’ refinery capacity and construction. This is in a bid to bring down current account and trade deficits. The president also asked them to focus on efforts to boost oil lifting and make the government’s biodiesel…

AFC will pioneer early-stage funding of Nigeria’s mining projects —Osam Iyahen
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AFC will pioneer early-stage funding of Nigeria’s mining projects —Osam Iyahen

Osam Iyahen Synopsis: Osam Iyahen is a Director at Africa Finance Corporation (AFC), a leading investment grade infrastructure solutions provider, created by sovereign African states to provide pragmatic solutions to Africa’s Infrastructure deficit and challenging operating environment, by developing and financing infrastructure, natural resources, and industrial assets, for enhanced productivity and economic growth of African…

Group honours  Shell Youth Development Programme
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Group honours  Shell Youth Development Programme

  ENERGY giant, The Shell Petroleum Development Company of Nigeria Limited (SPDC), has been honoured for providing opportunities to talented secondary school students in the Niger Delta to participate in the United Nation’s Model Conferences in the United States of America. Founder and Country Director of Future Trust Initiatives, Dr. Maureen Egbuche, announced the corporate…

Cooking gas price hike: NLNG commences 350,000 MT discharge to NOJ terminal in Lagos
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Cooking gas price hike: NLNG commences 350,000 MT discharge to NOJ terminal in Lagos

Cooking gas price hike: NLNG commences 350,000 MT discharge to NOJ terminal in Lagos Mrs Sophia Horsfall, Manager, Corporate Communications and Public Affairs of the Nigeria Liquidified Natural Gas (NLNG) on Monday confirmed that the company would deliver LPG to New Oil Jetty (NOJ) terminal in Lagos today. Horsfall confirmed to TBI Africa through mail…

Breaking :Former Petroleum Minister Prof Tam David West Dies At 83
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Breaking :Former Petroleum Minister Prof Tam David West Dies At 83

Professor Tamunoemi Sokari David-West a consultant virologist of national and international standing and lecturer at the University of Ibadan for decades, is dead. He was aged 83. News of his transition was conveyed in a tribute by President Muhammadu Buhari. David-West was Petroleum minister when Buhari was a military head of state between 1984 and…

Telecom operators warn of network shutdown due to border closure

Telecom operators warn of network shutdown due to border closure

Telecom operators have warned that some regions in the country will experience network disruptions due to the restrictions of trucks supplying diesel to transceiver base stations close to the border area. The operators, under the aegis of the Association of Licensed Telecommunications Operators of Nigeria, hub sites in Calabar area would be shut down on…

NNPC/CNL JV, Ilaje RDC and AMAICOMMA CCDC Hold Groundbreaking Ceremony for a Mother and Child Health Care Center Project
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NNPC/CNL JV, Ilaje RDC and AMAICOMMA CCDC Hold Groundbreaking Ceremony for a Mother and Child Health Care Center Project

In furtherance of  their efforts to deliver sustainable community development projects in their target communities, two organisations founded and funded by the NNPC/Chevron Nigeria Ltd Joint Venture,  the Ilaje Rural Development Advocacy Committee Initiative (ILRDC) and the Amalgamation of Ilaje Ugbo Coastal Communities Association (AMAICOMMA CCDC) held a groundbreaking ceremony  of a Mother and Child Health…

Port congestion, lack of national carrier worries National Institute of Shipping

Port congestion, lack of national carrier worries National Institute of Shipping

Mr Caleb Okoye, Life Patron, Nigeria Institute of Shipping (NIS), has called for urgent actions to decongest Nigerian ports and re-establish a national carrier for faster development of the shipping industry. Okoye made the call  at the Nigeria Institute of Shipping’s 9th Annual General Meeting and Awards held on Friday night in Lagos. According to…

Local Content ‘’ll cut Nigeria’s crude production cost-Sylva

Local Content ‘’ll cut Nigeria’s crude production cost-Sylva

The Federal Government will deepen the implementation of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act because it is an effective strategy for lowering Nigeria’s high crude oil production cost, the Minister of State for Petroleum Resources, Chief Timpre Sylva has said. The Minister stated this on Thursday at the conclusion of his…