“We are hoping if enough funding is made available to us to perfect what we have on ground; we shall be willing to build other ones that can be stationed in the Niger Delta. This is where most of the Nigerian crude oil is produced. When new ones are built, we are going to train operators that will manage them.”
16 March 2018, Sweetcrude, Vienna, Austria — The price of OPEC basket of fourteen crudes stood at $62.24 a barrel…
He noted, however, that the modular refineries would essentially address the menace of illegal crude oil refining rampant in the Niger Delta, while saving the environment and providing more legal opportunities for the youth of the area.
Ike Amos 15 March 2018, Sweetcrude, Lagos — Guaranty Trust Bank Plc Shell Nigeria has extended a $270 million loan…
The Zungeru Hydro Power Plant is a joint project of the Federal government and the Chinese government at a financial contribution ratio of 25/75 per cent respectively.
He emphasised that “energy theft is also a serious setback and we are planning to embark on mass literacy campaigns and advocacy to educate the public on the issue”.
15 March 2018, Sweetcrude, Vienna, Austria — The price of OPEC basket of fourteen crudes stood at $61.97 a barrel…
Kebbi state had the lowest average price per litre of kerosene at N257.3 in February 2018. Oyo state recorded the second lowest at N260.5 and Niger state had the third lowest average price per litre of kerosene in February 2018 at N262.5.
The presentation said that the first shift to cleaner gasoline would cost $11.7 million per month, and the second $15.7 million per month. The diesel reduction would cost $2.8 million per month.
Earlier this month, Nigeria paid off about N130 billion worth of treasury bills maturing this week instead of rolling over the debt as it has done in the past.
