A Nigerian communications consultant and publisher of Africa Enterprise, Simbo Olorunfemi, has stated that the Port Harcourt Refinery, which has undergone a comprehensive rehabilitation, is now producing high-quality petroleum products after years of dormancy. In qn article penned after an on the spot assessment of the facility in Rivers state, he added that not only…
In a groundbreaking political development, former presidential candidate and renowned statesman, Gbenga Olawepo-Hashim, has brought together the chairmen of all area council chapters of the two major political parties in the Federal Capital Territory (FCT)—the All Progressives Congress (APC) and the Peoples Democratic Party (PDP). The historic meeting, which took place yesterday, was convened to…
The National President of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Festus Osifo, has confirmed that the Port Harcourt Refinery is operational, contrary to claims by critics. Speaking in an interview with Arise TV, Osifo stated that the refinery’s Crude Distillation Unit (CDU) is functional and producing various petroleum products, including…
CONFIRMED: Port Harcourt Refinery Working Effectively, Nigerian Society Of Chemical Engineers Declares Highest body of chemical engineers in the country, the Nigerian Society of Chemical Engineers, NSChE, has given the Port Harcourt Refinery a clean bill of health, declaring that the plant is running, contrary to claims made by critics about the facility. National President…
Former Minister of Aviation, Femi Fani-Kayode, has allegedly accused Dangote Refinery of sponsoring media attacks against the rehabilitated Port Harcourt Refinery. In a veiled reference to the billionaire, Fani-Kayode claimed on his X post on Thursday, that the private sector elements new to the oil business are trying to undermine the achievement of the Nigerian…
President of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), Billy Gillis-Harry, has clarified the controversy surrounding the Port Harcourt refinery’s operations. Reacting to claims by some critics that the refinery is merely a blending plant, Gillis-Harry emphasized that blending is a standard practice in crude oil refining processes worldwide. The Port Harcourt…
Nationwide excitement has greeted the revival of operations at the Port Harcourt refinery with President Bola Ahmed Tinubu, oil workers’ union, Pan-Niger Delta Forun (PANDEF), and many prominent Nigerians expressing hope of fuel availability, price reduction, and a healthy market competition at the midstream subsection of the Nigerian oil industry. Recall that the Port Harcourt…
Investigation reveals that ɓusinessman, Aliko Dangote has signed a contract with Vitoil for 5 cargoes of 38,000 metric tonnes per cargo. One of them is the CL Jane Austen tracked by bloomberg. The Dangote Refinery has altered the federal government’s petrol supply plan as it began the sale of fuel in dollars to the foreign…
The House of Representatives Committee on Narcotic Drugs, on Wednesday, raised concerns over the alarming rate of drug abuse among youths and women in the North Central region of the country. The committee called on stakeholders in the region to take urgent and proactive steps to tackle the growing menace, which they described as “a…
…Police Commissioner silent over matter Violence has erupted in Onicha Olona, an agrarian community in Aniocha North Local Government Area of Delta State, where one Mr Jerry Nkeweshe, a land grabber allegedly assaulted and killed 64-year-old man, Mr May Anwuzia, the Community town crier. Sources in the community told THEWILL that Ishiekpe Quarters Onicha Olona…
The Chartered Institute of Bankers of Nigeria and the Body of Banks CEOs in Nigeria wish to express their concern over the persistent social media criticisms targeted at Nigerian banks. It is essential to highlight the significance and contributions of the banking sector, which remains one of the most regulated and integral parts of Nigeria’s…
A litre of premium motor spirit (PMS) popularly called petrol has hit N977 at the Dangote Refinery, major supplier of the product to the Nigerian National Petroleum Company Limited (NNPCL), Platforms Africa can report authoritatively. Findings exclusively conducted by this reputable media group showed that this has led to the adjustment in pump ptice by…
Founder of Dangote Refinery, Alhaji Aliko Dangote, stirred controversy and disbelief among oil industry statistics pundits when he declared that Premium Motor Spirit (PMS) popularly known as petrol is cheaper in Nigeria than in Saudi Arabia. The billionaire, who said this in an interview with Bloomberg, claimed that the product is 40% cheaper in Nigeria…
The Chairman of Dangote Group, Aluko Dangote, has suggested that fuel prices in Nigeria should be increased to reflect current production costs. This statement comes amid ongoing debates about fuel subsidy removal and pricing dynamics in the country, saying the time is right for the federal government to stop petrol subsidy. Recall Tinubu had, on…
All is not quite well in the BusinessDay newsroom as editors are constantly under pressure to concoct one negative NNPC story after another whether based on facts or not. MoneyCentral learnt that the BusinessDay Publisher, one Mr Frank Aigbogun, instructed his Editors to go on wild Negative story fishing expeditions after his requests from the…