Waltersmith refinery ready for October start
Work began on the 5,000 barrel per day plant, in Imo State, in October 2018. Initial production will be of diesel. NCDMB bought a 30% stake in the refinery project …
Niger exports fuel to Nigeria as Egypt, Algeria build 13 refineries
Neighbouring Niger Republic, which started commercial oil production in 2011, now exports petroleum products to Nigeria, as Egypt and Algeria lead African operations with 13 refineries. Both countries (Egypt and …
NNPC invites tenders for lifting of Nigerian crude oil grades
The Nigerian National Petroleum Corporation (NNPC) has issued a tender inviting qualified and reputable companies for the sale, purchase and lifting of Nigerian Crude Oil grades. The duration of the …
BUA to build 200,000bpd mega refinery, petrochemical facility in Akwa Ibom
The BUA Group has signed a Memorandum of Understanding, MoU, with an advanced technology provider company, Axens of France, for the supply of technologies in the construction of its 10million …
Edo Modular Refinery to earn $125m per annum from naptha export, reset state’s economy
Chairman of Edo Refinery and Petrochemical Company Limited (ERPC), Michael Osime, says the Edo Modular Refinery being developed by ERPC with support from the Edo State government will earn about …
Derefaka: FG Leveraging Gas as Alternative Fuel for Nigerians
Mr. Justice Derefaka who is the Program Manager for both the Nigeria Gas Flare Commercialisation Program and the Autogas, part of the National Gas Expansion Project, in this interview says …
Africa’s Richest Man Makes His Biggest Bet Yet
Aliko Dangote plans to spend $15 billion on a project that — if successful — could revolutionize Nigeria’s economy. On a peninsula east of Lagos, 30,000 workers are employed on …
Global insurance firm expands operations to Alaro City
RTS Global Insurance Brokers Ltd, a leading insurance and reinsurance broker, has concluded plans to expand its business in Lagos with a move to Alaro City, Lagos’ new city in …
Funding in Nigerian fintech firms rise 197% in 3 years as payment dominates
Companies in financial technology (Fintech) services have secured $560 million representing a 197 percent growth between 2017 and 2020, according to a report by Enhancing Financial Innovation and Access (EFInA). …
Nigeria Oil Firm Waltersmith to Start Mini-Refinery in September
Waltersmith Petroman Oil Ltd., a Nigerian independent producer, will open a 5,000-barrel a day capacity modular refinery next month in Africa’s top crude producer that imports all of its refined-product …