Shell declares force majeure on Bonny Light exports
Shell Petroleum Development Company of Nigeria Limited has declared force majeure on exports of Bonny Light crude, one of the country’s major sources of oil revenue. Force majeure is a …
FG, Delta partner on Methanol fuel production
The Delta State government said it would partner the Federal Ministry of Science and Technology on Methanol fuel production. The State Governor, Dr Ifeanyi Okowa, made this known during a …
NLNG signs 10-year LNG deal with Total
Nigeria Liquefied Natural Gas (NLNG) has signed a deal with French energy group Total for 1.5 million tonnes of LNG per year, the African producer said in a statement on …
Construction of Ajaokuta-Kaduna-Kano gas pipeline in Nigeria to begin
Construction of the Ajaokuta-Kaduna-Kano gas pipeline in Nigeria is set to commence soon. This is according to President Muhammadu Buhari. Ajaokuta-Kaduna-Kano (AKK) pipeline The Ajaokuta-Kaduna-Kano (AKK) pipeline is a 614km-long …
AFAN acquires 200-hectares land for rice in Epe
THE All Farmers Association of Nigeria (AFAN), Lagos State Chapter, says it has acquired 200 hectares of farmland for rice cultivation in Epe area of the state. AFAN’s Chairman Femi …
C’River, American Firm Sign MoU To Fund Bakassi Deep Seaport, Superhighway
Cross River State governor, Professor Ben Ayade has stated that the proposed Bakassi Deep Seaport will facilitate seamless maritime and shipping activities within the African sub region when completed. The …
Lekoil shares plunge as company launches loan scam investigation
Shares in Nigerian oil company Lekoil Ltd plunged more than 70% on Tuesday following a suspension of trading after the firm discovered that a $184 million loan it had announced …