NNPC/Chevron deploy Roll Back Malaria prog in Ibeju Lekki

01 December 2015, Lagos – As part of measures to promote malaria prevention, social moblilisation as well as checkmate the menace of malaria in Ibeju Lekki area of Lagos state and environs, Chevron Nigeria Ltd., and its senior partner, the Nigerian  National Petroleum Corporation, NNPC, have  deployed a Roll Back Malaria programme as a means […] More »

PPMC urged to decentralise loading points for marketers

01 December 2015, Port Harcourt -National President of Independent Petroleum Marketers Association of Nigeria, IPMAN, Chief Obasi Lawson, has called on Pipelines and Products Marketing Company, PPMC, to decentralise loading points of petroleum products in the country. Obasi in Port Harcourt, Rivers State, when he led national officers of IPMAN on inspection of tank farms […] More »

NNPC posts N241bn loss in 10 months

01 December 2015, Abuja—The Nigerian National Petroleum Corporation, NNPC, yesterday announced a loss of N240.987 billion in its operations for 10 months, between January and October 2015. The NNPC, in its Monthly Oil and Gas Report for October 2015, also revealed that all its total sales proceeds from the export of crude oil and gas […] More »

Anambra govt wades into hike in price of kerosene

01 December 2015, Awka -Anambra State government has introduced Kero-Direct scheme to cushion the effects of the hike in the pump price of kerosene in the state. Speaking to ewsmen, yesterday in her office in Awka, the Senior Special Assistant to the Governor on Oil and Gas, Mrs. Ngozi Okoye said the scheme was to […] More »

Nigeria’s reserves drop to $30.04bn

30 November 2015, Abuja –  The Central Bank of Nigeria (CBN) said that the nation’s foreign reserves fell to 30.04 billion dollars as at Nov. 26. The bank disclosed this on its Website on Monday. It said that the figure dropped by seven million dollars from 30.11 billion dollars recorded in Oct. 26. It said the 30.04 […] More »

IMF approves China’s yuan as elite reserve currency

30 November 2015, Lagos – The International Monetary Fund welcomed China’s yuan into its elite reserve currency basket on Monday, recognizing the ascendance of the Asian power in the global economy. The yuan, also known as the renminbi, will join the US dollar, euro, Japanese yen and British pound in the basket of currencies the IMF […] More »

UAE launches world’s biggest solar plant

30 November 2015, Sweetcrude, Lagos – The United Arab Emirate, UAE, has launched the world’s biggest solar plant, His Highness Sheikh Mohammed bin Rashid Al Maktoum has said. According to him, the project is worth AED 50 billion. “We have launched the world’s biggest solar plant worth AED 50 Bn., to be accomplished in 2030 […] More »