THE federal governmenthas once again being urged to extend the Extractive Industry Transparency Initiative (EITI) to the nation’s solid mineral sector if the sector is also to contribute to national development.

Mrs Nkechi Obi is the Managing Director, Techno Oil Limited, a significant player in the downstream sector of the oil industry. In this interview with Vanguard’s Yemie Adeoye she speaks on infrastructural challenges and prospects of full deregulation in the downstream sub_sector of the petroleum industry.

MASTERS energy, an indigenous operator in the downstream sector has announced the arrival of its maiden vessel, Victory 1, laden with about 50000Metric tonnes of Automotive Gas Oil (AGO) also called diesel.

MOBIL Producing Nigeria (MPN), operator of its joint venture with the Nigerian National Petroleum Corporation (NNPC), is pleased to confirm that it has reached agreement with the federal government of Nigeria on the long term renewal of the NNPC-MPN joint venture leases.

UMBRELLA body for senior staff Associations in the country, the Trade Union Union Congress of Nigeria (TUC), has given some essential tips perceived to be paramount for a successful deregulation of the nation’s downstream sector of the petroleum industry.

Production activities at the 90 million standard cubic feet (scuf) per day Non Associated Gas facility came to a halt two years ago following massive invasion of the pipelines right of way by inhabitants of Umuebulu Community via erection of buildings and cultivation of farmlands.

THE Nigerian Liquefied Natural Gas Limited, (NLNG) Company has appointed Mr Basheer Koko as the new Deputy Managing Director, haven taken over from his predecessor Engineer Faithful Abbi Abbiye Suku recently. Koko, had long made a mark in the banking and advertising sectors began to parade their whiz kids, making a youthful executive of multimillion dollar business fashionable.

Chevron Nigeria Plc has recorded a significant improvement in its financials, posting a 317 per cent increase in its bottom line for the third quarter financial performance.

Key housing sector data may provide direction for Wall Street in the coming week as the market looks for confirmation of economic recovery and girds for the year-end holiday period.

VT Leasing Limited has expressed its readiness to list on the Nigerian Stock Exchange (NSE) within the next two years.
Speaking during its 20th Anniversary Celebration in Lagos, weekend, the Managing Director of the company, Mr. Akin Opeodu disclosed that its decision to list on the NSE was borne out of the enormous opportunities for growth and expansion presented by listing.