Dangote Refinery drops PMS to N1,165/litre, diesel to N1,570/litre
By Peter Egwuatu Dangote Petroleum Refinery has announced a reduction in the ex-depot prices of Premium Motor Spirit (PMS) and Automotive Gas Oil (Diesel), effective Thursday 6th of August, thereby reaffirming its commitment to providing affordable, high-quality petroleum products to the Nigerian market. The company in a statement said, under the new pricing structure, the […]
PPMC exports N117bn fuel oil in one year
The Pipelines and Product Marketing Company, PPMC, a subsidiary of the Nigerian National Petroleum Corporation, NNPC, exported 1.33 billion litres of petroleum products, valued at N116.672 billion in 2013.
Nigeria needs 6.5m pre-paid meters in five years — Onyema
Techno Gas and Power, a subsidiary of Techno Oil Limited has hinted that Nigeria’s power sector needs at least 6.5 million prepaid meters to meet the energy needs of electricity consumers and help investors in the sector recoup their investment.
Forcados Terminal records 14-year export safety milestone
The Forcados Terminal operated by the Shell Petroleum Development Company, SPDC-operated Joint Venture in the western Niger Delta recently recorded a 14-year safety operation in oil exports.
Aiteo acquires Shell’s OML 29, Nembe pipelines
The Aiteo Group has finally confirmed the acquisition of 85 per cent equity in Oil Mining Lease, OML 29, being divested by the Shell Petroleum Development Company, SPDC.
Shareholders okay Access Bank’s N68bn rights issue
Shareholders of Access Bank Plc, yesterday endorsed the proposal by its Board of Directors to raise N68 billion additional capital by way of rights issue.
