IPO: Dangote Petroleum Refinery extends offer period by two weeks
A Nigerian oil refinery owned by Africa's richest man is extending the deadline for its initial public offering in order to broaden participation, its owner said Monday.
ELECTRICITY: 159 power equipment containers still stranded at seaports – TCN
The Transmission Company of Nigeria (TCN) has said that about 159 power equipment containers of various power equipment abandoned by contractors are still stranded at various seaports across the country.
Nigerian LNG cargo to arrive Portugal tomorrow
A cargo of liquefied natural gas loaded at the Nigerian Liquefied Natural Gas, NLNG, facility on Bonny Island is currently on its way to Portugal.
Eni sees East Med as key to diversifying Europe’s gas imports
Gas projects in east Mediterranean countries such as Egypt, Cyprus and Israel will be key to help Europe diversify its gas imports as output in the North Sea is dropping and Russian supplies are rising.
Fuel subsidy payment rises to N17bn in one month
Fuel subsidy payment incurred by the Nigerian National Petroleum Corporation, NNPC, rose by N9.94 billion to N16.785 billion. This was to ensure that the price of Premium Motor Spirit, also known as petrol, did not rise above the official rate of N145 per litre.
Fuel Crisis: LCCI seeks urgent review of current policy framework
The Lagos Chamber of Commerce and Industry, LCCI, said the recent fuel crisis once again underscores the need to urgently review the current policy framework for the petroleum downstream segment of the oil and gas industry.
