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Nigeria spends $11bn on petrochemicals import annually

Nigeria spends $11bn on petrochemicals import annually

Managing Director/Chief Executive Officer of Integrated Gas and Energy Services, LLC, Mr. Emmanuel Anyaeto, has disclosed that Nigeria spends about $11 billion on the importation of petrochemical related products annually.

Nigeria’s fuel import rises to N996bn in six months

Nigeria’s fuel import rises to N996bn in six months

Nigeria spent N995.835 billion on the importation of Premium Motor Spirit, PMS, also known as petrol, in the first half of 2018, according to latest data released by National Bureau of Statistics, NBS.

Solid minerals: Nigeria mining sector, emerging investors’ goldmine

Solid minerals: Nigeria mining sector, emerging investors’ goldmine

THE Nigerian mining sector is gradually becoming the toast of both local and foreign investors, going by the current reforms undertaken by the Federal Government in the sector.
Data obtained from the Federal Government revealed that Nigeria currently has over 44 known types of minerals of varying mixes and proven quantities, some of which are concentrated in certain regions.

Why FG stops blasting activities around tremor areas – Bwari

Why FG stops blasting activities around tremor areas – Bwari

THE Minister of Mines and Steel Development, Mr. Abubakar Bawa Bwari has revealed why the Federal Government, through his ministry, ordered the suspension of blasting and mining activities around areas that experienced minor earth tremor last week.

DPR directs Energia to pay workers N900m

DPR directs Energia to pay workers N900m

THE Department of Petroleum Resources, DPR, has directed Energia Limited, a major indigenous oil and gas producing company, to pay N900 million to sacked workers in order to escape a court-driven compensation valued at N2.0 billion.

Vanguard Detty December