Less than one month after the Minister of Petroleum Resources, Mrs. Diezani Alison- Madueke convened a stakeholders’ forum in Abuja to x-ray the challenges confronting the nation’s three traditional refineries, signs of surge in domestic refining capacity appeared in the horizon Tuesday with the announcement that production of premium motor spirit at the Kaduna Refining and Petrochemical Company, KRPC has hit a 10 year high of over 2.5 million litres per day.

President Goodluck Jonathan has said that Nigeria now produces 2.6 million barrels of oil per day.

…Labour accuses FG of violating agreement
INDICATION of a looming industrial unrest in the nation’s Power sector over claims by three workers’ unions in the sector that the Federal Government through the Ministry of Power, has breached agreement reached with them.

Abuja – THE Federal Government says Nigeria would be producing 3 million tons per annum of liquid steel by the year 2015, in its determination for the minerals and metal sector to contribute meaningfully to the government’s transformation agenda.

ABUJA – The Federal Government has said it was willing to work with private development partners to ensure that the minerals and metal sector contributes significantly to the nation’s economic development.

UK-listed explorer Afren, which maintains a stake in Nigeria’s oil sector, has reported a 173% rise in after-tax profits on continuing operations.

TOPHER marine services has successfully constructed the first ever made in Nigeria fiber boat that can be compared to any other boat in the world.

A Federal High Court in Abuja, has fixed April 27 to deliver judgment in a suit seeking to compel the Central Bank of Nigeria, CBN, and the Attorney General of the Federation, AGF, to disclose how the $12.4 billion oil windfall money that accrued to the Federal Government between 1988 and 1994, was spent.

The Nigerian Extractive Industries Transparency Initiative (NEITI) says it will conclude audit of the oil and gas, and solid minerals sectors in October this year. The agency began a comprehensive auditing of the sectors in February.

ORGANISED Labour has described the leadership of the Bureau of Public Enterprises, BPE, as a serial liar that must not be trusted by any right thinking Nigerian.