Nigerian News from Leadership News
  • Nigeria’s Oil Production Rises To 2mbp – Kachikwu

    | Leave a comment

    Minister of state for petroleum resources, Dr Ibe Kachikwu, has said the country now produces two million barrels of oil per day (bpd). Kachikwu said this when he defended his ministry’s budget before the House of Representatives committee on petroleum resources (Upstream). He told the committee, which was chaired by Victor Nwokolo, a lawmaker from…

    Continue Reading ...
  • Investor To Build N5.2bn Biofuels Refinery In Kogi State

    | Leave a comment

    The managing director of Biodiesel Nigeria Limited, Engr. Hussaini Solomon, has said his company has concluded arrangement to establish a mini-biodiesel refinery in Lokoja, Kogi state worth N5.2 billion. In an exclusive chat with LEADERSHIP, Solomon said his company, which recently signed a memorandum of understanding (MoU) with the Kogi State government and other relevant…

    Continue Reading ...
  • Biofuels To Become Nigeria’s Source Of Forex – Kachikwu

    | Leave a comment

    The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has highlighted the inherent potentials in the nation’s biofuels industry, declaring that if properly harnessed, the sector will soon become a major source of earning foreign exchange. “Time has come for us to explore alternative energy and revenue sources with the abundance of land and…

    Continue Reading ...
  • NDDC Unable To Account For N7.4bn Dev Fund, Says NEITI

    | Leave a comment

    The Nigeria Extractive Industries Transparency Initiative (NEITI) has accused the Niger Delta Development Commission (NDDC) of misappropriating the sum N7.4 billion, as it is unable to account for it. The funds is said to have been allocated for grassroots development projects. Making the disclosure at a retreat of NDDC in Port Harcourt, Waziri Adio, executive…

    Continue Reading ...
  • Oil Prices Rise As Russia, OPEC Begin Production Cut

    | Leave a comment

    Oil price yesterday headed northward to around $56 a barrel, climbing on supports from Russia and members of the Organization of the Petroleum Exporting Countries (OPEC) who are delivering on promised supply reductions. Reuters’ report confirms that Russia cut production in January by around 100,000 barrels per day (bpd), even as a survey conducted by…

    Continue Reading ...
  • NNPC Clarifies Position On Revenue Collection

    | Leave a comment

    The Nigerian National Petroleum Corporation (NNPC) yesterday faulted claims that it is involved in the collection of signature bonuses (funds) paid by oil companies to the Federal Government upon their successful bid for oil blocks. The Group Managing Director of NNPC, Dr Maikanti Baru, said the Corporation had no role in the collection of signature…

    Continue Reading ...
  • Divergent Views Over NNPC’s Crude Lifting Contracts

    | Leave a comment

    Experts in the oil industry has continue to express divergent views over the recent announcement by the Nigerian National Petroleum Corporation (NNPC) on the list of success bidders for the lifting and selling of country’s crude oil for the 2017/2018. While some see the increase in the number of local firms in the operation as…

    Continue Reading ...

Daily Columns