A fact-finding agency has faulted the claims of the Minister of Mines and Steel, Abubakar Bwari, who said that millions of Nigerians survive on artisanal and small-scale mining. The Punch has reported. Africa Check, an independent fact-checking organisation, quoted Bwari as saying, “With the renewed interest in mining brought about by the current administration’s diversification…
The European Union and French Development Bank have committed to procure a 330KVA transformer to improve power supply to Daura LGA and surrounding communities in Katsina, the Transmission Company of Nigeria (TCN) has said. An official of the company, Mr Wale Adeyemi made this known on Tuesday during an inspection of the project site, saying…
Polish oil refiner PKN Orlen expects to receive a first ever shipment of Nigerian crude oil next month, its CEO said, as Poland seeks to reduce its reliance on Russian supplies. State-run PKN Orlen, Poland’s biggest refiner, and smaller rival Lotos, which it is taking over, rely mostly on Russian oil delivered via pipelines built…
Nigeria’s oil and gas firm, Techno Oil Limited has unveiled its TechnoGas Liquefied Petroleum Gas (LPG) cylinders at the 31st World LPG Forum holding in Houston, Texas in the United States of America. LPG is also popularly known as cooking gas. The Sun newspaper has reported. The unveiling of the cylinders formally makes Nigeria to…
By Oke Peter Oil price, yesterday, dropped to around $83 a barrel on pressured by expectations that some Iranian oil exports will keep flowing after the U.S. reimposes sanctions, easing a strain on supplies. Brent crude, the international benchmark was down $1.07 to $83.09 per barrel at 0817 GMT. It hit a four-year high of…
By Oke Peter The Transmission Company of Nigeria (TCN) says it has fully repaired the 30MVA 132/33KV power transformer in Oghara transmission substation in Delta. The TCN’s General Manager, Public Affairs, Mrs Ndidi Mbah, made this known in a statement on Monday in Abuja, saying that the transformer under reference had also been energised since…
By Damilola Shittu The Federal Government on Monday announced that it had raised the sum of $177m out of the $1bn required for the cleanup of Ogoni land in the Niger Delta region of Nigeria. It stated that refineries of crude oil were expected to raise the balance, adding that the $1bn was to be…
