The Forward Operating Base of the Nigerian Navy in Ibaka, Mbo Local Council of Akwa Ibom State has confiscated 50 drum of illegally refined Automated Gas Oil (popularly known as diesel) and paraded 12 suspects and 486 bags of smuggled rice.

The coming on stream of the Dangote Refinery and Petrochemicals is hopeful to address Nigeria’s unemployment crisis as the company plans to engage about 2000 personnel in the field of engineering only. Group Executive Director, Strategy, Portfolio Development & Capital Projects, Dangote Industries Limited, Devakumar Edwin, who disclosed this while receiving the officials of Petroleum…

Again, the hope of better days ahead for would-be homeowners and developers in the construction sector, may have been dashed following another rounds of increase in prices of cement and iron rods in the country. The latest increase in prices of the products has sent shivers on the shoulders of buyers, leading to low patronage…

An increase in the number of new refining capacity, expected to extend till the end of 2024, signifies major competition ahead for the oil industry, with possible shutdowns, the International Energy Agency (IEA), said in its Oil 2019 Report. The IEA noted specifically that such a capacity expansion will require shutdowns to balance, estimating that…

Developments have shown that the quality of telecommunications service (voice, data and video) may not improve until Nigeria can boast of improved power supply. Power cuts and erratic supply have been linked to 70 per cent drop in quality of telecommunications services in the country. These are outside other environmental and business challenges. A tower…

The navy has disclosed that the country lost about 23.1 million litres of Automotive Gas Oil (AGO), known as diesel, as a result of illegal oil refining in 2018. Giving the 2018 scorecard of the Navy during the first quarter media dialogue at Navy Headquarters (NHQ), the Chief of Naval Staff (CNS), Vice Admiral Ibok…

The average price paid by consumers for automotive gas oil (AGO), otherwise called diesel has increased by 5.99 per cent year-on-year to N207.98 in August 2018. The commodity also saw a rise in price by 1.79 per cent on a month-on-month basis from to N204.32 in July 2018. States with the highest average price of…

Failure on the part of industry regulators in Nigeria has relegated Nigeria to the background among the comity of nations, thus making it a destination for dirty fuels. Petroleum products that are not accepted in other parts of the globe including most African nations, have continued to flood the country’s product space, leaving Nigerians, the…

A fire erupted Saturday at a refinery in southern Germany following an explosion, injuring at least 10 people and forcing authorities to temporarily evacuate almost 2,000 local residents, police said. The explosion took place at around 5:30 am (0330 GMT) in a site owned by the Bayernoil group near the Bavarian city of Ingolstadt, on…

If Nigeria that depends greatly on revenue from oil is to ban the use of petrol and diesel vehicles, it amounts to suicide if nothing crops up to take the place of oil in the national revenue matrix.

Britain said Wednesday it will outlaw the sale of new diesel and petrol cars and vans from 2040 in a bid to cut air pollution but environmental groups said the proposals did not go far enough.