Heineken Lokpobiri
4 days ago
To ease the burden of fuel costs as the year winds up, Dangote Refinery has announced a reduction in the price of Premium Motor Spirit (PMS), also known as petrol, by N20 from N990 per litre to N970.
20 Nov
Nigeria's quest to boost crude oil production is making significant strides, as the Abigail Joseph Floating Production Storage and Offloading (FPSO) facility, operated by the NNPCL-First E&P Joint Venture on OML 83/85, ramps up output. During an inspection offshore Bayelsa State, the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, Ph.D., applauded the…
13 Nov
The Organisation of Petroleum Exporting Countries (OPEC) yesterday lowered the demand forecast for crude oil amid tumbling prices as Nigeria pumped 1.4 million barrels of oil per day in October.
11 Nov
Uncertainties, which clouded the benchmarking of oil production against Nigeria’s budget may persist as the country’s ambition to reach a production target of 2.5 million barrels per day (bpd) is mired in infrastructure and security challenges.
8 Nov
At Africa Energy Week 2024 in Cape Town, South Africa, Senator Heineken Lokpobiri, Nigeria's Minister of State for Petroleum Resources (Oil), championed Nigeria as a premier destination for energy investments in Africa. With nearly 30 per cent of Africa’s oil and gas reserves, Nigeria presents vast opportunities, bolstered by recent strategic reforms. Lokpobiri highlighted initiatives…
2 Nov
The Federal Government of Nigeria has confirmed its readiness to host the headquarters of the Africa Energy Bank (AEB), following the country’s successful bid in July 2024. Preparations are well underway to ensure a seamless operational launch of the Bank in the first quarter of 2025, marking a significant milestone in Africa’s energy sector development.…
1 Nov
Senator Heineken Lokpobiri, Nigeria's Minister of State for Petroleum Resources, addressed a distinguished gathering of the oil producers trade section (a group by the five oil giants operating in Nigeria) at the Cross Industry Group (CIG) meeting in Istanbul, Turkey. Presenting a strategic plan to navigate the challenges and opportunities within Nigeria's petroleum industry. Lokpobiri…
25 Oct
Kogi State Government, yesterday, intensified its push to secure a 13 per cent oil derivative and access to oil blocks, as the Minister of State Petroleum (Oil), Heineken Lokpobiri, insists on pushing oil production in Nigeria to 2.5 million barrels per day.
24 Oct
The Federal Government on Wednesday said it has taken steps to print one million science textbooks to boost the integration of science courses among students at the basic school level. The Minister of State for Petroleum Resources, Gas, Heineken Lokpobiri, disclosed the plan after the Federal Executive Council meeting. He explained that the project would…
18 Oct
Nigeria’s Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has visited the site of the tragic petrol tanker explosion in Majiya Town, Taura Local Government Area of Jigawa State. Accompanied by officials from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the Minister extended the Federal Government’s heartfelt condolences to the people…
16 Oct
The Minister of Petroleum Resources, Senator Heineken Lokpobiri, has expressed profound grief over the tragic petrol tanker explosion that claimed over 100 lives in Majiya town, Taura Local Government Area of Jigawa State. The explosion, which also left many injured, has shocked the nation. In a statement released on Wednesday by Nneamaka Okafor, Special Adviser…
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Troops on the frontline have neutralised no fewer than 135 terrorists and arrested 185 of them. The troops also arrested 61 perpetrators of oil theft and rescued 129 kidnapped hostages. In the South-South operational theatre, troops reportedly denied oil thieves an estimated sum of Eight Hundred and Eighty-Nine Million Two Hundred and Thirty-Three Thousand Twenty…
5 mins ago
French energy giant TotalEnergies is poised to invest an additional $750 million in Nigeria's gas sector. Mike Sangster, Senior Vice President for Africa at TotalEnergies, confirmed that the company plans to sanction a shallow-water dry gas project called Ima next year, which would further increase LNG supplies, according to Bloomberg. This investment, coupled with the…
9 mins ago
The Federal High Court in Abuja, on Friday, admitted the 109 foreign nationals allegedly involved in cybercrimes to bail in the sum of N1 billion. Justice Ekerete Akpan ordered that all 109 defendants must produce five sureties, each in the sum of N200 million for the five sureties. The sureties must, in addition, be residents…
47 mins ago
Kyiv on Friday said Russian authorities returned over 500 bodies of Ukrainian soldiers killed in combat, with most having died in the eastern Donetsk region. Russia and Ukraine have been exchanging bodies and prisoners of war since the first months of the conflict -- with casualties estimated to be high on both sides. "As a…
57 mins ago
Barcelona coach Hansi Flick on Friday said teenage winger Lamine Yamal will return after three weeks out with injury for this weekend's game against Las Palmas in La Liga. The 17-year-old has been sidelined since early November with an ankle problem and Barcelona have picked up just one point from the two league games he…
1 hour ago
Pep Guardiola says he is braced for the challenge of turning around Manchester City's fortunes after the worst run of his managerial career ahead of a daunting trip to runaway Premier League leaders Liverpool. City are without a win in six games, with five consecutive defeats followed by a 3-3 Champions League draw against Feyenoord…
1 hour ago
Nigeria’s Minister of Minister of Communications, Innovation and Digital Economy, Dr Bosun Tijani and Chair of the Board of Directors of the National Communications Authority of the Republic of Portugal (ANACOM), Prof. Sandra Maximiano have been appointed as co-chair for the global protection of submarine cable systems globally. The International Telecommunications Union (ITU) announced this…
1 hour ago
The Socio-Economic Rights and Accountability Project (SERAP) has called on President Bola Tinubu to take urgent action and direct the Chief of Army Staff (CoAS) to secure the release of investigative journalist, Fisayo Soyombo, who has been detained by the 6 Division of the Nigerian Army in Port Harcourt, Rivers State. In a statement released…
1 hour ago
The Minister of Women Affairs, Hajiya Imaan Sulaiman-Ibrahim, has said that closing gender gaps will add ₦15 trillion to Nigeria's Gross Domestic Product (GDP) annually by 2025. She stressed the need for a renewed national commitment to creating a society where every woman, child, man, and boy can live free from fear and violence.…
1 hour ago
President Bola Tinubu on Friday congratulated Dr Ngozi Okonjo-Iweala, former Coordinating Minister for the Economy and Minister of Finance, on her unanimous re-election as the Director-General of the World Trade Organisation (WTO). Tinubu in a statement also assured Okonjo-Iweala of Nigeria's steadfast support as she consolidates her bold reforms, dedication to equitable global trade practices,…