•Tinubu Nigeria’s long wait for local refining of petroleum products and overhaul of the downstream segment of the oil and gas industry is faltering on political points fueled by President Bola Ahmed Tinubu and feted by the ‘commercialised’ Nigerian National Petroleum Company Limited (NNPCL). While technical, science, engineering and business ...
The Chairman of the Dangote Group Aliko Dangote has clarified the recent visit of officials of the Economic and Financial Crimes Commission (EFCC) to its office but assured of its commitment to helping the agency with its investigations. EFCC officials visited the Dangote Group headquarters in Lagos over details of foreign exchange allocated t...
•FPSO Vessel A retired Admiral in the Nigerian Navy who manned the maritime sector and witnessed the impunity with which the crude oil thieves operated has a message for the government of Ahmed Bola Tinubu: “Direct the military to blow up any ship used in stealing our crude oil, sink the ship with its crew, […]
One month after the federal government promised to crash the cost of Liquefied Petroleum Gas (LPG), also known as cooking gas, households and businesses are still paying high prices for every kilogram of the commodity. This is because the price has remained on the high side, as investigation revealed that not much has been achieved […]
•Port Harcourt Refinery The Nigerian National Petroleum Corporation Limited has revealed that test runs at the 60,000-bpd Port Harcourt refinery will be completed this month. “Testing will conclude shortly, ensuring the refinery’s efficient operation. That phase will be completed this month,” Reuters quoted NNPC spokesperson, Femi Soneye, as s...
A member of the House of Representatives representing Ideato North South Federal Constituency, Hon. Ikenga Ugochinyere Ikeagwuonu, has expressed concerns over the raid of headquarters of the Dangote Group by operatives of Economic and Financial Crimes Commission (EFCC). EFCC yesterday raided the headquarters of the Dangote Group in connection ...
•Wabara A former Senate President and Chairman, Board of Trustees, BoT, of the Peoples Democratic Party, PDP, Dr Adolphus Wabara, has faulted President Bola Tinubu’s recent directive for the abolition of Treasury Single Account, TSA, and introduction of Sub-Recurrent Account, SRA. It will be recalled that the Ministry of Finance had on Decembe...
The naira yesterday depreciated to N1,240 per dollar in the parallel market from N1,235 per dollar on Wednesday. However, the naira appreciated to N895.23 per dollar in the Nigerian Foreign Exchange Market (NAFEM), thus widening the gap between the official and parallel market exchange rates to N344.77 per dollar yesterday from N199.88 per dol...
Nigeria spent N2.7 trillion to import premium motor spirit (PMS), diesel and jet fuel in the third quarter of 2023, data by the National Bureau of Statistics (NBS) has shown. Coming amidst the inability to overhaul the country’s refineries, white products have remained the largest import of the country, reports The Guardian. The total import [...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Nigeria National Petroleum Company Limited (NNPCL) have warned Nigerians against panic-buying and dismissing reports of a planned hike in the pump price of petrol also called Premium Motor Spirit (PMS). According to reports, fuel marketers clashed with the Nigerian Nati...
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
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