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July 16, 2024 Port Harcourt Refinery Set to Begin Operations in Early August — NNPCL

Port Harcourt Refinery Set to Begin Operations in Early August — NNPCL

The Nigerian National Petroleum Company Limited (NNPCL) has confirmed its readiness to start refining crude oil at the Port Harcourt refinery in early August. This announcement was made by NNPCL Group Chief Executive Officer, Mele Kyari, on Monday during an emergency session with the National Assembly's joint committee on finance.

Kyari clarified that the Port Harcourt refinery will begin production by early August this year, while the Kaduna refinery is expected to start operations by December 2024. Previously, Kyari had set the kick-off date for the Port Harcourt refinery for two weeks from March 2024. He reaffirmed the new August date, emphasizing that he had not been deceptive about the timeline.

He also stated that with the addition of the Dangote refinery, Nigeria aims to reach a production target of two million barrels per day and become a net exporter of petroleum products by December.

The Port Harcourt refinery complex includes two refineries located at Alesa-Eleme near Port Harcourt in Rivers State. Port Harcourt II, a complex conversion refinery with a distillation capacity of 7,500,000 MTA (150,000 bpd), started operations in 1988. Initially designed as an export refinery, it has been repurposed to serve the domestic market due to frequent supply interruptions from Nigeria’s other three refineries. Port Harcourt II is capable of producing clean fuels, including lead-free gasoline.

Senior officials at the Federal Ministry of Petroleum Resources and the NNPCL disclosed on Saturday that the refinery is undergoing various licensing processes after receiving crude supply following its mechanical completion in December 2023. Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, confirmed that the refinery is in its final rehabilitation stage.

"The mechanical work at the Port Harcourt refinery has been completed, and crude oil has been sent to the plant. The remaining steps involve licensing and similar processes, which follow specific timeframes," explained a petroleum ministry official who requested anonymity. "Officials responsible for issuing these licenses are currently inspecting the plant. These inspections are thorough and conducted at their own pace, as they must ensure the integrity and safety of the refinery. They also need to test-run the plant. Many of the inspectors are foreign, and they can't be rushed."

In March this year, Kyari announced that the Port Harcourt refinery had received 450,000 barrels of crude oil and was set to begin operations in April, although this did not materialize. He made this statement during a press briefing after appearing before the Senate Ad-hoc Committee investigating the various Turn Around Maintenance projects of the country’s refineries.

“We achieved mechanical completion of the refinery as we stated in December. Crude oil is already stocked in the refinery, and we are conducting regulatory compliance tests, which are necessary for every refinery before starting operations. I assure you that the Port Harcourt refinery will start within the next two weeks,” Kyari stated. “Completing the mechanical work means the rehabilitation work is finished; now we must test the systems. We have also completed the mechanical work on the Warri refinery, which is undergoing regulatory compliance processes. The Kaduna refinery will be ready by December. Although we haven't reached that stage in Kaduna yet, we promise it will be delivered by December.”

July 15, 2024 Muller Announces Retirement From International Football

Muller Announces Retirement From International Football

Thomas Müller has officially announced his retirement from international football on Monday. Müller steps away following Germany’s exit from EURO 2024, concluding over 14 years of service and 131 appearances for the national team.

“It always made me very proud to play for my country. We celebrated together and sometimes shed a tear together,” said the forward in a farewell video on YouTube. “When I had the privilege of making my first international appearance over 14 years ago, I would never have dreamed of all this. I would like to say thank you to all the fans and my German teammates for their support over the years. Take the enthusiasm and joy of this year’s EUROS with you.”

Müller made his debut for the German national team on March 3, 2010, in a 1-0 defeat to Argentina. Over his international career, he participated in four World Cups and four European Championships with Germany.

With 131 appearances for Die Mannschaft, Müller ranks as the third most-capped player in DFB history, following Lothar Matthäus (150) and Miroslav Klose. Additionally, his 45 international goals place him seventh on the DFB’s all-time scoring list.

Müller now follows in the footsteps of his former Bayern Munich and Germany teammate, Toni Kroos, retiring from international football after the end of EURO 2024.

Germany's journey in the European Championships ended with a heated 2-1 loss to eventual champions Spain in the quarter-finals. Spain went on to clinch the title for a record fourth time with a thrilling 2-1 victory against England.

July 15, 2024 Family Narrowly Avoids Tragedy as Building Collapses in Lagos

Family Narrowly Avoids Tragedy as Building Collapses in Lagos

A family narrowly escaped tragedy when the boys’ quarters behind a two-storey building on No 49 Oyinlola Street, Off Adealu Bus Stop, Iyana Ipaja, Lagos State, collapsed on Saturday. Prompt action followed as residents in the area alerted emergency responders, including the Lagos State Emergency Management Agency (LASEMA), who quickly arrived at the scene.

Dr. Olufemi Damilola Oke-Osanyintolu, the Permanent Secretary of LASEMA, stated in a Sunday statement that the boys’ quarters collapsed, fortunately without harming any family members. According to him, LASEMA received distress calls around 10:44 pm on Saturday, July 13, 2024, and responded swiftly from its Igando and Cappa bases.

The statement explained, “Upon arrival, it was determined that the boys’ quarters located behind the main two-storey building had collapsed on itself. Thankfully, the single-family residing there had evacuated safely before the collapse. There were no injuries or fatalities reported."

Further investigations revealed that neglect and poor maintenance were likely causes of the collapse. LASEMA conducted public enlightenment to raise awareness about the risks associated with continued occupancy of such buildings.

As a precautionary measure, the main building, consisting of nine rooms downstairs and two upstairs flats, was cordoned off. All occupants were advised to vacate immediately for their safety and the integrity tests recommended by the Material Testing Laboratory for the main building.

The statement concluded, “Due to the inaccessible location of the collapsed boys’ quarters, manual demolition of its remnants is necessary. Additionally, clearing of debris from the collapsed structure is recommended to free up space. Integrity tests are also advised for the main building to assess its structural soundness."

LASEMA Response Teams from Cappa and Igando Base, alongside pre-hospital care teams and the Lagos State Fire and Rescue Service, were on site to manage the situation effectively.

July 15, 2024 Nigeria’s Inflation Rate Soars to 34.19% Due to Rising Food Costs

Nigeria’s Inflation Rate Soars to 34.19% Due to Rising Food Costs

Nigeria's inflation has surged to a new peak, reaching 34.19% in June 2024, as reported by the latest data from the National Bureau of Statistics (NBS). This marks a 0.24% increase from the inflation figure of May 2024.

According to the NBS Consumer Price Index (CPI) released on Monday, "In June 2024, the headline inflation rate rose to 34.19% compared to May 2024, which stood at 33.95%. This represents a 0.24% increase in the headline inflation rate from May 2024."

The year-on-year comparison shows a significant rise, with the June 2024 inflation rate standing 11.40% points higher than June 2023, which recorded 22.79% inflation.

On a month-on-month basis, June 2024 saw a headline inflation rate of 2.31%, up by 0.17% from May 2024's 2.14%. The NBS highlighted that this indicates a higher rate of price increase in June compared to May 2024.

Food inflation also experienced an uptick in June 2024 compared to May 2024. "On a month-on-month basis, the Food inflation rate in June 2024 was 2.55%, showing a 0.26% increase from May 2024 (2.28%)," stated the CPI report.

The NBS attributed this increase to higher prices of food items such as groundnut oil, palm oil (oil & fats class), water yam, cocoyam, cassava (potatoes, yam & other tubers class), and various fish varieties including catfish, croaker, mudfish, and snail (fish class).

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