• Latest
  • Trending
Nigeria Approves $1.5bn For Rehabilitation of Port Harcourt Refinery

Nigeria Approves $1.5bn For Rehabilitation of Port Harcourt Refinery

March 17, 2021
IPOB Declines Asylum To UK- Trending with Ojy Okpe

IPOB Declines Asylum To UK- Trending with Ojy Okpe

April 21, 2021
Global Business Report

Global Business Report

April 21, 2021
Morning Show

Morning Show

April 21, 2021
ARISE.TV HEADLINES 21-04-21

Nigeria’s Constitution Fraudulent, Not the One Agreed to at Independence – Afenifere Leader Adebanjo

April 21, 2021
ARISE.TV HEADLINES 21-04-21

Buhari, APC Are Enemies of Nigeria’s Unity – Afenifere Leader Adebanjo

April 21, 2021
ARISE.TV HEADLINES 21-04-21

ARISE.TV HEADLINES 21-04-21

April 21, 2021
Schools in South Sudan to Reopen 3rd May After One-year Closure

Schools in South Sudan to Reopen 3rd May After One-year Closure

April 21, 2021
Gunmen Abduct Seven in Kaduna

Nigeria: Gunmen Abduct ‘Many’ University Students in Northwest Kaduna

April 21, 2021
As Fuel Queues Return, Nigeria’s State-owned Oil Company Cautions Against Panic Buying

Fuel Queues Persist in Abuja Despite NNPC’s Intervention

April 21, 2021
‘Unprovoked Escalation’: US Slams Russian Plan to Block Black Sea

‘Unprovoked Escalation’: US Slams Russian Plan to Block Black Sea

April 21, 2021
EU, South Africa Join US in Pausing Johnson & Johnson Vaccine Over Blood Clots

J&J to Resume Rollout of Covid-19 Vaccine in Europe with Safety Warning

April 21, 2021
Outrage, Threats of Ban as 12 European Football Teams Plan to Form Breakaway ‘Super League’

Super League Collapses after the Six English Clubs Withdraw

April 21, 2021
Trial of Ex-Police Officer in George Floyd Killing Resumes

Floyd Verdict Gives Hope, If Only Fleeting, to Black America

April 21, 2021
Destroying Public Property Is Self Destruction, Kaduna Governor El-Rufai Tells Lagos Youths

Nigeria: Bandits Deserve Death Not Ransom, Kaduna Governor el-Rufai Proclaims

April 21, 2021
Buhari ‘Disgusted’ By CNN, BBC Coverage of #EndSARS Protests

Buhari Mourns Chadian President Deby, Who Died Fighting Rebels

April 21, 2021
Nigeria: PDP Governors Restate Case for Decentralised Police

Nigeria: Governors Plead with Central Bank, Finance Minister to Shelve Loan Deductions

April 21, 2021
CBN Cuts Lending Rate to 11.5%

Nigeria’s Central Bank Guarantees Exporters Unfettered Access to Sales Proceeds

April 21, 2021

World’s Oldest Monarch Queen Elizabeth Marks 95th Birthday, Days after Husband’s Funeral

April 21, 2021

‘Justice At Last’: Obama, Oprah, Hillary Clinton Hail Chauvin Guilty Verdict in George Floyd Death

April 21, 2021
Biden Raises Election Meddling With Putin in First Phone Call

Biden: George Floyd Murder Verdict Giant Step Forward but We Can Do More

April 21, 2021
Zimbabwe Will Allow Shooting Some Elephants At $70,000 Each To Raise Money

Zimbabwe Will Allow Shooting Some Elephants At $70,000 Each To Raise Money

April 21, 2021
Chauvin Waives Right to Testify at Murder Trial for George Floyd Arrest

George Floyd: Derek Chauvin Convicted of Murder

April 20, 2021
Premier League Condemns Plan For $6bn European Super League as Uefa Vows to Stop ‘Cynical Project’

Chelsea, Man City Withdraw from European Super League

April 20, 2021
ARISE XCHANGE

ARISE XCHANGE

April 20, 2021
BREAKING: Ed Woodward Resigns as Vice-chairman  of Man United Over Super League Backlash

BREAKING: Ed Woodward Resigns as Vice-chairman of Man United Over Super League Backlash

April 20, 2021

You Can’t Have 33% Unemployment and Not Have to Deal with the Implications – Nigeria Governors’ Chairman Fayemi

April 20, 2021
Nigeria: FG Turned Down Governors’ Request to Borrow N50bn from Central Bank, Finance Minister Ahmed Says

Education of Nigerian Children an Investment in Country’s Economy, Finance Minister Ahmed Says

April 20, 2021
Chelsea Preparing to Formally Withdraw from European Super League – Sky Sports

Chelsea Preparing to Formally Withdraw from European Super League – Sky Sports

April 20, 2021
Tone Down the Hype: Narrative on Insecurity Within Nigeria’s Media Space Misleading – Defence Chief Lucky Irabor

Tone Down the Hype: Narrative on Insecurity Within Nigeria’s Media Space Misleading – Defence Chief Lucky Irabor

April 20, 2021
Military Dissolves Chadian Government after Idriss Deby’s Death, Names His Son Mahamat Interim President

Military Dissolves Chadian Government after Idriss Deby’s Death, Names His Son Mahamat Interim President

April 20, 2021
en English
ar Arabiczh-CN Chinese (Simplified)nl Dutchen Englishfr Frenchde Germanit Italianpt Portugueseru Russianes Spanish
No Result
View All Result
Wednesday, April 21, 2021
Arise News
  • HOME
  • Breaking
  • Global
  • Regional
  • BUSINESS
  • Politics
    • US ELECTION
  • Entertainment
  • Sports
  • TECH
  • Health
  • VIDEOS
  • Covid-19 Updates
Arise News
  • HOME
  • Breaking
  • Global
  • Regional
  • BUSINESS
  • Politics
    • US ELECTION
  • Entertainment
  • Sports
  • TECH
  • Health
  • VIDEOS
  • Covid-19 Updates
No Result
View All Result
Arise News
No Result
View All Result
Home Business

Nigeria Approves $1.5bn For Rehabilitation of Port Harcourt Refinery

March 17, 2021
Reading Time: 2min
0 0
0
Nigeria Approves $1.5bn For Rehabilitation of Port Harcourt Refinery
Share on FacebookShare on Twitter
Nigeria’s Federal Executive Council (FEC) has approved $1.5 billion for the rehabilitation of the Port Harcourt refinery as proposed by the Ministry of Petroleum Resources.
The weekly FEC meeting approved the amount at its virtual meeting held Wednesday and presided by President Muhammadu Buhari.
Nigeria currently imports all its refined petroleum products despite having four refineries.
The Minister of State for Petroleum, Timipre Sylva, who briefed state house correspondents after the meeting said the rehabilitation will be done in three phases.

Mr Sylva said: “The Ministry of Petroleum Resources presented a memo on the rehabilitation of Port Harcourt refinery for the sum of $1.5bn, and that memo was $1.5 billion and it was approved by council today.

“So we are happy to announce that the rehabilitation of productivity refinery will commence in three phases. The first phase is to be completed in 18 months, which will take the refinery to a production of 90 per cent of its nameplate capacity.
“The second phase is to be completed in 24 months and all the final stage will be completed in 44 months and consultations are approved.
“And I believe that this is good news for Nigeria.”
By Abekl Ejikeme

Tags: Port Harcourt Refinery
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2020 Arise News - Part of the Arise Media Group.

No Result
View All Result
  • HOME
  • Breaking
  • Global
  • Regional
  • BUSINESS
  • Politics
    • US ELECTION
  • Entertainment
  • Sports
  • TECH
  • Health
  • VIDEOS
  • Covid-19 Updates

© 2020 Arise News - Part of the Arise Media Group.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist