President Muhammadu Buhari inaugurated the Pinnacle Oil and Gas FZE Terminal in Lekki, Lagos, on Saturday saying the operations of the facility would ease congestion at the Apapa Port area.
In a video message at the inauguration of the facility, the president said it had also reduced cost and delivery of petroleum products distribution to many parts of the country.
“I am happy today that Pinnacle Oil and Gas Ltd. leveraged on the opportunities and established this massive terminal facility,’’ he said. He expressed the hope that other investors would replicate the feats achieved by Pinnacle Oil and Gas Ltd. Mba said the company was in advanced conversations with nearby Dangote Refinery with a view to forming the nucleus of what would become Africa’s largest energy logistics hub.
“They can berth at our Conventional Buoy Mooring, which is in 17 metres of water depth and can handle vessels of up to 120 million litres.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nepotism, cronyism fueling corruption in civil service – Buhari | The Guardian Nigeria News - Nigeria and World NewsPresident Muhammadu Buhari, yesterday, decried the menace of corruption, which he said has continued to thrive in the civil service as it’s garbed in the cloak of nepotism, cronyism and political patronage among others including lack of transparency, accountability and other social misdemeanor.
Read more »
Former Chinese president Hu removed from Congress | The Guardian Nigeria News - Nigeria and World NewsFormer Chinese president Hu Jintao was unexpectedly led out of Saturday’s closing ceremony of the Communist Party Congress in a dramatic moment that disrupted the highly choreographed event. Hu’s departure was left unexplained, and the nation’s censors appeared to quickly scrub any recent references to him from the internet. The frail-looking 79-year-old seemed reluctant to […]
Read more »
We can repeat Lagos success in Nigeria — Tinubu | The Guardian Nigeria News - Nigeria and World NewsAsiwaju Bola Tinubu, the Presidential Candidate of All Progressives Congress (APC) in 2023 general elections , has said that his successes as Lagos State
Read more »
Airspace agency rallies operators behind multilateration project | The Guardian Nigeria News - Nigeria and World NewsNigerian Airspace Management Agency (NAMA) has rallied aviation stakeholders behind the imminent implementation of the Wide Area Multilateration (WAM) Surveillance Air Traffic Management System in the Gulf of Guinea.
Read more »
Mikel Obi is RIF Trust’s brand ambassador | The Guardian Nigeria News - Nigeria and World NewsFormer Super Eagles captain and Chelsea legend, Mikel Obi, has been unveiled as the brand ambassador of International Residency and Citizenship, an Investment advisory firm, RIF Trust. The announcement
Read more »
INEC urged to sue Electoral Act violators | The Guardian Nigeria News - Nigeria and World NewsThe Independent National Electoral Commission (INEC) has been urged to invoke its powers and file charges against persons, particularly politicians, who violate the Electoral Act.
Read more »