The Federal Government, Monday, disclosed concessioning of bitumen blocks to prospective local and international companies in order to reduce importation of the commodity. This was made known by the ...

The underlying substance is Sumerian bitumen: a naturally occurring petroleum material (often called an asphalt-like “black goo”) long associated with waterproofing and adhesion, and even with ...

Abuja — Sixteen investors from Nigeria, China, United States, Canada and South Africa, yesterday put in Expressions of Interest for the existing bitumen blocks in the country. Minister of Mines and ...

The Minister of Mines and Steel Development, Olamilekan Adegbite, has said that the cost of road construction in the country would ultimately go down with the local production of bitumen. The minister ...

Abuja — The Bitumen Project Implementation Committee (BPIC) yesterday in Abuja opened the bids document process with several bidders complaining of inadequate and uniform information. The bidders ...

The Nigerian government spent $13 million on bitumen imports in 2020 despite the nation’s huge deposits, the director-general of the Mining Cadastre Office, Simon Nkom, has said. Mr Nkom disclosed ...

THE Federal Government, on Monday, disclosed concessioning of bitumen blocks to prospective local and international companies in order to reduce importation of the commodity. This was made known by ...

As part of the Federal Government’s efforts to stop the importation of bitumen into Nigeria, the Ministry of Mines and Steel Development, through the Nigerian Geological Survey Agency (NGSA), has ...

The Nigerian government says it will issue a Request for Qualifications in June for bidders interested in receiving concessions to begin the production of bitumen in the country. Nigeria holds about ...

James Chen, CMT is an expert trader, investment adviser, and global market strategist. Cierra Murry is an expert in banking, credit cards, investing, loans, mortgages, and real estate. She is a ...

The Nigerian Government on Tuesday announced the award of an oil block license to Ondo State Government for bitumen exploration. The Minister of Mines and Steels Development, Dr. Kayode Fayemi who ...

The Federal Government has beckoned on national and international investors interested in the development of the nation’s 42 billion barrels of bitumen reserves. Speaking at a virtual event organised ...