NNPC shops for private firms to operate Port Harcourt refinery – Newstrends
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NNPC shops for private firms to operate Port Harcourt refinery

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NNPC shops for private firms to operate Port Harcourt refinery

 

The Nigerian National Petroleum Company (NNPC) Limited is seeking credible companies to operate and maintain the Port Harcourt Refining Company.
This is coming three weeks after the NNPC announced the completion of the turnaround maintenance phase one at the refinery.
In a statement on its X page on Monday, the national oil company said outsourcing the maintenance of the refinery is to ensure sustainability towards meeting the country’s fuel supply and energy security needs.
According to the NNPC, the operations and maintenance contract scope of work includes refinery business processes; long-term and short-term production/operations planning; production and operations execution; monitoring, reporting and optimisation of operations; maintenance planning (short term); maintenance execution; health and safety; and environmental management.
Others, the NNPC said, are reliability and inspection; process and controls engineering; quality control, quality assurance and laboratory; specialist engineering; environmental management; minor projects; non-hydrocarbon procurement; sub-contractor management; inventory and warehouse management; and turnaround maintenance planning and execution.
The NNPC said applicants must present audited accounts for the past four years (2019, 2020, 2021, and 2022) that include income statement, balance sheet and cash flow statement.
“Provide evidence of your company’s latest credit ratings and the name of the rating agency,” the oil company said.
“Demonstration of a minimum average annual Turnover of at least $2 billion USD for the financial years ending: 2019, 2020, 2021 and 2022 respectively.”
Provide evidence of your company’s latest credit ratings and the name of the rating agency,” the oil company said.
“Demonstration of a minimum average annual Turnover of at least $2 billion USD for the financial years ending: 2019, 2020, 2021 and 2022 respectively.”
The oil company said it is important for applicants to register “your company for participation in this EOI process in the NNPC Ltd /Nipex Tender process portal”.
“All interested bidders who do not provide as requested in Section 5.1 (a- e) above as at 12:00 Midnight, Monday 29th January 2024 will no longer have access to submit the mandatory details,” NNPC said.
“Individual bidders would be duly notified on th the NNPC Ltd /Nipex Tender Portal.
“Thereafter, the bidder would have access to make their submissions on the NNPC Ltd/Nipex Tender Portal.
“All submitted EOIs should be titled “EOI for the Provision of Operations and Maintenance (0O&M) Services for NNPC Limited Port-Harcourt Refining Company (PHRC).”
The firm said all documents should be submitted online through the electronic NNPC Ltd /NipeX tender portal on or before 12:00pm on February 26, 2024.
“The EOI shall be opened virtually, following the deadline for EOIs submission at 12:00 Noon on Monday 26th February 2024, using the NNPC Microsoft Teams. Bidders who have submitted their EOls and external observers shall be invited to attend the virtual live stream bid opening session,” NNPC said.

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Chery sets Novare Mall aglow with unique display, unveils six-year free service

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Chery sets Novare Mall aglow with unique display, unveils six-year free service

Chery recently created some memorable excitement at Novare Mall, Lekki-Lagos, thrilling patrons and visitors to an exhilarating four-day display of luxury and entertainment.

Chery’s national dealer, Carloha Nigeria, also unveiled six-year free service for Chery automobiles, among other offers, to ensure the vehicles receive top-notch care and attention.

The event held from May 9 to May 12, 2024 offered the brand, renowned for its innovation and excellence, the opportunity to entertain a great number of people.
The star attractions, the Tiggo 8 Pro and Tiggo 2 Pro, captivated visitors with their sleek designs, advanced features, and superior performance, according to a statement by the auto company
It stated, “The excitement did not end with the display; Carloha Nigeria, the Chery national dealer, introduced groundbreaking offers, redefining vehicle ownership dynamics in Nigeria.
“Enthusiasts and casual onlookers alike were treated to an immersive experience at the Novare Mall as they explored the cutting-edge technology and craftsmanship of the Tiggo 8 Pro and Tiggo 2 Pro.”
The vehicles from their striking exteriors to their luxurious interiors are said to epitomize Chery’s commitment to delivering excellence on every journey.
One of the highlights of the event was the electrifying Social Media Challenge, where automobile aficionados seized the opportunity to snap pictures with the Chery vehicles on display, igniting a frenzy of likes and shares across various platforms.
Participants eagerly vied for the chance to win exclusive prizes generously offered by Chery, adding an element of friendly competition and camaraderie to the proceedings.
In a bid to make vehicle ownership not only accessible but also remarkably convenient, Carloha Nigeria unveiled an unprecedented proposition that is set to revolutionize the automotive landscape.
With a focus on customer satisfaction and peace of mind, Carloha Nigeria announced an extraordinary package: Say goodbye to maintenance worries as Carloha Nigeria offers six-year free service, ensuring your Chery vehicle receives top-notch care and attention.
Drive with confidence knowing that Carloha Nigeria offers an extensive warranty, providing comprehensive coverage for six years or up to 200,000 kilometers, whichever comes first.
Mr. Joseph Omokhapue, Sales and Marketing Director for Carloha Nigeria, said, “This groundbreaking offer underscores Carloha Nigeria’s commitment to empowering customers and enhancing their overall ownership experience.
“By alleviating concerns associated with maintenance costs and warranty coverage, Carloha Nigeria paves the way for hassle-free driving and unparalleled peace of mind.”
The firm described Chery’s captivating showcase at Novare Mall as a testament to the brand’s unwavering dedication to innovation, quality, and customer satisfaction.

It said, “With the Tiggo 8 Pro and Tiggo 2 Pro setting new standards of excellence, coupled with Carloha Nigeria’s game-changing offer, the event left an indelible impression on attendees, promising a future where driving is not just a necessity but a source of joy and fulfilment.

“As Chery and Carloha Nigeria continue to push the boundaries of automotive excellence, enthusiasts and prospective buyers can eagerly anticipate more groundbreaking developments and opportunities to experience the thrill of driving with confidence, convenience, and unparalleled luxury,” it stated.

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Private depots have raised petrol price to N770/litre – Marketers

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Private depots have raised petrol price to N770/litre – Marketers

Independent Petroleum Marketers Association of Nigeria (IPMAN) at the weekend raised the alarm as private depots increased the cost of Premium Motor Spirit (PMS) petrol to N770 per litre.

Its National President, Alhaji Abubakar Maigandi, broke the news to The Nation on phone.

According to him, the depots are complaining that the cost of cargo freight at the high sea has increased and affected their prices.

He said this accounted for the high cost of petrol nationwide, despite its availability.

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Panic in financial sector, others over depreciating naira at N1,500/$

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Panic in financial sector, others over depreciating naira at N1,500/$

The depreciating value of Nigeria’s currency, the naira, is causing panic among businesspeople and others in the finance sector.
Naira went over N1,500 mark to one US dollar on Sunday on the parallel market.

Ibrahim Dollar as one of the BDC operators in Lagos is called told Newstrends Sunday morning that there appeared to be a mop-up of the dollars.

He said, “As of today, we sell one dollar at N1,500 and buy at N1,460.

“In the last one month, we get more people buying the dollars than those exchanging dollars for naira.”
The N500/$ rate is about N34 loss compared to 1,466 that the naira exchanged for a US dollar on Friday.
The naira lost N40 between Thursday and Friday when it closed at N1,426 to a dollar, according to the National Autonomous Foreign Exchange Market (NAFEM), the official exchange market.
Surprisingly, the naira had about a month ago firmed up against the dollar, exchanging below N1,000.

The continued fall in naira has fuelled the fears that prices of goods including food items may further rise and worsen the current high cost of living.

Nigeria’s inflation rate jumped to 33.20% in March 2024 from 31.70% in February when naira recorded some gain
This was after a number of reforms and interventions by the Central Bank of Nigeria (CBN) including supply of dollars to the Bureau De Change (BDC) operators.
But with increasing demand for the US dollars, the earlier gain has been retarded.
A report by Bloomberg last week rated the naira as the worst performing current in the world in the last one month.
This was after the CBN had disclosed that the naira came as the best performing currency.

The Economic and Financial Crimes Commission (EFCC) last week announced that henceforth transactions at the foreign embassies in Nigeria would be conducted in naira and no longer in dollars, just to shore up the value of the nation’s currency.

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