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 ...

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 ...

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 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 ...

The Minister of Mines and Steel Development, Arc. Mohammed Musa Sada, has told the Bureau for Public Entreprises, BPE, to stay away from the sale of bitumen blocks, pointing out that it was the ...

The acreage was taken over by the Bitumen Project Implementation Committee (BPIC) in 1999 and later awarded to two local independents from which licences were eventually withdrawn. BPIC drilled 10 ...

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 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 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 ...