OIL & GAS
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PENGASSAN Confirms Returns Of Fuel Subsidy
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has confirmed the return of fuel subsidy under President…
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FG Procures 1.25 Million Meters With N120bn W’Bank Loan
Prepaid Meter The Federal Government, on Thursday, opened the bids submitted by bidders for the procurement of 1.25 million meters…
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Depots Deserted As Petrol Landing Cost Hits N720/litre
Many petroleum products depots are currently deserted due to lack of products caused by foreign exchange rate volatility, as the…
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Govt Loses N847bn To Gas Flaring – NOSDRA
Gas flaring The Federal Government lost about N843bn to gas flaring between January 2022 and August 2023, data obtained from…
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17 Independent Power Distributors Get Licences, 10 Operational
The Federal Government has issued licenses to 17 Independent Electricity Distribution Networks operators, among which 10 are currently operational, the…
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23 Oil Blocks Failed To Produce Crude –FG
No fewer than 23 oil blocks managed by both international and local oil companies, which are under crude oil Production…
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Cooking Gas Scarcity Looms As Price Hits N1,000 Per Kg
Cooking gas scarcity looms across the country as the price of the commodity hits an all-time high of N1,000 per kilogramme…
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Government Ends Monopoly Of Gas Aggregation With New Licence
The Federal has ended its monopoly of gas aggregation with a private investor operator expected to play actively in the…
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Govt Removing Oil Production Constraints To Tackle Divestments – Lokpobiri
The Federal Government, on Thursday, said it was removing all exploration and production constraints in the oil sector as part…
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Marketers Urge FG To Address Rising Gas Prices
Gas Cylinder The Nigerian Association of Liquefied Petroleum Gas Marketers has called on the Federal Government to find ways to…
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Vandals Destroy 108 Transmission Towers, FG Alleges Sabotage
A total of 108 power transmission towers were destroyed by vandals in various parts of the country between January 2022…
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NNPCL, NCDMB, IOCs To Reduce Oil Production Costs
Mele Kyari The Nigerian National Petroleum Company and the Nigerian Content Development and Monitoring Board, on Monday, signed a Memorandum…
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Consumers Allege Sabotage As Grid Collapses Worsen Outage
The Nigerian Power Consumers Forum has condemned the spate of disturbances on the national electricity grid and the recent fire…
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FG Earned N4.3tn From Oil In 2021 – Report
Simbi The Federal Government raked in N4.3tn from the oil and gas in 2021, according to the Nigerian Extractive Industries…
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Dangote Refinery Imports Crude As NNPCL Swaps Oil For Loans
Dangote Refinery •Dangote expects crude from NNPCL November, begins operations October •$3bn crude-for-loan deals, others put pressure on local supply…
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Again, Nigeria’s Power Grid Collapses, Electricity Supply Drops to 42.7MW
Nigeria’s national grid collapsed once more on Tuesday when power generation crashed from a peak of 3,594.60 megawatts at midnight…
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NNPCL Fails To Remit $6.9 Billion, Swaps $7.1 Billion Worth Of Crude In One Year
Mele Kyari Nigerian National Petroleum Company Limited (NNPCL) failed to remit $6.923 billion and swapped about $7.108 billion of crude…
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Reps’ Committee Unveils Agencies Behind Oil Theft
The Adhoc Committee of the House of Representatives Investigating Crude Oil Theft and Loss of Revenue from Oil and Gas…
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Nigeria Loses N8.7trn Over Failure To Meet OPEC Quota In 8 Months
Nigeria lost over N8.7trillion at N758/$ between January and August because of the country’s inability to meet its quota allocated…
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Electricity Consumers Slam FG Over Power Grid Collapses
The Federal Government has said that the nationwide blackout witnessed on Thursday is due to a fire incident and an…
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