OIL & GAS
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Supply Concern Pushes Oil Price To Highest In Six Weeks
Supply concerns in the global oil market pushed oil prices up for the first time in six weeks on Friday. Brent…
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Greenville Installs LNG Tank At 50MW Maiduguri Emergency Power Plant
Liquefied Natural Gas (LNG) company, Greenville LNG has announced the successful installation of an LNG tank and other equipment at…
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Group Warns Oil Marketers Against Planned Increase Of Fuel Pump Price
A group, consisting of Civil Society Organisations (CSOs) has issued a stern warning to Oil Marketers under the aegis of…
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Nigeria Spent N1.49tr On Fuel Import In Q1/23-NBS
The National Bureau of Statistics (NBS) has revealed that the country spent N1.492 trillion on the importation of Premium Motor…
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Group Demands Accountability From Operators Over Eleme Oil Spill
Oil Spill The incidences of two oil spills reported in Eleme, Rivers State in the last two weeks have drawn…
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Nigeria’s Oil, Gas Revenue Declined By 60% In One Month
Nigeria’s oil and gas revenue fell to N308.07 billion in February 2023 from N774.15 billion in January 2023 representing a…
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NNPCL plans another $8bn international gas pipeline
NNPC’s GMD, Mele Kyari The Group Chief Executive Officer, Nigerian National Petroleum Company Limited, Mele Kyari, on Thursday, announced that…
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Forex scarcity stalls fresh petrol importation
The hope of fresh petrol importation into the country may have been dashed, as findings revealed that oil marketers, who…
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Nigeria, Angola now Africa’s biggest oil drilling markets – Report
Nigeria has caught up with Angola in the drilling of crude oil, as both nations are now the biggest crude…
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Electric vehicle: NNPCL plans filling stations’ charging ports
The Nigerian National Petroleum Company Limited has announced plans to install charging ports across its filling stations nationwide to charge…
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NNPCL, marketers fuel vessels arrive next week – IPMAN
Kyari Large consignments of Premium Motor Spirit, popularly called petrol, being imported by major oil marketers, are to hit Nigeria…
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Unmetered customers hit 7million as Discos install 560,965 meters
Prepaid Meter Power distribution companies installed a total of 560,965 meters in 2022, as the number of unmetered registered electricity…
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Subsidy removal: FG saves N400bn in four weeks
The Federal Government has so far saved about N400bn as a result of the removal of subsidy on Premium Motor…
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Odu’a plans oil exploration
Bimbo Ashiru, Chairman Odu’a Group The Chairman, Odu’a Group, Bimbo Ashiru, said on Tuesday that it was planning to partner…
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NLPGA auto-gas boosts economy by N1tr
The Nigeria Liquefied Petroleum Gas Association (NLPGA), an umbrella body of members involved in the LPG value chain, has said…
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Confusion in power sector as DisCos hint on N300 per kilowatt electricity tariff
The electricity sector was thrown into confusion, yesterday, as distribution companies (DisCos) indicated electricity tariff could increase to about N300…
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Nigeria Amasses $3 Billion Debt To Traders For Oil Swaps – Reuters
Oil Vessel It was meant to be an arrangement by which Nigeria swapped crude oil for refined petroleum products but…
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Labour, Discos on collision course over electricity tariff hike
The Nigeria Labour Congress, power distribution companies, and the Nigerian Electricity Regulatory Commission are heading for a collision course over…
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Subsidy removal: NEITI probes petrol consumption figure
The Federal Government should not go back on its decision to halt subsidy on Premium Motor Spirit, popularly called petrol,…
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FG implements 7.5% VAT on diesel, Nigerians kick
President Bola Tinubu The Federal Government, on Monday, confirmed that it had commenced the implementation of the payment of 7.5…
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