OIL & GAS
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Subsidy removal won’t spike inflation, says World Bank
• Data contradict Chaudhuri’s argument • ‘Social scheme doesn’t benefit the majority of poor people• Nigeria tops tables of all wrong data• Economy cannot grow faster…
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PENGASSAN faults compulsory COVID-19 test for workers
Gives terms for supporting subsidy removal The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has expressed dismay…
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Fuel worth N12.87bn lost in seven months, says NNPC
Petroleum products valued at N12.87bn were lost in seven months as oil theft and pipeline vandalism continued to plague the…
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Duport modular refinery set for completion December – NCDMB
The Executive Secretary of the Nigerian Content Development and Monitoring Board, Mr Simbi Wabote, has said the Duport Modular Refinery…
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NLC rejects planned petrol price increase
The Nigeria Labour Congress has called on the Federal Government to consider options to help the country embrace developmental governance…
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FG can’t regulate rising cooking gas price, says Sylva
The Federal Government has said it has no direct control over the rising prices of Liquefied Petroleum Gas, popularly called…
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Fuel marketers predict N170/litre, claim supply drop, NNPC disagrees
The pump price of Premium Motor Spirit, popularly called petrol, may rise from the current N162-N165/litre to N170/litre, while its…
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Inflation may push 91 million Nigerians below poverty line – W’Bank
The World Bank says the general increase in food prices which occurred between June 2020 and June 2021 may have…
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FG raises power tariff December, begins free meters purchase
Power consumers nationwide may start to pay more for electricity, following plans by the Federal Government to carry out a…
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Fuel queues hit Abuja, Nasarawa, Niger over NUPENG’s strike threat
Queues by motorists for Premium Motor Spirit, popularly called petrol, surfaced in parts of Federal Capital Territory, Abuja, Nasarawa and…
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NUPENG threatens nationwide strike, fuel scarcity looms
Nigeria may experience fuel scarcity in the coming days following the threat issued on Monday by the Nigerian Union of…
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Chevron, ExxonMobil, others to pay NNPC N156bn for crude exports
Nine multinational oil companies including Chevron and ExxonMobil will pay the Nigerian National Petroleum Company Limited a total of N156.148bn…
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Libya overtakes Nigeria as Africa’s biggest oil producer
Nigeria has lost its Africa’s top oil producer status to Libya as its crude oil production fell further last month…
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Nigeria’s October oil output fell to 1.37 million bpd – Report
Nigeria’s crude oil production dropped to 1.37 million barrels per day last month from 1.39 million bpd, a survey by…
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IPMAN partners NNPC, raises task force against fuel hoarding
Queues for Premium Motor Spirit, popularly called petrol, surfaced in Kano on Monday, as motorists decried the scarcity of PMS…
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Cooking gas price jumps by 240%, marketers halt imports
Importers of Liquefied Petroleum Gas, popularly called cooking gas, have stopped importing the commodity. Investigations also show that the cost…
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Obsolete equipment, major problem affecting power transmission, distribution – Minister
The Minister of Power, Abubakar Aliyu, has said obsolete and weak equipment are the major problem affecting electricity transmission and…
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Subsidy payment costs N864.07bn in nine months –NNPC report
The Nigerian National Petroleum Corporation spent a total of N864.07bn between January and September subsidising Premium Motor Spirit, popularly known…
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NLNG cuts cooking gas exports to meet domestic demand
The Nigeria LNG Limited has said it has reduced its exports of Liquefied Petroleum Gas, also known as cooking gas,…
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We lose N2.5bn to meter bypass monthly, says PHED
The Port Harcourt Electricity Distribution Company has said it loses N2.5bn monthly to meter bypass by power consumers within its…
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