OIL & GAS
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Dangote to begin crude oil production in July
The President, Dangote Industries Limited, Aliko Dangote, will begin oil production in July from two assets he acquired from Royal…
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Petrol imports gulped N1.71tn in 2019, says NBS
The amount spent on petrol imported into the country dropped by 42 per cent to N1.71tn in 2019, data obtained…
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NCDMB, Shell sign deal on Bayelsa gas facility
The Nigerian Content Development and Monitoring Board has announced the signing of an agreement with Shell Nigeria Gas for the…
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Refineries receive N80.74bn crude oil despite being dormant
A total of 4,084,560 barrels of crude oil valued at N80.74bn were supplied to Nigeria’s refineries for a period of…
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OPEC slashes 2020 oil demand estimate, output due to coronavirus
Organisation of the Petroleum Exporting Countries (OPEC), further slashed its 2020 oil demand forecast on Thursday, due to the Coronavirus…
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Coronavirus: FG to review budget as oil price plunges
The Federal Government has announced plans to review the 2020 budget as crude oil revenue comes under pressure from the…
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FG’s 330kv/132kv transmission station to improve North West’s electricity access
The Federal Government is currently constructing a new 330kv/132kv substation in Daura, Katsina State as part of its plan to…
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Nigeria faces harder times as OPEC mulls 2.7 million daily cut
Nigeria’s vulnerable economy may face further challenges following plans by the Organisation of Petroleum Exporting Countries (OPEC) to reduce crude…
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Power distributors’ revenue collection rises to N473bn
The revenue collected by power distribution companies in the county hit a new record high of N473bn in 2019. The…
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Ajaokuta-Kaduna-Kano Gas Pipeline Construction To Begin Q2
The Nigerian National Petroleum Corporation has said it will commence the construction of the Ajaokuta-Kaduna-Kano gas pipeline in the second…
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We can’t invest in customer metering –Ikeja Disco
Ikeja Electric, one of the nation’s power distribution companies, has said it can no longer invest in customer metering. The…
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Senate seeks end to gas flaring, laments N217bn loss
Gas flare sites’ bidding ends April 10 – FG The Senate on Thursday lamented the nation’s huge revenue loss due…
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N128bn lost to gas flaring in 11 months — NNPC
Oil and gas firms operating in the country flared a total of 225.81 billion standard cubic feet of natural gas…
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NERC puts limits on Discos’ estimated billing
The Nigerian Electricity Regulatory Commission has placed limits on estimated bills that can be issued by electricity distribution companies to…
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Seplat’s ANOH Gas Project To Boost Nigeria’s Power Output By 1,200Mw
The Assa North-Ohaji South (ANOH) gas and condensate processing plant in Imo State that will begin operation in 2021, will…
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Nigeria’s oil reserves’ll run dry in 49 years – DPR
The nation’s crude oil reserves of 37 billion barrels, two per cent of which is being produced annually, will be…
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Oil discovery in North will aid restructuring — Afe Babalola
The founder of the Afe Babalola University, Ado Ekiti, Aare Afe Babalola (SAN), has said the news of crude oil…
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$750m oil stolen in 2019, says NNPC
The Nigerian National Petroleum Corporation has said the nation lost about $750m to crude oil theft in 2019. The Group…
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Forte Oil rebrands, changes name, logo
Forte Oil has unveiled a new brand, name, logo, and tagline. The company in a statement on Monday said the…
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Our tariffs up by 50% April 1 –Ikeja Disco
Ikeja Electric Plc says its tariffs will go up by 50 per cent beginning from April. The Disco disclosed this…
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