The Nigerian Electricity Regulatory Commission (NERC) has said that prepaid meter users in the country should update their meters before November 24, 2024. The Commission made this announcement via its Twitter handle during the week. According to NERC, all prepaid…
This week, global crude prices have seen a reduction as the market reacts to weakening economic data out of China. It has been said that when global crude oil prices rise, fuel pump prices in Nigeria will rise as well.…
By Akinyemi Precious According to a statement by the UK National Crime Agency released yesterday,Nigeria’s former minister of petroleum resources, Diezani Alison-Madueke has been charged with bribery by the United KIngdom, following a National Crime Agency Investigation. Madueke, who lives…
By Akinyemi Precious The Independent Petroleum Marketers Association of Nigeria (IPMAN) has urged the Federal Government to leverage homegrown technology to address the refining challenges in Nigeria’s petroleum industry. This was said by the Chairman of IPMAN’s Enugu Depot Community…
The consumption of Petrol by Nigerians in July 2023 suffered a decline of 16.8 per cent. This is according to the data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). Petrol consumption in the country dropped by 16.8 per…
Sen. Heineken Lokpobiri, Minister of State (Oil) Petroleum Resources, has assured Nigerians of increased oil production on a sustainable basis. Lokpobiri gave the assurance in Abuja on Monday while addressing stakeholders on his assumption of duty, shortly after taking hiss…
By Akinyemi Precious According to data from the African Energy Chamber in its August 2023 State of African Energy report, Nigeria, Algeria, and Egypt are expected to dominate the African natural gas and liquefied natural gas (LNG) supply market from…
Oil prices fell more than 3 per cent in the week to August 18 on concerns about slowing economic growth in China, the world’s biggest oil importer, and expectations of further US interest rate hikes. International benchmark Brent crude traded…
…As President Tinubu pledges to partner with gas investors NIPCO PLC, an integrated Oil & Gas company has lauded the Federal Government’s efforts in deepening gas utilisation in the country in consonance with global energy transition. The renewed vigour in…
By Akinyemi Precious Statistics by the African Energy Chamber (AEC) in its Q2 State of African Energy report has revealed that Nigeria lost 165,000 barrels per day from crude oil production outages between January and May 2023. The daily loss…
