Effective from Saturday, August 12, diesel prices hit N867 per litre in Lagos state and N875 in the Southwest region. This is because Diesel prices are skyrocketing despite being deregulated before the fuel subsidy removal because ex-depot prices are increasing.…
By Akinyemi Precious Liquefied Petroleum Gas Retailers (LPGAR) has urged the Nigerian Government to develop and establish more local LPG production plants, NLNG price domestication, storage and transportation so as to prevent further price hikes. This was made known by…
The Committee of Baales and some residents of Ibeju Lekki, Lagos have showered encomium on the Management of Dangote Refinery, on its social responsibility initiatives. They expressed appreciation to the company for providing vital infrastructure for their communities, repairing all…
By Akinyemi Precious Nigerians are to expect more hardship in living as the President of the Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) Olatunbosun Oladapo has hinted that Nigerians will pay more for Liquefied Petroleum Gas (LPG) widely used for cooking from…
By Akinyemi Precious Nigeria’s crude oil output dropped to 1.29m barrels per day (bpd) in July. This was according to the latest report by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). According to analysis, production fell 12.56 percent from 1.48…
The Nigerian Electricity Regulatory Commission has said that Niger presently owes Nigeria N4.22bn ($5.48m) for power supply. According to a quarterly report, 70 per cent of Niger’s share of electricity was purchased from the Nigerian business Mainstream in 2022 as said…
The management of Ibadan Electricity Distribution Company (IBEDC) and its in-house electricity workers’ unions have signed a new condition of service to improve employees wellbeing and productivity. Speaking at the signing ceremony at IBEDC office, Ibadan, on Thursday, the Managing…
The hike in the foreign exchange rate and activities in the international market may result to increase in the price of cooking gas, says the Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM). Mr Olatunbosun Oladapo, the President of the…
The price of crude oil hit a new peak yesterday for the first time since January. The global Brent benchmark soared after a steep drawdown in U.S. fuel stockpiles and Saudi and Russian output cuts offset concerns about slow demand from…
The Managing Director of Shell Nigeria Exploration and Production Company Limited (SNEPCo) Elohor Aiboni, has tasked the Federal Government of Nigeria to create an enabling environment to attract investments in gas. Speaking last week in Lagos at the 2023 edition…
