Nigeria LNG Limited (NLNG) has restated its committent to the Global Memoranda of Understanding (GMoU), signed with its host communities in 2021, to drive community-initiated sustainable development. The Company stated this on Tuesday at the commissioning of projects by the…
The President of the Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM), Mr Oladapo Olatunbosun has charged the Minister of State Gas Resources, Ekperikpe Ekpo to transition Nigeria to gas-based economy and further develop blueprint to boost exploration and production.…
Despite the significant increase in the oil rig count to 14 in Q1 2023 from 8 rigs in Q1 2022 based on the August 2023 monthly oil market report by the Organization of the Petroleum Exporting Countries and Allies (OPEC+),…
By Akinyemi Precious The Rural Electrification Agency (REA), through the Nigeria Electrification Project (NEP), has completed the deployment of 103 mini-grids across Nigeria, providing electricity for over 46,000 households and small businesses. This was disclosed by the Managing Director of…
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…
