Independent Petroleum Marketers Association of Nigeria (IPMAN) and Association of Distributors and Transporters of Petroleum Products (ADITOP) have denied plans to increase petrol price to N700 per litre. The Associations in an interview with the newsmen, in Abuja on Saturday,…
Ibadan Electricity Distribution Company (IBEDC) has said that Nigerian Electricity Regulation Commission (NERC) has yet to give a directive on the new electricity tariff earlier scheduled to commence on July 1. The Public Relations Officer of IBEDC, Ms Busolami Tunwase,…
Mr Emmanuel Iheanacho, the Chairman, Board of Trustees of Crude Oil Refiners Association of Nigeria (CORAN), has called for encouragement for grater investment in the establishment of modular refeneries in Nigeria. This will be a step to improving the country’s…
The Dangote refinery project is one of the major legacies of Aliko Dangote, which is being finished seven years later than planned, costing more than double of its original $9 billion budget. The Nigerian National Petroleum Company Limited (NNPCL), owns…
The removal of fuel subsidies and rising energy prices are exacerbating severe hunger in Nigeria, particularly in Northern Nigeria, according to the United Nations. Approximately 4.3 million people in Nigeria’s Borno, Adamawa, and Yobe States are at risk of severe…
Seplat Energy Plc said it remains committed to purchasing Nigerian oil and gas assets from ExxonMobil Corp. by completing a deal that’s been held up by the West African state for more than a year. The Lagos and London-listed company…
…savings to reach over N21 trillion between 2023 and 2025 The World Bank has projected that Nigeria will save up to N3.9 trillion this year with the removal of fuel subsidy and reforms of its foreign exchange market, noting that…
Eko Electricity Distribution Company (EKEDC),has arraigned five individuals in court for acts of vandalism and assault carried out against its staff members. According to the company, Ayomide Oyebanjo, on the 30th of November 2022, was arraigned for assault of Mr.…
Chairman, Integrated Oil and Gas Ltd., Mr Emanuel Iheanacho says the proposed 7.5 per cent Value Added Tax changes (VAT) on imported automotive gas oil, popularly called diesel, would increase its landing costs in the Nigerian market. Iheanacho said this…
Major global oil companies are upscaling investment in gas development stressing that the transition to a green future will require much more natural gas. Shell Gas revealed its plans to increase gas investment and would be spending about 25 per…
