According to the latest Electricity report from the National Bureau of Statistics (NBS), Nigerians paid more for less electricity during the first quarter (January to March) of 2023. In this period, distribution companies (DisCos) generated revenue of N247.33 billion while…
The National Bureau of Statistics (NBS), says the average price of 5kg of cooking gas reduced from N4,642.27 recorded in April 2023 to N4,360.69 in May 2023. This is contained in the Bureau’s “Cooking Gas Price Watch” for May 2023…
The Nigeria Labour Congress (NLC) has called for the shelving of the proposed plan of electricity tariff hike by July 1 for the collective good and safety of Nigerians. The NLC President, Mr Joe Ajaero, said this in a statement…
Bayelsa State Government has handed over a new building in the State Capital, Yenagoa to Nigerian Upstream Petroleum Regulatory Commission (NUPRC), to temporarily accommodate the Alternative Dispute Resolution Centre (ADRC) to mediate disputes between players in the oil and gas…
TotalEnergies just recently announced oil and gas discovery in the Ntokon field located in OML102 offshore Nigeria. Located in shallow waters, 60km off the Southeast coast of Nigeria, the Ntokon-1AX discovery well encountered 38 meters of net oil pay and…
Despite improvement recorded by the power sector in Q1, 2023, the number of customers on estimated billing continued to rise showing huge deficit in the metering sector. According to the National Bureau of Statistics (NBS), Electricity Report for Q1 2023,…
Nigeria LNG Limited (NLNG) and the Rivers State Government have renewed their commitment to developing healthcare and infrastructure in the State. During a courtesy visit to the Executive Governor of Rivers State, Sir Siminalayi Fubara, NLNG’s Executive Management, Dr. Philip…
Fuel prices are set to increase further as depot prices have risen to N490 per litre, causing some private downstream companies in Lagos to sell fuel above the fixed rate of N488 per litre. Private depots are selling fuel at…
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), has urged stakeholders in the oil and gas industry to fast-track the implementation of the Petroleum Industry Act (PIA). The Authority’s Chief Executive, Mr Farouk Ahmed, made the call at a…
Ibadan Electricity Distribution Company (IBEDC) Lead Media Relations, Olori Tunwase, has said energy theft and assault on their staff now attract jail term as prescribed in the new harmonised electricity act. Tunwase disclosed this on Wednesday during a stakeholders meeting…
