The Nigerian Content Development and Monitoring Board (NCDMB) has reiterated its commitment to ensure full implementation of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act 2010. The Executive Secretary of the Board, Mr Simbi Wabote, said this at…
The Nigerian Ports Authority (NPA) on Monday said 14 ships conveying assorted goods were expected at the Lagos ports from July 10 to July 19. It listed the items expected at the port as bulk sugar, automobile gasoline, bulk wheat,…
By Akinyemi Precious Statistics by the Nigerian Bureau of Statistics (NBS) on the proportion of metered to total revealed that over 5.96 million customers are being inaccurately charged by electricity distribution companies (DisCos) in the country. According to the report…
…TCN ready to waive Discos’ N270 billion debt, to recapitalise, to invest in power sector Electricity Meter companies in Nigeria under the Association of Meter Manufacturers and Assemblers Nigeria (AMMON) has urged President Bola Tinubu to ban foreign companies from…
The lndependent Petroleum Marketers Association of Nigeria (IPMAN), Ejigbo Satellite Depot, has raised alarm over incessant activities of pipelines vandalism at Idimu, Alimosho Local Council Development Area of Lagos. IPMAN Ejigbo Satellite Depot Chairman, Mr Akin Akinrinade, told the News…
The Organization of Petroleum Exporting Countries, OPEC says it does not have a price target and is seeking to have a balanced oil market to meet the interests of both consumers and producers. The Organization perhaps refers to current Russia-Saudi…
The Ondo State Investment Summit will serve as opportunity to attract investors to explore the untapped natural resources, electricity market, solid minerals, and the state deep seaport. Ondo State Commissioner for Energy and Mineral Resources, Engineer Razaq Obe, made this…
Available data has shown that average daily petrol consumption in Nigeria has fallen by 28 per cent since President Bola Tinubu scrapped subsidy on the fuel at the end of May. Average daily petrol consumption fell to 48.43 million litres…
President Bola Tinubu has assured genuine local and foreign investors of his administration’s commitment to providing conducive environment. Mr Julius Rone, Group Managing Director of UTM FLNG Ltd, made this known after a meeting with Tinubu on Wednesday in Abuja.…
Among other things, electricity is one thing Nigeria has kept struggling with over time. For a population of over 220million people, a generating capacity of less than 5,000 megawatts is a loud deformity, in all clear expression irreconcilable for a…
