The Manufacturers Association of Nigeria (MAN) said the signing of the Electricity Act 2023, by President Bola Tinubu, if well implemented, promises to be a major game changer for the manufacturing sector. It, however, stated some of what it considered…
Following the reports circulated by media that insinuate that the lifting operations were illegal, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed the legitimacy of the lifting of Butane at the Bonny River Offshore Terminal (BRT) by ExxonMobil. “ExxonMobil…
President Bola Tinubu has revealed the plan to roll out programmes aimed at making compressed natural gas (CNG) and liquefied natural gas (LPG) cheaper as a measure to mitigate the impact of the Premium Motor Spirit (Petrol) subsidy removal on…
The Transmission Company of Nigeria (TCN) says it has restored power supply to its Alagbon Transmission Substation after a fire incident. The incident happened about 4.32pm on Wednesday affected one of its 60 Mega Volt Ampree (MVA) power transformers in…
The Nigerian Gas Association (NGA), the umbrella body and the lead voice of the operators and players in the country’s entire gas value chain, is proud to announce its support for the Federal Government’s renewed focus on prioritising autogas to…
Shell Nigeria Exploration and Production Company (SNEPCo) paid a total of $907 million as taxes and royalties to the Nigerian government last year as its operations continued to contribute to the national purse to finance development. Also last year, the…
By Ibiyemi Mathew The Organization of Petroleum Exporting Countries (OPEC) has revealed that Nigeria has emerged as Africa’s top African crude oil producer. Nigeria reclaimed its position from Angola producing 1.184 million barrels of crude oil per day during the…
In view of the recent deregulation of the downstream sector, the Independent Petroleum Marketers Association of Nigeria (IPMAN) says marketers can merge to remain in business. IPMAN’s National Operations Controller, Mr Mike Osatuyi, said this an in interview with journalists …
Available data from the Organization of Petroleum Exporting Countries (OPEC), has indicated that Saudi Arabia’s latest oil production cuts are set to tighten global markets sharply next month. Even before the kingdom announced its surprise new measures just over a…
The Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has assured that it would protect consumers from exploitative action following plans by oil marketers to begin fuel importation. The NMDPRA Chief Executive, Farouk Ahmed, gave the assurance while briefing journalists…
