The Nigerian Upstream Petroleum Regulatory Com mission (NUPRC), says it is planning a production based lending engagement to assist the 2020 Marginal Field Bid Round licences awardees to source needed capital. The NUPRC said it would help the awardees to commence…
By Olumide David Oil marketers, on Tuesday insisted that they were no more interested in the old naira notes and would not collect them from the public, despite claims that the Central Bank of Nigeria (CBN) had cleared the bills…
Vietnam is planning to increase the national reserves of crude oil and oil products to 15 days of net imports by 2025 and 30 days by 2030. It said it was from the current nine days, to ensure its energy…
Nigeria spent a total of N1.79trillion on the importation of Premium Motor Spirit (PMS) and Automotive Gas Oil (Diesel) in the fourth quarter of 2022 (Q4,2022), consisting of N1,558.49billion (Petrol) and N220.47 billion (Diesel) and representing a share of 33.16%…
The Overall EO1 Performance Results for January – December 2022 report released by the Presidential Enabling Business Environment Council, PEBEC, has placed the Nigerian Content Development Monitoring Board, NCDMD, first out of the 36 ministries, department and agencies, MDA, of…
Nigeria’s crude oil sales rose by 46.41 per cent to push Nigeria’s total export to N26.79trillion in 2022. This is as total trade rose by 31.79 per cent from N39.75trillion in 2021 to N52.39trillion in 2022. In 2022, crude oil…
Enugu Electricity Distribution Company (EEDC) has introduced a new product known as Accelerated Settlement of Arrears Project (ASAP) to assist customers with outstanding arrears clear them while enjoying attractive discounts. Head, Corporate Communications of EEDC, Mr Emeka Ezeh, told newsmen…
The Abuja Electricity Distribution Company (AEDC) said insufficient power allocation to the company by generation stations was responsible for the unstable electricity supply in the region. Alhaji Adamu Muhammed, Public Relations Officer (PRO), Niger Region, AEDC, disclosed this while speaking…
Seplat Energy Plc says its Chief Executive Officer, Mr Roger Brown, has stepped aside from running the company for a period of seven days. The company said in a corporate disclosure made available to Nigerian Exchange Ltd.,(NGX) and signed by…
By Ogaga Ariemu The Enugu Electricity Distribution Company, EEDC, has notified its customers under Imo State about the loss of power supply being experienced in the State. The notification is in a statement issued Friday by the EEDC’s Head of…
