The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) during the weekend attributed the lingering fuel scarcity in the country to a disruption in the product distribution chain caused by activities of cross-border smugglers. In a statement on Friday, the…
Chevron Nigeria Limited, CNL, has bagged the award of “Environmental Protection Company of year 2022” by Nigerian News Direct paper. The multinational oil company won the award during the 12th Anniversary celebration of the Nigerian News Direct which held in…
The Nigerian Government’s plan to concession the Ajaokuta Steel Company may soon be realised as the final $50million payment to complete the $496million settlement is to be paid next month. Minister of Information, Lai Mohammed, disclosed this in a statement…
The Federal Government says power distribution companies failed to utilise a total of 1,070.36 megawatts of electricity in a week of blackout being witnessed across the country. Latest power utilisation data obtained from the Transmission Company of Nigeria, indicated that…
The Federal Government has said that the existence of the Organisation of Petroleum Exporting Countries (OPEC) over the past 60 years saved the global oil market from perpetual chaos. The Minister of State Petroleum Resources, Chief Timipre Sylva, made this…
Tilt Energy, an integrated Energy company based in Lagos, says Nigeria is expected to increase her power capacity with an additional 125 megawatts to the national grid by end of first quarter 2023. The Managing Director of Tilt Energy, Mr…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it has organised a Bidders’ Conference/Investors Forum for stakeholders in the sector, to fast track implementation of the Nigerian Gas Flare Commercialisation Programme (NGFCP). This is contained in a statement signed by…
Edo Modular Refinery has commenced production at its 6,000bpd plant in Ologbo, Ikpoba Okha Local Government Area. The company, in a statement explained that the facility with its feedstock can produce 50 per cent of diesel (500,000 litres), 25 percent…
The National Association of Energy Correspondents (NAEC) have called on government agencies responsible for regulation and supply to immediately arrest the worsening fuel scarcity in the country to justify huge public expenditure on internal subsidy. In a statement issued in…
Some motorists have lament over the increase in price of petrol arising from its unavailability in most filling stations. Correspondent, who monitored some filling stations in Osogbo, the state capital and its environs, reports that even with petrol being sold…
