The Federal Ministry of Petroleum Resources on Monday, January 16, 2023, disclosed that Nigeria recorded progress in oil earnings following improvements in security within the Niger Delta region. The ministry disclosed that the country raked in an additional N363bn from…
Data from the National Bureau of Statistics (NBS) has revealed that Nigerians made higher energy purchases in December 2022. In its Consumer Price Index and Inflation report for December 2022, the NBS stated that core inflation, which excludes the prices…
The Group Chief Executive Officer of the Nigerian National Petroleum Company, Mele Kyari, said official oil drilling will begin in Keana, Nasarawa State by March 2023. He stated this on Friday, January 13 during an official visit by the Nasarawa…
Nigeria Liquefied Natural Gas (NLNG) Limited is said to have cancelled several liquefied natural gas shipments after production was disrupted due to vandalism of pipelines by oil thieves. This is coming barely three months after NLNG declared force majeure on…
Non-oil-based exports in Nigeria grew by 39.91 per cent in 2022 to $4.820 billion. Semi-processed/manufactured products made up 36.61 per cent of the exports beating Agriculture’s 30.12 per cent volume of non-oil exports. This was revealed by the Executive Director/CEO…
The Managing Director, Jos Electricity Distribution Plc (JED), Mr Mohammed Abdu said that the company has generated N3.3 billion revenue in December 2022. He disclosed this at a media interactive session on Saturday in Jos, adding that the company is currently…
In continuation of its oil exploration activities in the Country’s inland basins, the NNPC limited is set to spud the first oil well in Nassarawa state in March 2023. The Group Chief Executive Officer of the Company, Mallam Mele Kyari,…
Repair works have begun on the illegal tapping point discovered on the Trans Niger Pipeline in Nonwa-Uedume community in Tai, Rivers State, the Shell Petroleum Development Company of Nigeria Limited has said. Recall that a 2km illegal pipeline said to…
Royal Dutch Shell (Shell) dominated the global long-term LNG import contract volumes signed by key purchasing companies in 2022, with a contracted capacity of 6.7 million tonnes per annum (mtpa), according to GlobalData, a leading data and analytics company. “Long-Term…
The Minister of Justice and Attorney General of the Federation, Mr Abubakar Malami (SAN) said in Abuja on Thursday that about N1.82 billion from the sale of forfeited properties. Malami also hinted that most of the recovered funds were used…
