The Nigerian National Petroleum Company (NNPC) Limited has dismissed report that it reviewed prices of premium motor spirit (PMS) also called petrol at depots. NNPC Ltd in a statement shared via its social media channels on Sunday advised the public…
The Federal Government has announced that the Nigerian Electricity Regulatory Commission (NERC) has approved a special gas pricing for emergency contracting of gas from the Nigerian Gas Marketing Company Ltd. This is one of the various steps taken by the…
Oil prices rallied early on Monday amid EU consultations about potentially joining the U.S. in banning imports of Russian oil. As of 7:45 a.m. ET on Monday, WTI Crude was up 3.87% at $108.91 and Brent Crude was trading up 3.93% at $112.30.…
The Central Bank of Nigeria (CBN) has stated that it is prepared to intervene in order to ensure that fuel is readily available in Nigeria. The Governor of the Central Bank of Nigeria, Godwin Emefiele, made the announcement on Monday…
Eni, the parent company of Nigerian Agip Oil Company (NAOC), has said it has lifted a force majeure at its Brass terminal in Yenagoa, Bayelsa State. On Monday, Eni announced that it had cut oil and gas exports from its…
…Sector enmeshed in corruption, funding — Olu Agunloye Nigerian Electricity Regulatory Commission (NERC) has confirmed the removal of electricity subsidies by the federal government and will now review tariff rates every six months. This is as former Power Minister, Olu…
In this interview with Nigerian NewsDirect, the CEO of Jocaro Nigeria Limited, Engineer Dominic Okafor, shared insights on the activities, challenges, and prospects of the company. He also disclosed how the indigenous engineering company has remained committed to providing quality,…
Operatives of the Nigerian Navy (NN) have arrested a Motor Tanker (MT) HARBOUR SPIRIT for alleged illegal activities within the country’s waterways. The vessel was intercepted around 10:30 a.m. on Thursday, March 17 by operatives onboard Nigerian Navy Ship (NNS)…
Nigerian Entrepreneur Tony Elumelu on Thursday said that Nigeria loses 95 per cent of its crude oil to looters under the Present administration. Mr Elumelu while reacting to recent development in the country, lamented that Bonny Terminal ought to be…
As part of efforts to support the improvement technical capacity building in Lagos State, Ikeja Electric (IE), has renovated and upgraded the Electrical Workshop at Government Technical College (GTC) in Ikorodu, Lagos At the commissioning ceremony at the College, IE…
