Minister of State for the Environment, Sharon Ikeazor has commended the Nigeria Liquefied Natural Gas (NLNG) Limited for its courageous decision to suspend the exportation of cooking gas while approving 100 per cent domestic supply of the product. Ikeazor noted…
World’s largest independent crude oil trader, Vitol, believes people might stop purchasing the commodity as price rises in global market – a situation being experienced in Nigeria. The oil major’s head of Asia, Mike Muller, said expensive energy will deplete…
The Group Managing Director/Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Malam Mele Kyari, has said that the Petroleum Industry Act (PIA) has provided the organization with the opportunity to shed some of its toxic liabilities. The…
Some monarchs and civil society groups in the Niger Delta have dragged the National Assembly to the Federal High Court in Abuja, seeking a restraining order in the continued use of the 1999 constitution in the operations and exploration of…
The Managing Director of Afrinvest, Mr Ike Chioke, has said that the oil sector still remains a challenge to the Nigerian economy, despite the positive posture of the economy last year amid Coronavirus Disease infections. Chioke said on AIT show, ‘MoneyLineWithNancy’ recently,…
UK peak-hour power prices for Monday evening through 6 p.m. surged to the highest level in a month due to low wind power generation during the weekend. The contract for the 5-6 p.m. slot electricity price in the UK on…
By Uthman Salami The unison of oil marketers under the aegis of the Independent Petroleum Marketers Association of Nigeria (IPMAN) have announced that no leadership change has been effected in the association’s National Executive whose tenure is expected to expire…
Magistrates’ Court sitting in Port Harcourt, Rivers State has reserved ruling in a case of alleged obtaining by false pretence brought against the Nigerian Liquefied Natural Gas Limited (NLNG), its former Managing Director, Mr. Tony Attah, and General Counsel, Akachukwu…
By Uthman Salami Germany, the Europe’s largest economy is projected to become a net importer of electricity in 2023 for the first time since 2002 due to retiring coal plants and the nuclear phase-out. The International Energy Agency (IEA) made…
The Minister of Mines and Steel Development, Olamilekan Adegbite, has said Nigeria has what it called “the mineral of the future” that can power electric cars and phones. Adegbite said this to international investors during one of the investors’ forums…
