The amount spent on subsidising electricity every month in Nigeria is now about N30bn, the Federal Government has said. It disclosed that the government’s subsidy on electricity had been reduced by N20bn monthly following improvements in the collection of power…
The Group Managing Director of the Nigerian National Petroleum Corporation, Mallam Mele Kyari, has said the price of petrol should be more than N280/litre at which Automotive Gas Oil, also known as diesel, is being sold. Kyari said smuggling of…
The Minister of Science and Technology, Dr. Ogbonnaya Onu has said the deployment and peaceful use of nuclear power technology will improve the production of electricity. He said it will provide sustainable and reliable electricity that will not be affected…
…Our govt is irrevocably committed to uplifting the socioeconomic life of citizens — Gov. Oyetola The Governor of the State of Osun, Adegboyega Oyetola, on Tuesday flagged off the construction of 33KV power supply line from Ile-Ife to Garage-Olode (Awolowo…
Analysts at the Financial Derivatives Company Limited, led by economic expert Bismarck Rewane, said they expect the positive sentiment of rising global demand to continue to impact the oil market in the next four to six weeks, keeping oil prices…
The Edo State Governor, Mr. Godwin Obaseki, on Friday, said the Edo Modular Refinery being developed by Edo Refinery and Petrochemical Company Limited (ERPC) with support from the Edo State Government, in Ologbo, Ikpoba – Okha Local Government Area of…
The landing cost of Premium Motor Spirit being imported into Nigeria surged by more than 60 per cent between December 2020 and mid-June this year, although the pump price of the product remained unchanged. From an average of N143.60 per…
…Tasks members on effective distribution of petroleum products The Independent Petroleum Marketers Association of Nigeria (IPMAN), Western Zone, has directed all depots and petrol stations to go about their normal business and ensure free flow and hitch free of supply…
By Uthman Salami The Managing Director of Actolog Solutions Limited, Mr. John Akadu, has revealed the company’s plans to introduce into the Nigerian clean energy industry, the first of its kind full solar power, designed to profer remedy to numerous…
By Uthman Salami The Federal Government has disclosed that it is working at covering the Trans-Saharan and European markets with the ongoing construction of the Ajaokuta, Kaduna, Kano Gas Pipeline, commonly referred to as AKK Gas Pipeline. The billion Dollar…
