The Organisation of Petroleum Exporting Countries (OPEC) will on July 12 mark the 50th anniversary of Nigeria’s membership of the organisation. OPEC’s Secretary-General, Dr Mohammad Barkindo, made the disclosure in a statement on Tuesday. Nigeria was unanimously accepted as the…
The Department of Petroleum Resources (DPR) says request for daily stock of products supplied is a statutory regulatory requirement for any retail outlet license holder at no cost to marketers. The Department disclosed this in a statement signed by Head…
The Nigeria Association of Liquefied Natural Gas Marketers (NALPGAM), has called for improvement in the handling and distribution of LPG to ensure safety. Mr Bassey Essien, Executive Secretary, NALPGAM, said this in an interview with the journalists on Monday, following…
Gov. Kayode Fayemi of Ekiti, on Monday, inaugurated the N50 billion 2.5 megawatts Afe Babalola University independent power project, in Ado-Ekiti. It was reported that the project when fully operational would have a future capacity of five megawatts. Fayemi at…
The Obiakpu community in Imo has accused the Shell Petroleum Development Company of oil spill devastation, according to a statement made available to our correspondent on Friday by Spaces For Change. It was stated that the spillage started two years…
In a virtual meeting with the representatives of the Federal Government, the mission of the International Monetary Fund stated that the resurfacing of fuel subsidies was concerning. The IMF mission led by Jesmin Rahman, according to a press release, expressed…
A tanker conveying 45,000 litres of Premium Motor Spirit (PMS) crashed on Saturday, spilling its content at Community Road, Ijegun-Imore by Navy Town, Lagos causing panic among residents. Mr Ibrahim Farinloye, Acting Zonal Coordinator, South West Zonal Office, National Emergency…
The Transmission Company of Nigeria (TCN) says it has carved out a new transmission region in Kano from the old Kaduna Region. This brings to 10 the number of TCN regional operation centres in the region. TCN’s General Manager, Public…
Crude oil prices fell nearly 2% from their highest level in three years on Thursday as the dollar strengthened after the U.S. Federal Reserve signaled it might raise interest rates as soon as 2023. Oil demand worries resurfaced after new…
The Independent Petroleum Marketers Association of Nigeria (IPMAN) says the Nigeria Liquefied Natural Gas (NLNG) ‘Train 7’ project, is a game changer for gas utilisation in Nigeria. IPMAN’S President, Mr Chinedu Okoronkwo, made this known in an interview with newsmen…
