Prof. Wumi Iledare, Former President of the Nigeria Association of Energy Economies (NAEE), has advised the Federal Government to engage in gradual deregulation of the downstream oil sector until the passage of the Petroleum Industry bill (PIB). Iledare made this known in…
Barth Ndubuwah, Ijeh Ekpowaji, Sunday Remedy, Port Harcourt Solewant Group comprising of four companies namely, Solewant Nigerian Limited, Field Joint Coating (FJC) Nigerian Limited, Specialty and Protective Coating Nigerian Limited,as well as Pipes and Metals Nigerian Limited has assured its…
The Federal Government has signed the Engineering, Procurement and Construction contract for the Gurara II Dam project as part of plans to raise the country’s power generation by about 360MW. Nigeria’s power generation hovers around 4,500MW and 5,000MW for a…
About 40 per cent of the proceeds from oil and gas exports and domestic sales in January were spent on joint venture assets and priority projects, according to the Nigerian National Petroleum Corporation (NNPC). The NNPC spent N83.29bn on JV…
Total Exploration and Production Nigeria Limited has commended the Nigerian Content Development and Monitoring Board (NCDMB) for its effort to develop local content in the oil and gas industry. Mrs Ivana Akaraiwe, General Manager- Partners, Authorities and Nigerian Content (GM-PANC),…
Chief Timipre Sylva, Minister of State for Petroleum Resources, says the Federal Government is aggressively implementing the nationwide gas infrastructure blueprint to deepen gas utilisation in Nigeria. Sylva made this known on Wednesday while delivering a keynote address at the…
The House of Representatives has urged the Nigerian Electricity Regulatory Commission (NERC) to rescind its decision to further increase electricity tariff in June. The call was sequel to a unanimous adoption of a motion by Rep. Aniekan Umanah (PDP-Akwa Ibom)…
Mr Sarki Auwalu, director, Department of Petroleum Resources (DPR) has urged Africa to rise to the challenge of harnessing its oil and gas reserves for the development of the continent. Auwalu spoke on Wednesday at the opening ceremony of the…
The National Bureau of Statistics (NBS), says the average price per litre paid by consumers for National Household Kerosene increased from N361.29 in March to N362.68 in April. The bureau said this in its “National Household Kerosene Price Watch (April…
Mr Mike Sangster, Managing Director, Total Upstream Companies in Nigeria, has called for stability in Nigeria’s power sector in order to attract investments. Sangster made the call on Wednesday during a panel session at the opening ceremony of the 5th…
