President of the Senate, Ahmad Lawan, has said that the Minister of State for Petroleum Resources, Timipre Sylva and the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, will brief Senators today in a closed session…
The Enugu Electricity Distribution Company (EEDC) says it has installed meters for 60,000 customers in ongoing phase zero of the National Mass Metering Programme (NMMP). It said that the installations were free-of-charge to all customers living within South-East. The Head,…
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…
