Amid the continued smuggling of petroleum products out of the country to neighbouring countries including Cameroun, the Nigeria Customs Service has said its restriction of fuel supply along borders is being opposed by communities and marketers. The supply of petrol…
Speaker, Nasarawa State House of Assembly, Alhaji Ibrahim Balarabe-Abdullahi says he has secured two 33 KVA transformers for communities in Toto Local Government Area. Balarabe-Abdullahi made this known to journalists on Wednesday shortly after installation of one of the transformers in Toto.…
The Federal Government has formally received the report from committee on compensatory contracts and others incentives for KAZTEC Engineering Ltd. Kaztec Engineering Limited is a subsidiary of Chrome Group, an indigenous engineering and fabrication company owned by Chief Emeka Offor.…
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has lauded the Federal Government for its effort to rehabilitate the Port Harcourt Refinery. IPMAN’S president, Mr Chinedu Okoronkwo, told journalists on Wednesday in Lagos that having functional refineries was in the…
The Nigerian National Petroleum Corporation (NNPC) has signed a contract with Maire Tecnimont S.p.A., an Italian Company, for the rehabilitation of the Port Harcourt Refinery Company (PHRC). The Group Managing Director, NNPC, Malam Mele Kyari, at the signing of the…
Oil producing states in the country received a total of N454.35 billion from the Federation Account in 2020, under the 13 per cent Derivation Principle, according to data obtained from the Central Bank of Nigeria (CBN). The oil producing states…
The Kano Electricity Distribution Company (KEDCO) on Tuesday said that meters issued out under the ongoing zero phase are free and should not be paid for by customers. Mr Ibrahim Shawai, the Head of Corporate Communications of KEDCO, stated this…
Power generation companies received N81.14bn as payment assurance from the Nigeria Electricity Bulk Trading Plc in 2020, the Nigerian Electricity Regulatory Commission has said. NERC disclosed this in its latest Key Operational and Financial Data of the Nigerian Electricity Supply…
The upturn in the price of the international oil benchmark, Brent crude, has pushed Nigeria’s oil revenue above the estimate in the 2021 budget. Brent, against which the country’s crude oil is priced, has been trading more than $20 higher…
The Centre for Peace and Environmental Justice on Monday said the failure of Chevron Nigeria Limited to accept responsibility for the Gbaramatu oil spill was to undermine the wellbeing and environment of people living in the affected communities. CEPEJ said…
