The Nigerian National Petroleum Corporation (NNPC) sold crude oil worth N267.59 billion in February, while its total daily production stood at 1.42 million barrels per day in the first quarter of 2021, a document presented to the Federation Account Allocation…
The Bayelsa Government has urged members of the State Elders Council to support the struggle for restructuring of the country and passage of the Petroleum Industry Bill (PIB). Gov. Douye Diri made the call at the council’s quarterly meeting in…
The Nigerian Electricity Regulatory Commission (NERC) is going ahead with plans to review power tariffs in July this year despite wide spread resentments by the organised labour, consumer groups and other individuals. NERC had announced on April 26, 2021 that…
The Lagos Chamber of Commerce and Industry and energy experts have expressed divergent views on the demand by labour that the pump price of petrol should not be increased until the country’s refineries are fixed. The Nigeria Labour Congress said…
BUA has signed a contract to build a 285,000 tonnes per annum polypropylene plant as part of its proposed BUA Refinery. The deal was signed with Lummus Technology – a world leader in the construction of polypropylene projects, using their…
The Lagos Chamber of Commerce and Industry (LCCI) has warned that Nigeria may face a major risk of disruption if the bloated oil subsidy erodes the capacity of the Nigerian National Petroleum Corporation (NNPC) to contribute to the Federation Account.…
The Federal Government (FG) has dismissed claims of an imminent tariff increment. The Minister of Power, Sale Mamman in a statement, clarified that there would be no increase in electricity tariffs. He said the review process is routine as provided…
ANOH Gas Processing Company (AGPC) has reiterated its commitment to spending up to $10 million on capacity development initiatives in the oil and gas sector. Its Managing Director, Okechukwu Mba said this on the sidelines of the kick off meeting…
Electricity consumer groups on Sunday, kicked against the planned review of electricity tariffs for the 11 power Distribution Companies (DisCos) by the Nigerian Electricity Regulatory Commission (NERC). They maintained that there was no justification for any upward review of electricity…
The Bureau of Public Enterprises (BPE) has called on prospective investors to express interest in purchasing 100 per cent shareholding in any of the five power generation companies constructed under National Integrated Power Project (NIPP) listed for sale. It said this…
