Nigeria’s average daily crude oil production increased to 1.27 million barrels per day (mbpd) in June 2024, fresh data from the Organisation of Petroleum Exporting Countries (OPEC) has shown. According to the Monthly Oil Market Report (MOMR) released on Wednesday,…
Nigeria has maintained its position as the largest crude oil producer in Africa amid production rise to 1.276 million barrels per day in June, 2024. This is according to the latest data of Petroleum Exporting Countries, OPEC. This represents a…
The federal government has categorised all electricity companies, including the Generation and Distribution Companies (GenCos and DisCos), as those exempted from the payment of Withholding Tax in the country. This was contained in the new Withholding Tax regulation document signed…
…Advises against paying cash to unauthorised agents The Ibadan Electricity Distribution Company (IBEDC) has announced the availability of meters following the recent acquisition of a new stock through the Meter Asset Provider (MAP) Scheme. This initiative aims to improve service…
The National Agency for Science and Engineering Infrastructure (NASENI), has launched a skill acquisition training programme on modern shoemaking and tailoring for youths in Ife, Osun State. The three-day intensive training which began Monday and would end on Wednesday, is…
Eko Electricity Distribution Company (EKEDC) Board of Directors has approved a 20 percent Cost of Living Adjustment (COLA) for all staff, effective July 2024. This decision reflects the Company’s commitment to the well-being and financial stability of its workforce amid…
The Nigeria National Petroleum Corporation (NNPC) Limited has attributed the recent scarcity and hike in fuel price observed in Abuja to disruptions in movement of the products caused by thunderstorms and other weather-related issues. The Chief Corporate Communications Officer of…
…Urges Nigeria to harness crude oil reserves for socio-economic growth Oando Energy Resources has said that with widespread poverty, Africa cannot afford a quick transition to renewable energy, stressing that Nigeria should vigorously harness its vast crude oil reserves to…
Group Managing Director (GMD), Techno Oil Limited, Mrs Nkechi Obi, has urged the Federal Government of Nigeria to reverse its policies on the importation of Compressed Natural Gas (CNG) and Liquefied Petroleum Gas (LPG) cylinders. Obi made her appeal known during…
The Independent Petroleum Producers Group (IPPG) has applauded the Federal Government of Nigeria for wining the bid to host the Headquarters of the African Energy Bank (AEB). In a statement signed by its Chairman, Abdulrazaq Isa, the IPPG noted that…
