Aiteo Eastern Exploration and Production Company (AEEPCO), operator of the Nembe Oilfields has resumed the production and export facility off Bayelsa coastline operation, shut due to oil spill from a loading mishap. Aiteo, who announced the resumption in a statement…
The Minister of Finance/Coordinating Minister of the Economy, Mr Wale Edun has described the Ajaokuta-Kaduna-Kano (AKK) gas pipeline project as critical to the industrialisation and economic growth of Nigeria. Edun stated this on Friday, during a working visit of three…
The Nigerian Electricity Regulatory Commission (NERC) has announced the approval of N21 billion for 11 electricity Distribution Companies (DisCos) to provide meters for customers. This announcement was made in NERC’s ORDER NO: NERC/2024/072 on The Operationalisation of “Tranche A” of…
Shell Petroleum Development Company of Nigeria Limited (SPDC) has reaffirmed its unwavering commitment to supporting the socio-economic development of Nigeria, especially in its areas of operations in the Niger Delta. SPDC Director and Head of Corporate Relations, Igo Weli, made…
The average retail price of Premium Motor Spirit (Petrol) in Nigeria for May 2024 surged by 223.21 percent to N769.62 per litre, compared to N238.11 per litre in May 2023. This data is sourced from the National Bureau of Statistics…
The NNPC Ltd-TotalEnergies Joint Venture (JV) has announced a 550 million dollars Final Investment Decision (FID) on the Ubeta Field Development Project. This was announced on Thursday at the signing ceremony held at the Nigerian National Petroleum Company Limited (NNPC…
By Esther Agbo The Honourable Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, delivered a keynote address at the Final Investment Decision (FID) Ceremony for the OML58 Ubeta Field Development Project. This event marks a significant milestone…
Many African countries are harnessing gas and other cleaner and greener energies to drive their industrialisation journey. African countries including Ghana and Nigeria are investing in gas infrastructure and promoting its utilisation, and by extension are addressing energy poverty and…
Twenty-eight grid-connected electricity generation plants across the country generated a total of 3,171GWh of electricity in May 2024, a 12 percent increase from 2,833GWh generated in April 2024, according to the Nigerian Electricity Regulatory Commission, NERC. According to NERC, these…
The average price of 5kg cooking gas increased from N6,521.58 recorded in April 2024 to N7,418.45 in May 2024, according to the National Bureau of Statistics (NBS). This is contained in the Bureau’s “Cooking Gas Price Watch’’ for May 2024…
