The Minister of State for Petroleum Resources, Sen. Heineken Lokpobiri has attributed the low crude oil production in the first quarter of the year to issues with the Trans-Niger pipeline and maintenance activities by some oil companies. The Minister in…
The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPC Ltd.) Mr. Mele Kyari, has reiterated the crucial role of natural gas in fueling economic growth and industrial development in Nigeria. Kyari spoke at the public…
The Petroleum Technology Association of Nigeria has claimed that the country is losing a lot of revenue daily due to its inability to ramp up crude oil production. The Chairman of PETAN, Wole Ogunsanya, stated this in Lagos recently when…
Some electricity consumers in the Federal Capital Territory (FCT) have appealed to the Federal Government to review the new tariff downwards to avoid electricity theft. Some of the consumers who are mainly business owners told journalists on Wednesday that if…
The Nigerian Society of Engineers has expressed its concerns on the implementation of the new electricity tariff recently announced by the Nigerian Electricity Regulatory Commission. The society added its voice of caution during a media parley with journalists in Abuja…
Following the recent hike in electricity tariff for Band A customers, the federal government has stated that it would save N1.5trillion from the exercise in 2024. It also stated that about 2.5 million meters would be installed this year and…
The Management of Ibadan Electricity Distribution Company (IBEDC) Plc felicitates with Muslims and all Nigerians on the occasion of Eid-el-Fitri. In a statement, the Managing Director, Engr. Kingsley Achife, emphasised the importance of the season’s sacrifice in fostering love and…
The Nigerian Electricity Regulatory Commission (NERC) has said it should be the priority of power distribution companies to meter all customers on Band A feeders. This came barely one week after the NERC approved over 200 percent tariff hike for…
Oil prices dropped again for a second day on Tuesday, as talks for a ceasefire in Gaza continued, but losses were limited to less than a dollar a barrel as Egyptian and Qatari mediators met resistance in their search to…
The Federal Government announced that testing has commenced on the 700 megawatts Zungeru Hydroelectric Power Plant ahead of the evaluation of electricity from the facility to the national grid. It also stated that the $1.3 billion project, located in Niger…
