The Federal Government through the Presidential Compressed Natural Gas Initiative (P-CNGi) has attracted a 50 million dollar deal for the conversion of commercial vehicles to run on Compressed Natural Gas (CNG). The P-CNGi Programme Director/Chief Executive, Mr Michael Oluwagbemi, said…
The share price of FBN Holdings Plc, parent company of the First Bank of Nigeria Ltd, which opened on the floor of the Nigerian Exchange Ltd.(NGX) on Friday at N18.50, gained N1.85 to close at N20.35, following investors’ renewed interest.…
Axxela Limited, a leading gas and power portfolio company in Sub-Saharan Africa, announces that it has taken Final Investment Decision for the development of a gas processing plant situated in OML 56, Delta State, South-South Nigeria. This strategic investment marks…
The Minister of Power, Mr Adebayo Adelabu, has decried the activities of saboteurs and cartels in the electricity sector, blaming them for the incessant power outages in the country. Adelabu expressed this during a programme tagged “Confronting Nigeria’s Power Challenge…
The Minister Of State For Petroleum Resources(Oil), Sen. Heineken Lokpobiri has vowed to recoup alleged investments worth over $500m made by the Nigerian Content Monitoring and Development Board (NCDMB). The Minister made this vow in defence of his allegation that…
The Nigerian National Petroleum Company Limited (NNPC Ltd.) and its Joint Venture (JV) partner, Newcross Exploration and Production Ltd., have restarted production at Awoba field, Port Harcourt, Rivers. The NNPC Ltd. said the field last contributed to the Bonny Terminal…
…Bags industry award as Innovative Gas Company In its bid to prioritise innovation and ecological stewardship in Nigeria, NIPCO Gas Limited has affirmed its determination to drive positive transformation in the country’s energy industry by advocating for cleaner options like…
Dangote refinery will start supplying petrol in the fourth quarter of 2024, according to Standard and Poor’s Global Commodities, S & P. Kelly Norways, an African energy expert at the S&P, disclosed this in a podcast titled ‘Exploring West Africa’s…
Minister of Power, Mr Adebayo Adelabu says the Federal Government plans to increase power generation from 4000 Megawatts to 6000 by the end of 2024 to boost electricity. Adelabu said this in Abuja on Monday, when the members of the…
The Nigerian National Petroleum Company (NNPC) Limited and the Petroleum Technology Association of Nigeria (PETAN) are exploring a collaboration to reduce the cost of oil and gas production in Nigeria. Speaking at a meeting with Group Chief Executive Officer (GCEO)…
