The National Bureau of Statistics (NBS) has said that the average retail price of a litre of diesel increased from N840.81 in March 2023 to N1341.16 in March 2024. NBS stated this in its Diesel Price Watch for March 2024…
The Transmission Company of Nigeria (TCN) says it has deployed a Generation Dip/Loss Detection System (GLDS) which detects and responds to sudden drops or dips in power generation. The General Manager, Public Affairs, TCN, Mrs Ndidi Mbah said in a…
The Minister of State for Petroleum Resources (Oil), Mr Heineken Lokpobiri has expressed the Federal Government’s readiness to collaborate with the Petroleum Technology Association of Nigeria (PETAN) to increase the country’s oil production and revenue. Lokpobiri said that the partnership…
President Bola Tinubu has commended the Dangote Oil and Gas Limited for reducing the price of Automotive Gas Oil (AGO), also known as diesel. This is contained in a statement by the Special Adviser to the President on Media and…
The federal government of Nigeria appears to have bowed to pressure from domestic crude oil refiners like Dangote Refinery and Petrochemical Plant and other modular refinery operators in the sector and has given approval for them to have the option…
The OPEC+ oil producers group is eyeing Namibia for possible membership as it sets up what could be Africa’s fourth-largest output by the next decade. An African industry official and sources said on Tuesday. TotalEnergies (TTEF.PA), opens new tab and…
Ten years after its initial public offer (IPO) which was held in 2014, Seplat Energy has generated $1.7 billion in free cash flow and invested over $57million to support community projects focused on healthcare, education and empowerment. These were disclosed…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) over the weekend confirmed the data from the Organisation of Petroleum Exporting Countries (OPEC), which revealed a decline in Nigeria’s oil production for the second consecutive month this year. Data on crude drilling…
The Transmission Company of Nigeria (TCN) says the national grid has been fully restored after Monday’s fire incident at the Afam power generating station in Rivers. TCN’s General Manager, Public Affairs, Mrs Ndidi Mbah, stated in Abuja that the fire…
The Transmission Company of Nigeria (TCN) has debunked claims by the Ibadan Electricity Distribution Company (IBEDC) that it was responsible for its inability to provide the estimated supply hours to customer feeders. General Manager, Public Affairs, TCN, Ndidi Mbah, said…
