The importation of premium motor spirit (PMS), commonly known as petrol, into Nigeria, has significantly declined in the first two weeks of October as the Dangote Refinery increased production to meet local demand. This is according to S&P Global Commodity…
The Minister of Power, Adebayo Adelabu, on Wednesday, unveiled Hexing Livoltek, an electricity meter manufacturing company in the Lekki area of Lagos State. Aside from prepaid meters, Hexing also produces other electrical installations and solar products. Adelabu, while unveiling the…
..Illegal refineries supplied total diesel consumed in the country …Direct purchase from Dangote refinery, importation will crash petrol price — Marketers By Seun Ibiyemi The Group Chief Executive Officer of the Nigerian National Petroleum Corporation (NNPC) Limited, Mele…
Nigeria’s average crude oil production in the month of September declined by as much as 33,000 barrels to 1.405 million barrels per day. In its October oil market report, the Organisation of Petroleum Exporting Countries (OPEC) revealed that Nigeria’s crude…
The Nigerian Electricity Regulatory Commission (NERC) has revealed that customers from Benin Republic, Niger, and Togo owe the country $5.79 million for electricity supply in the second quarter of this year. The commission disclosed this in its latest quarterly report…
Shell Petroleum Development Company (SPDC) and its joint venture partners, NNPC Ltd, TotalEnergies Ltd, and Eni have inked a Gas Sales and Purchase Agreement (GSPA) for the Brass Fertilizer and Petrochemical project in Bayelsa State. This landmark agreement, supervised by…
A Floating Production Storage and Offloading (FPSO) facility by Century Group JV and its partners is set to alleviate Nigeria’s ailing oil production woes by 40,000 barrels per day upon completion next year, Minister of Petroleum Resources (Oil), Heineken Lokpobiri…
…As company aims to boost LPG consumption to 5mmt The Managing Director/ CEO of NIPCO Plc, Suresh Kumar has appealed to the Federal Government to increase its support for local gas producers, gas processing companies and marketers to reduce the…
A consortium of energy companies comprising of Eterna Plc, Masters Energy, Techno Oil, Quest Oil, Rahamaniyya, Ibafon Oil, and First Deep Water Limited are set to unveil a Joint User Hydrant Installation 2 (JUHI-2), the country’s largest jet fuel depot.…
The Minister of State for Petroleum Resources, Senator Heineken Lokpobiri, has commended the progress of work on the Floating Production Storage and Offloading facility in Lagos, a joint venture between Nigerian National Petroleum Company Limited. and Century Nigeria Limited, in…
