The Organization of Petroleum Exporting Countries (OPEC) crude oil production maintained a steady production of crude oil with an average of 28.05 million bpd in December 2023 with Nigeria boosting output by an extra 50,000 bpd, a survey by Bloomberg…
The federal government has revealed that the electricity companies in Nigeria are short of N2 trillion ($2.5 billion) in capital to revive the industry and provide a steady power supply nationwide. Olu Verheijen, an adviser to President Bola Tinubu on…
The Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Nigeria National Petroleum Company Limited (NNPCL) have cautioned Nigerians against panic-buying of fuel and refuted rumours of an impending increase in the pump price of petrol, commonly known as Premium…
Seplat Energy Plc says its ANOH gas plant installation works reached mechanical completion on Dec. 29, 2023, in line with the revised timetable. Director, External Affairs & Social Performance, Seplat Energy, Mrs Chioma Afe said this in a statement on…
Dangote Refinery has received its fourth shipment of one million barrels of bonny light crude supplied by the Nigeria National Petroleum Corporation Limited (NNPCL). According to a statement from Dangote Refinery on Monday, “The fresh one million barrels of crude…
The Minister of Power, Oloye Adebayo Adelabu has hinted on the reconstitution of the Transmission Company of Nigeria (TCN) within the first quarter of 2024. In a statement yesterday, the Minister said, “The Transmission Company of Nigeria will be reconstituted…
The Minister of Solid Minerals Development, Dr Dele Alake, has said that more revocation of mining licenses is in the offing for other categories of defaulters in 2024. Alake issued the warning in his New Year Goodwill Message to Nigerians…
Leading energy company, NIPCO Gas has commissioned an Auto CNG station in Kubwa, Abuja. This is in line with the company’s commitment to providing economical, sustainable and environmentally friendly fuel for transportation. The Station which commenced operations over the weekend…
The Federal Government is set to ramp up oil production in 2024 targeting a total of 1.8m barrels per day. In a policy statement by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Sunday, the FG is also planning to…
The Jos Electricity Distribution Plc (JED), on Saturday, inaugurated two new 33KV feeders in Billiri town of Billiri Local Government Area, to boost supply in Gombe State. The project is designed to provide uninterrupted power supply to customers in four…
