By Bassey Williams, Yenagoa A group set up to tackle rising cases of crude oil theft and pipeline vandidalism in the Niger Delta region has commended the Managing Director of the NNPC Trading Limited, Lawal Sade over his outstanding performance…
The Nigeria Extractive Industries Transparency Initiative (NEITI) has emphasised the importance of accountability and transparency in the nation’s energy sector. The Executive Secretary, Dr Orji Ogbonnaya Orji, said this at the Association of Energy Correspondents Annual Strategic International Conference on…
By Matthew Denis The Chief Executive of the Nigeria Upstream Petroleum Regulatory Commission (NUPRC), Engr. Gbenga Komolafe, has warned that Nigeria could face “an impending gas supply crisis with a potential shortfall of 3.1 bcf/day by 2030” if measures are…
…Electricity price cheapest in Nigeria compared to other African nations — Adelabu In a bid to address rising unemployment and improve access to electricity in rural areas, the Minister of Power, Oloye Adebayo Adelabu, has unveiled plans for a solar…
Nigerians will soon start paying a lower tariff for the electricity they consume, Minister of Power, Oloye Adebayo Adelabu, has assured. Speaking on Thursday when he received the Executive Secretary of the National Lottery Trust Fund, Mr. Tosin Adeyanju, who…
…Petrol prices to rise across Nigeria due to NNPC’s cost-reflective scheme Oil prices surged by more than a dollar in early trading yesterday amid growing concerns that escalating tensions in the Middle East could disrupt crude production, following Iran’s most…
…New policy will lower cost of living — Minister By Matthew Denis In order to reduce the hardship on Nigerians, the Federal government has exempted some range of key energy products and infrastructure, including Diesel, Feed Gas, Liquefied Petroleum Gas…
The Nigerian Content Development and Monitoring Board (NCDMB) on Wednesday signed a Memorandum of Understanding (MoU) with the Petroleum Commission, Ghana (PCG) towards developing and deepening local content regulations in Ghana’s upstream petroleum sector. The signing ceremony took place at…
By Seun Ibiyemi The federal government, through the Nigerian National Petroleum Company Limited (NNPC), has fulfilled its cash call obligations amounting to $2.44 billion to multinational oil companies that are joint-venture partners with the state-owned oil company. In Nigeria, cash…
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has urged the Federal Government to allow its members to source direct supply of petroleum products to ease the pressure in the sector. Mr Chinedu Anyaso, Chairman of IPMAN, Enugu Depot in…
