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Energy
Regulatory body commends NNPC’s transparency on pipeline contract, biding process
The Infrastructure Concession Regulatory Commission (ICRC), has commended the Nigerian National Petroleum Corporation (NNPC) on its transparent pipeline contract and biding processes for the rehabilitation of critical downstream…
NNPC records N20bn trading surplus in July
The Nigerian National Petroleum Corporation (NNPC) has disclosed that the company recorded an increased trading surplus of ₦20.36billion in July 2020 as against the ₦2.12billion surplus during its operations in June 2020.
The national…
DPR cautions marketers against exploitation after subsidy removal
In a bid to ensure smooth transition process for Nigerians after the Federal Government put an end to subsidy regime, the Department of Petroleum Resources (DPR) has warned marketers against using the opportunity to exploit customers at the…
NNPC to set up natural gas filling stations across Nigeria
In its bid to cushion effect of deregulation on Nigerians, the Nigerian National Petroleum Corporation (NNPC) has disclosed that plans had been concluded to set up Compressed Natural Gas (CNG) refill stations for motorists across the…
FG to roll out alternative fuel after deregulation
After backlash that greeted deregulation of Nigeria's downstream sector, the Federal Government has disclosed that plans have been concluded to roll out an alternative to fuel aimed at cushioning hardship occasioned by hike in price of…
Buhari inaugurates steering committee for new national development plan
President Muhammadu Buhari has inaugurated National Steering Committee to oversee development of Nigeria Agenda 2050 and Medium-Term National Development Plan (MTNDP) to succeed Vision 20:2020 and Economic Recovery and Growth Plan (ERGP)…
LASG to audit residents power supply need, extends renewable energy programme
In a bid to ensure residents of Lagos have power supply at their disposal often, the State Government has disclosed plans to carry out an audit of energy demand of private properties for an onward deployment of needed energy infrastructure…
Atiku educates FG on fuel price hike, oil sector deregulation
A former Vice President, Atiku Abubakar, has raised concerns over a sudden increment of pump price of petrol by Federal Government, just as he said that deregulation of oil sector does not translate to increment in Petrol Motor Spirit…
NNPC justifies AKK gas project, faults $1.5bn contract inflation reports
The Nigerian National Petroleum Corporation (NNPC) has faulted reports in some sections of the media that the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline Project was inflated to the tune of $1.527billion, saying that the corporation followed…
Experts outline fuel price adjustment benefits, predict reduction
After a thorough evaluation of global oil price trend, experts have predicted that the full deregulation of Nigeria's oil industry by the Federal Government and entrance of private refineries into the sector would in few weeks force a sharp…