Industry

The Nigerian government has fixed the price of Compressed Natural Gas at $1.57MMBtu. Programme Director/Chief Executive Officer, Presidential Compressed Natural Gas Initiative (PCNGi) Michael Oluwagbemi disclosed this in a statement…
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xr:d:DAFnCZbxwvw:440,j:3156298037049120244,t:23082307 By Ese Ufuoma In a notable development, the Presidency announced plans to launch a fleet of two thousand seven hundred CNG-powered buses and tricycles just in time for President…
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R-L: GCEO NNPC Ltd, Mr. Mele Kyari (represented by the Chief Corporate Communications Officer, NNPC Ltd, Mr. Olufemi Soneye) receives the Energy Times Newspaper's GCEO of the Year Award from Rev. Dr. Wole Adebayo of Foursquare Gospel…
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Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr Felix Omatsola Ogbe with, Chairman NedoGas Development Company Limited (NDCL), Engr. Emeka Ene at the ceremony marking the payment of $1m being return on…
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De-facto Subsidy Returns as Petrol Prices Rise Traders Continue to Supply Nigeria Despite Payment Delays Fuel and Power Subsidies Could Shave 3% from GDP in 2024 – IMF Nigeria’s state-owned oil company NNPC is reportedly in…
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Offshore drilling contractor Dolphin Drilling has struck a deal with Lagos-based General Hydrocarbons Limited (GHL), a Nigerian oil and gas player, to boost oil production exercise. The contract is pursuant of past due payment…
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By Yange IkyaaRecently, the Organization of the Petroleum Exporting Countries (OPEC) advised the Nigerian National Petroleum Company (NNPC) Limited to increase oil production in the country in order to derive increased advantage from…
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By Yange IkyaaThere have been media reports in recent times that the Federal Government of Nigeria is planning to end subsidies on electricity in the country.Energy subsidies are measures that keep prices for customers below market…
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By Abubakar IsmailIn recent years, Nigeria's economy has faced mounting challenges as foreign direct investment (FDI) in the oil sector shows signs of decline, indicating a shift in the global investment landscape, with profound…
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By Gideon OsakaThe Federal Government recently announced the ban on exportation of liquefied petroleum gas (LPG), commonly known as cooking gas, in a bid to combat the surging prices of the product. This policy direction of the…
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