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THE National Bureau of Statistics, NBS report, released yesterday, showed that the average price paid by consumers for premium motor spirit (petrol) decreased by -15.1% year-on-year and -1.1per cent month-on-month to N145.80 in December…
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The Petroleum Equalisation Fund says its Sensor Monitoring Project will help to track the quantity of Premium Motor Spirit, also known as fuel, consumed in the country. The PEF Executive Secretary, Alhaji Ahmed Bobboi, disclosed this…
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Nigerians might have to live without electricity soon, as Electricity generation companies has threatened to close down power plants across the county if the federal government fails to intervene in the challenges…
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The Nigerian Electricity Regulatory Commission (NERC) has said it will not be involved in the constant demand by power generation companies (Gencos) in Nigeria’s electricity market to ensure the market recognises and include capacity…
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The Nigerian National Petroleum Corporation (NNPC) on Tuesday raised alarm over the rising incidence of pipeline vandalism across the country. In a statement, the NNPC spokesperson, Ndu Ughamadu, said the corporation’s pipeline network…
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The Petroleum Products Pricing Regulatory Agency (PPPRA) has disclosed that between 2016 and 2018, a period of three years, Nigerians consumed an average of 51 million litres of petrol every day. It explained that the consumption figure…
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Eland Oil & Gas, an oil & gas production and development company operating in West Africa with an initial focus on Nigeria, has provided an update on operations and guidance for 2019. Highlights Average production in 2018 was…
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Spot activity dwindled on Monday as traders awaited the new March Nigerian loading programmes that are expected to emerge this week, while India’s IOC mopped up some cargoes via a tender. BP was said to be offering a cargo of…
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...Buhari, Osinbajo receive new 60-page, 10-year International passport The Federal Government (today) Tuesday launched a new 60-page Nigeria international passport. The red diplomatic passport also has ten years life span. …
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The Rice Farmers Association of Nigeria (RIFAN) said the Central Bank of Nigeria (CBN) has approved compensation via loans for over 550,000, rice farmers affected by the 2018 flood disaster. The RIFAN National President, Aminu Goronyo,…
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