Subsidy regime endangers system inefficiency, retrogression
Stakeholders in Nigeria’s energy ecosystem have said that retaining the current subsidy regime in the country’s petroleum downstream segment is unsustainable as it produces inefficiency in the value chain, thus impeding industry progress.
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NNPC, Sahara Group deliver 437,170mt of LPG
MT Africa Gas and MT Sahara Gas has delivered 437,170 metric tons of liquefied petroleum gas (LPG), known as cooking gas to the domestic market thus boosting penetration of the product in the country.
The vessels were unveiled in Ulsan,!-->!-->!-->…
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Togo, others owe Nigeria N37b for electricity -NERC
Three of Nigeria’s international customers who were supplied up to 300 megawatts (MW) of electricity in 2018, are still indebted to the country, a quarterly report from the Nigerian Electricity Regulatory Commission (NERC) has disclosed.
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Dragging us, our staff into politics may threaten oil investments – NNPC
The Nigerian National Petroleum Corporation (NNPC) has said that the ongoing attempts by politicians to drag its name into partisan politics was a potent danger to the corporation’s business interests, contract deals and MoUs which!-->…
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Dangote insists refinery on track, ready next year
...Says the plant, being built near Lagos and designed to process 650,000 barrels of crude daily, is running to deadline
Nigerian billionaire Aliko Dangote said he’s on schedule to finish by next year, his $15 billion oil refinery,!-->!-->!-->…
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FG shares N2.2trn to state govts as palliatives
...DPR generated N1.3trn in 2018
The federal government has revealed that it has so far disbursed a total of N 2.231 trillion to 35 state governments from 2016 to date as palliatives measures to support States to pay salaries and!-->!-->!-->…
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Total to build refinery, offshore Nigeria
Total , French oil company has embark on a 60,000bpd Ikike project in the OML 99 licence offshore Nigeria.
The company has earmarked Ikike project for a final investment decision (FID)
Other projects earmarked for FID include the!-->!-->!-->!-->!-->…
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Kachikwu inaugurates APPO Board
The Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, on Tuesday, inaugurated the executive board of the African Petroleum Producers’ Organization (APPO).
Kachikwu, who is currently the Chairman of APPO, said that!-->!-->!-->…
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PENGASSAN kicks against operating model for refineries
The Petroleum and Natural Gas Senior Staff Association of Nigeria has expressed its opposition to the current operating model for the nation’s refineries.
PENGASSAN, in a statement on Monday, described the model as unsustainable,!-->!-->!-->…
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BREAKING: National Council of State Approves N27,000 New Minimum Wage
*The National Council of State has approved N27,000 as the minimum wage for the country.
The council approved the amount at its meeting in Abuja on Tuesday. Following the Council’s approval, a minimum wage bill is expected to be sent to!-->!-->!-->…
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