Fuel Hike: IPMAN Reveals New Pump Price
Following the recent hike of the Premium Motor Spirit (PMS), also known as Petrol or fuel after the removal of the subsidy by President Bola Tinubu-led government, the Independent Petroleum Marketers Association of Nigeria (IPMAN) has!-->!-->!-->…
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Nigeria Spends $25bn on Refineries As Dangote’s Take-Off Fails
A breakdown shows that the Port Harcourt, Kaduna, and Warri refineries gulped $25bn in Turn Around Maintenance in the last six yearsHowever, a new report showed that Nigeria had spent billions of dollars on the maintenance of its!-->!-->!-->!-->!-->!-->…
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Niger Republic Owes Nigeria Over N4bn for Power Supply – NERC
By Moses Patience Chat
The Nigerian Electricity Regulatory Commission (NERC) has released the first quarter report for 2023, revealing that Niger Republic currently owes Nigeria N4.22 billion for power supply.According to the!-->!-->!-->!-->!-->!-->!-->…
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Pinnacle Oil & Gas Appoints New CEO
Adaobi Rhema Oguejiofor
Pinnacle Oil & Gas Limited, an indigenous Nigerian petroleum firm, has announced the appointment of Robert Dickerman as the new Chief Executive Officer (CEO) of the Company.The appointment was!-->!-->!-->!-->!-->!-->!-->…
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Indigenous Energy Firm Seeks Partnership with Discos to Meter Customers
Adaobi Rhema OguejioforThe Management of Smart Meter Company Limited, an indigenous Nigerian energy firm, has said that collaboration with distribution companies (Discos) across the country will ensure that all Nigerians are!-->!-->!-->!-->!-->…
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Cooking Gas Price to Increase in Nigeria by Next Week
Adaobi Rhema OguejioforThe President of the Nigerian Association of Liquefied Petroleum Gas Marketers (NALGAM), Olatunbosun Oladapo, has said that gas consumers should prepare themselves for price hikes in the product beginning!-->!-->!-->!-->!-->…
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MRS Oil Posts $3m Profit in Half-Year
MRS Oil Nigeria Plc, a Nigerian firm focused on oil marketing and predominantly owned by the affluent entrepreneur Sayyu Dantata, has unveiled its financial outcomes for the initial six months of 2023. The results showcase a remarkable!-->!-->!-->…
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VAT Should Be Suspended On Diesel — Presidential Tax C’ttee Chair
...VAT suspension will cushion the harsh economic effects of the fuel subsidy removalTaiwo Oyedele, the Chairman of the Presidential Committee on Tax Policy and Fiscal Reforms has told President Bola Tinubu to suspend Value Added!-->!-->!-->!-->!-->…
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Tinubu, Okonjo-Iweala Brainstorm Solutions As N700/Litre Petrol Pump Price Looms
*Say “We Are Going to Try”
*President Bola Ahmed Tinubu sat with Ngozi Okonjo-Iweala to discuss some of the challenges Nigerians are facing*One of the subjects of discussion was the impact of the rising price of petrol across!-->!-->!-->!-->!-->!-->!-->…
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Lagos to Raise N7.5trn Private Funds to Boost Electricity Supply by 2032
Adaobi Rhema OguejioforThe Governor of Lagos State, Babajide Sanwo-Olu, has disclosed that his administration intends to raise as much as $10 billion, which is equivalent to N7.5 trillion, in private investment in order to boost!-->!-->!-->!-->!-->…
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