Category: Energy

Sokoto Lauds DPR On Fuel Availability
April 2, 2020 No Responses

Sokoto Lauds DPR On Fuel Availability

Sokoto State Government on Thursday commended Department of Petroleum Resources (DPR) over fuel availability in the state and warned marketers against selling products above regulated price.Alhaji Chika Umar, Permanent Secretary, Ministry of Commerce made the commendation during a visit to...
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COVID-19: Ikeja Electric Suspends Disconnection For Non-Paying Customers
April 1, 2020 No Responses

COVID-19: Ikeja Electric Suspends Disconnection For Non-Paying Customers

Non-Paying customers within Ikeja Electric Plc franchise network will not be disconnected during the two-week stay-at-home period enforced by the government to curb the spread of COVID-19.According to the Disco, the decision to suspend all disconnection activi...
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Nigeria Reduces Fuel Price To N123.50 Per Litre
April 1, 2020 No Responses

Nigeria Reduces Fuel Price To N123.50 Per Litre

The Petroleum Products Pricing Regulatory Agency (PPPRA) has announced further reduction of the pump price of Premium Motor Spirit (PMS) also known as petrol from N125 to N123.50k per litre. The agency made the announcement on Tuesday in a statement...
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Lockdown: DPR Warns Against Hoarding
March 31, 2020 No Responses

Lockdown: DPR Warns Against Hoarding

The Department of Petroleum Resources (DPR) on Tuesday urged oil marketers to ensure distribution of petroleum products even with the stay at home order meant to check Coronavirus spread in the country.The DPR Abuja Zonal Director, Mr Buba Abubakar, gave...
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Oil Price Drops To Lowest Level In 18 years
March 31, 2020 No Responses

Oil Price Drops To Lowest Level In 18 years

The price of oil has sunk to levels not seen since 2002 as demand for crude collapses amid the coronavirus pandemic. Brent crude fell to $22.58 (£18.19) a barrel at one point on Monday, its lowest level since November 2002....
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NNPC Assures Nigerians Of Steady Fuel Supply
March 29, 2020 No Responses

NNPC Assures Nigerians Of Steady Fuel Supply

The Nigerian National Petroleum Corporation (NNPC) has assured Nigerians of adequate fuel supply following implementation of sit-at-home order in some states to contain the spread of the COVID-19. Mr Mele Kyari,  Group Managing Director,  NNPC, who g...
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NNPC To Professionals: Find Solutions To Oil Industry Challenges
March 18, 2020 No Responses

NNPC To Professionals: Find Solutions To Oil Industry Challenges

The Nigerian National Petroleum Corporation (NNPC) has challenged professionals in the Nigerian Petroleum sector to come up with solutions to tackle current challenges facing the industry.The Group Managing Director of NNPC, Mallam Mele Kyari, gave the charge ...
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Nigeria Reviews Oil And Gas Free Zones Authority Act
March 18, 2020 No Responses

Nigeria Reviews Oil And Gas Free Zones Authority Act

The Nigerian Government on Tuesday in Abuja commenced review of the Act establishing Oil and Gas Free Zones Authority (OGFZA). According to the Government, the review is to remove ambiguities and enhance effectiveness in the sector. The Minister of Industry,.....
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Nigeria To Reduce Cost Of Crude Oil Production
March 11, 2020 No Responses

Nigeria To Reduce Cost Of Crude Oil Production

The Nigerian National Petroleum Corporation (NNPC) has expressed its readiness to strategically put in place measures that would alleviate the cost of crude oil production in Nigeria to create market for Nigeria’s crude and make Nigeria a choice destination ...
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DPR Seals Seven Cooking Gas Plants
March 3, 2020 No Responses

DPR Seals Seven Cooking Gas Plants

The Department of Petroleum Resources (DPR) on Tuesday intensified efforts to curtail incidence of gas explosion in Lagos State with the closure of seven Liquefied Petroleum Gas (LPG) plants.The oil and gas industry regulator said the affected LPG (cooking gas...
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Ikeja Electric Appoints Folake Soetan CEO
February 29, 2020 No Responses

Ikeja Electric Appoints Folake Soetan CEO

 Ikeja Electric Plc has announced the appointment of Mrs Folake Soetan as its Acting Chief Executive Officer. The electricity distribution company made the announcement in a statement signed by its Head of Corporate Communications, Mr Felix Ofulue.  ...
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Nigeria Loses $750m To Oil Theft In 2019
February 19, 2020 No Responses

Nigeria Loses $750m To Oil Theft In 2019

Nigeria lost about 750 million dollars to oil theft in 2019, the Nigerian National Petroleum Corporation (NNPC), said on Tuesday .The NNPC Group Managing Director, Malam Mele Kyari, disclosed this in a statement signed by the Acting spokesman for the...
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NNPC, Shell, Total, Others Disburse $360m For Ogoni Clean-Up
February 17, 2020 No Responses

NNPC, Shell, Total, Others Disburse $360m For Ogoni Clean-Up

The Nigerian National Petroleum Corporation (NNPC) and its Joint Venture Partners of Shell Petroleum Development Company (SPDC), Total Exploration and Production of Nigeria (TEPNG) and Nigerian Agip Oil Company (NAOC), have disbursed $360million towards the Og...
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Ikeja Electric Targets N170b Revenue In 2020
February 16, 2020 No Responses

Ikeja Electric Targets N170b Revenue In 2020

Ikeja Electric (IE) has projected total revenue of N170 billion in 2020 with the implementation of the increment in various classes of electricity tariff. The company is to create a new tariff class called Bilateral for customers and had signed...
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