Don’t exaggerate Fuel contamination incidents Okonkwo, United Nigeria COO The recent incident where large amount of contaminated fuel was found in a Max Airline aircraft has been described as a ‘one off’ incident which should not be blown out of proportion. In an interview in Lagos recently, the Chief Operating Officer of United Nigeria…
Naira slump: Fuel price may go up, say marketers The fall of the naira against the United States dollar, coupled with the recent rise in global crude oil prices, is making Nigerians apprehensive of a possible hike in the pump price of Premium Motor Spirit, popularly called petrol. Although the Nigerian National Petroleum Company Limited…
LPG hike: Gas retailers urge FG to encourage more local production LPGAR The Liquidfied Petroleum Gas Retailers (LPGAR) has suggested to the Federal Government to establish more local LPG production plants, encourage storage and transportation of the product to avert price hike. Mr Ayobami Olarinoye, the Branch National Chairman of LPGAR, made the remarks in…
Niger owes Nigeria N4bn for power supply – NERC Niger currently owes Nigeria N4.22bn ($5.48m: $/N769.27 exchange rate) for power supply; the Nigerian Electricity Regulatory Commission’s just released first quarter report has stated. According to the report, Niger’s state power firm, Nigerien Electricity Society, was yet to remit the $5.48m invoice issued for power supply…
Over N612bn Niger Delta projects cancelled, abandoned – NDDC report An Executive Summary According to a report from the Niger Delta Development Commission (NDDC), a total of 1,587 projects valued at N612.4bn have been terminated and abandoned in the Niger Delta region. The report revealed that 1,262 projects worth N407.75bn were terminated, while 325 projects…
Eko Disco invests extensively on equipment upgrades – CEO Eko Electricity Distribution Company (EKEDC) says it has invested extensively on upgrading of equipment within its network to improve service delivery. Dr Tinuade Sanda, the Chief Executive Officer, EKEDC, disclosed this during its Ijora District customers engagement forum in Lagos on Thursday. Customers at the forum…
Price of cooking gas may surge- NALPGAM The hike in the foreign exchange rate and activities in the international market may result to increase in the price of cooking gas, says the Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM). Mr Olatunbosun Oladapo, the President of the association, issued the warning on Thursday in Lagos….
Fix refineries, end hardship of Nigerians, CSNGO tells Tinubu Civil Society and Non-Governmental Organisations (CSNGO) in Delta State has urged President Bola Tinubu to, as a matter of urgency, put an end to the suffering of Nigerians occasioned by the subsidy removal, saying: “The current hardship is killing us by the day.” In a communiqué…
NDPHC restores electricity supply to Eko and Aba DisCos Commercial concerns and individuals in two of Nigeria’s largest commercial cities, Lagos and Aba, have heaved a sigh of relief following the restoration yesterday of electric power to two electricity distribution firms in their places by the Niger Delta Power Holding Company (NDPHC). The NDPHC, set…
NIMASA hands over site of modular floating dock to Melsmore An Executive Summary: The Nigerian Maritime Administration and Safety Agency (NIMASA) has handed over a leased site at the Continental Shipyard Limited (CSL) to their technical partners, Melsmore. The technical partners will work with the Nigerian Ports Authority (NPA) to finalize site management and conduct…