Queues resurface in Lagos as marketers envisage pump price increase Long queues of vehicles has resurfaced in Lagos as some filling stations shut down operations in anticipation of increase in pump price. Some filling stations along Ikorodu Road, Maryland, Gbagada, Bariga, Ketu and Yaba witnessed long queues. Furthermore, some stations were under lock and keys…
NUPRC canvasses innovative solutions to energy transition challenges The Chief Executive, Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, says the impact of energy transition has made it mandatory for oil sector operators to develop innovative measures to mitigate its effect. He spoke at the Energy Year Nigeria 2023 Book Launch and Awards Ceremony in…
Atlas Oranto Pioneers African Energy Security as Diamond Sponsor at African Energy Week (AEW) Highlights Atlas Oranto, Africa’s largest privately-held exploration and production company, has announced its sponsorship of the African Energy Week (AEW) conference. With 22 oil and gas licenses across the continent, Atlas Oranto is a key player in the African petroleum sector….
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….