Price of Cooking Gas Increased by 101 Per Cent in One Year AVERAGE price of 5kg cooking gas increased from N4,397.68 in July to N4,456.56 in August. The assertion was made by the National Bureau of Statistics (NBS), in its Cooking Gas Price Watch issued on Tuesday in Abuja. It noted that the price in…
VP OSINBAJO TO SPEAK AT OPTS 60TH ANNIVERSARY EVENT The Vice President of Nigeria, Professor Yemi Osinbajo, will be the Special Guest of Honour at the 60th Anniversary Dinner of the Oil Producers’ Trade Section (OPTS) of the Lagos Chamber of Commerce & Industry (LCCI). The event, which is billed to hold on Thursday, September…
NDPHC Partners US Company to Build 10 Utility Scales to Enhance Power Capacity Nigeria’s foremost power Generation Company (GenCo), Niger Delta Power Holding Company (NDPHC), says it will partner a US government renewable energy company to build a 10 utility scales, to a total of 1 gigawatts in order to boost power supply across the…
NSCDC ARRESTS 19 SUSPECTS FOR ILLEGAL DEALINGS IN PETROLEUM PRODUCTS OIL THEFT: RIVERS NSCDC ARRESTS 19 SUSPECTS FOR ILLEGAL DEALINGS IN PETROLEUM PRODUCTS IMPOUNDS 2 TRUCKS 7 CARS & 3 WOODEN BOATS LADEN WITH UNQUANTIFIED LITRES OF AGO The Nigeria Security and Civil Defence Corps (NSCDC), Rivers State Command has arrested 19 suspects on account…
NUPRC to Work with Senate to check Oil Theft The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says the joint investigations it carried out alongside the Senate Adhoc Committee on Crude out Thieft in the Niger Delta Region indicated that third parties had their field day at these oil facilities because of some IOCs to protect…
Senate says Oil Theft is a National Crisis The Senate Adhoc Committee set up to investigate Crude Oil Theft and the Impact on the nation’s Economy, has described the level oil theft in the Niger Delta Region as a National Crisis. Chairman of the Committee, Senator Albert Bassey who said this shortly after the committee’s…
ASUU Strike: Protesting Students Blocks Lagos Airport Some Nigerian students protested at the Murtala Muhammad International Airport, Lagos on Monday over prolonged strike of the Academic Staff Union of Universities (ASUU), which started on February 14, 2022. Vehicular movement were affected by the protest which resulted in some travellers trekking with their luggage. The students…
Privatisation: NUEE Accuses Gencos, Discos Owners Of Deception The National Union of Electricity Employees, NUEE, has accused the owners of the power Generation Companies or GenCo’s, and the power Distribution Companies or DisCo’s, of deceiving the Federal Government and Nigerians in the privatization of the power sector in 2013. The NUEE, said the Genco’s and…
Lower Oil Prices Defy Robust Forecasts for Global Demand Oil prices have tumbled by around a quarter in the past three months, largely due to fears of a prolonged slump in global energy demand. But no major forecaster is actually predicting one. Two of the most closely followed predictors of global oil demand, the Organization…
Pipeline Surveillance: Tread Carefully, Niger Delta Leader Urges Dokubo Amidst raging agitations over the N4billion per month pipeline surveillance contract awarded by the Federal Government to the former commander of erstwhile Movement for the Emancipation of Niger Delta, Government Ekpemupolo, popularly known as Tompolo, a leader in the region, Dr. Clarkson Aribogha, has called on…