Filling stations across Lagos State have started effecting the new N125 per litre pump price regime for Premium Motor Spirit (PMS) which was approved by President Muhammadu Buhari on March 18. TBI Africa Correspondent who monitored the situation on Friday morning at Ikeja, Fadeyi, Abule Egba, Onipan, Surulere, Ebute Metta and Yaba areas observed that…
By Ikenna Omeje Chevron Nigeria Limited (CNL), operator of the joint venture between the Nigerian National Petroleum Corporation and CNL , has said that none of its employees has contracted the COVID-19 (Coronavirus) infection. This was contained in a press statement issued by the company’s General Manager, Policy, Government and Public Affairs, Esimaje Brikinn, on…
Mr Nik Odinuwe has emerged the new chairman at the just-concluded annual general meeting, AGM, of the Petroleum Technology Association of Nigeria, PETAN, which held Wednesday at Novotel in Port Harcourt, Rivers State. According to a statement, by the newly elected Publicity Secretary, Lucky Akhiwu, Odinuwe succeeds Mr Bank-Anthony Okoroafor, who had steered the affairs…
The Executive Secretary of the Nigeria Content Development and Monitoring Board, (NCDMB) Engr. Simbi Wabote has called for collaboration with the Nigeria Police Force, (NPF) towards improving the operations in the oil and gas industry. Engr. Wabote made the statement during a courtesy visit to the Nigeria Police Force(NPF) Headquarters in Abuja on Wednesday 18th…
The oil marketers under the umbrella of Major Marketers Association of Nigeria (MOMAN) has thrown its support of any measures the Federal Government takes to bring about succour to Nigerians and improve the petroleum downstream industry. Mr Tunji Oyebanji, MOMAN chairman made the disclosure in an exclusive interview with TBI Africa in Lagos on Wednesday…
Nigeria’s economy may slide into another recession as the sudden crash in crude oil prices is set to wipe $8.63bn from the expected earnings accruable to the country in six months. Already, the nation has lost over $335.7m after the crude oil price plunged last week, hovering between $30 to $36 per barrel. This is…
Ikeja Electric (IE) has inaugurated two new feeders, Igando 33KV and Ijegun 33KV, to further boost supply to customers in the network. Mr Felix Ofulue, Head, Corporate Communications, IE, confirmed the development in a statement issued on Monday in Ikeja. Ofulue said that with the completion of the feeders, beneficiary communities would experience improved power…
The Nigerian Electricity Regulation Commission (NERC), said on Monday that 17 deaths and eight injuries of various degrees involving employees, companies and third parties were recorded in third quarter of 2019. NERC, the Federal Government’s agency that regulates operations of the electricity sector in the country, made this known in its third quarter report made…
Eko Electricity Distribution Company (EKEDC) commiserates with victims of the gas explosion which rocked Abule Ado in the Trade Fair axis of Lagos on March 15. Mr Godwin Idemudia, General Manager, Corporate Communications, EKEDC, who spoke to newsmen on Tuesday in Lagos, described the incident as unfortunate and expressed the company’s sympathy for the loss…
The Department of Petroleum Resources (DPR), Osogbo Field Office, says it will sensitise 400 stakeholders in oil and gas business in Osun to enable them embrace safety practices during operations. Mr Olusegun Daboh, DPR Operations Controller in the state, made the disclosure on Tuesday in Osogbo. Daboh said the department had concluded plans to hold…
