Daniel Terungwa The Nigerian National Petroleum Corporation has reported that Federal Government saw its crude oil sales revenue plunge by 74.89 per cent in July to a record low of $55.29m. According to NNPC, latest data on the Federal Government’s export lifting showed that its crude oil sales proceeds stood at $219.58m in June, up…
Daniel Terungwa The 2020 World Maritime Day, WMD, celebration will hold at the Eko Hotel and Suites, Lagos on Thursday, September 24th, Minister of Transportation, Rotimi Amaechi has said. In a statement signed by Permanent Secretary, Federal Ministry of Transportation on Monday, Magdalene Ajani, this year’s celebration theme is “Sustainable Shipping for Sustainable Planet: The…
About 30 generating firms have expressed interest in generating 800 megawatts of electricity to the Benin Electricity Distribution Company (BEDC), the Managing Director, Mrs. Funke Osibodu, has said. According to ThisDay, Osibodu who disclosed this in Benin at a media chat on service-based tariff for Nigerian Electricity Supply Industry (NESI), however, lamented that within the…
The Nigeria Liquefied Petroleum Gas Association (NLPGA) has kicked against moves by the Petroleum Products Pricing Regulatory Agency (PPPRA) to impose administrative levy on Liquefied Petroleum Gas operators. This is despite the deregulation of the LPG sector. In protest, the association has asked its members to ignore PPPRA directive. NLPGA stated: “It has come to…
By Ikenna Omeje Nigeria’s oil output has dropped by over 100,000 barrels per day, down to 1.3 million bpd in August as against 1,411,000 bpd in June, 1,705,000 bpd in April and 1,436,000 in May, which resulted in a change of -25 in June and May. This was contained in the Organisation of Petroleum Exporting Countries (OPEC) Monthly…
The Minister of Transportation, Chibuike Amaechi has inaugurated the board of the proposed regional Maritime Development Bank for the Maritime Organisation of West and Central Africa (MOWCA) sub-regions. Amaechi who disclosed this on his Twitter handle on Tuesday, said: “I have just declared open the inaugural board meeting of the proposed Regional Maritime Development Bank…
In its commitment to help address the problem of epileptic power supply, the Niger Delta Power Holding Company (NDPHC) on Monday said it plans to add 125 megawatts of electricity to the national grid to boost power supply in the country. The Managing Director of NDPHC, Mr. Chiedu Ugbo, made the disclosure in Abuja, when…
As part of its Corporate Social Responsibility (CSR), Chevron Nigeria Limited (CNL) invested N4.3 billion to boost agriculture in the Niger Delta region in 2019, through its Partnership Initiatives in the Niger Delta (PIND), the oil company disclosed in its 2019 Corporate Responsibility Report. According to the report, socio-economic and peaceful coexistence of communities in…
By Ikenna Omeje Following reports circulating on social media that the Kainji Dam burst its banks, the Infrastructure Concession Regulatory Commission (ICRC) has dismissed the reports, saying the dam is safe and no embankment collapse occurred. In a release, the commission said that what is presently going on at the dam “is a well planned…
By Ikenna Omeje The Managing Director of Shell Nigeria Exploration and Production Company Limited (SNEPCo), Mr. Bayo Ojulari , on Wednesday, said that industry players and companies ready to be creative and collaborate have immense business opportunities in providing quality solutions to the challenges that the oil and gas industry faces in implementing Local Content…
