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…
The Deputy Governor of Lagos State, Dr Obafemi Hamzat, has urged the Federal Government to ensure security of pipelines across the state. Hamzat made the call on Tuesday while receiving members of the House of Representatives Committee on Youths Development, in Lagos. Recounting the ordeal of the state in the last couple of years over…
To halt the persistent cases of explosions in the country, a security expert, Mr Amos Olaniyan, says the Federal Government must evolve a policy to enforce installation of anti-explosive devices on petrol and gas trucks. Olaniyan gave the advice on Tuesday in Ibadan. The security expert was speaking against the backdrop of the explosions that…
The Federal Government on Tuesday in Abuja began review of the Act establishing Oil and Gas Free Zones Authority (OGFZA) in Nigeria. The review is to remove ambiguities and enhance effectiveness in the sector. Mr Adeniyi Adebayo, the Minister of Industry, Trade and Investment while declaring open a stakeholder’s forum to review the OGFZA Act…
The U.S. could begin purchasing U.S. produced crude oil for the Strategic Petroleum Reserve in two weeks from now, and fill it in several months, an Energy Department source said on Monday. President Donald Trump said on Friday that he had ordered the Energy Department to fill the reserve “to the top.” The move was…