The Renewable Energy Association of Nigeria (REAN) has called on the Federal Government to reduce import duty on solar components to attract more usage of solar power. Mrs Lande Abudu, Executive Secretary of REAN made this call in an interview in Abuja on Sunday. The renewable energy is from a source that is not depleted…
On Wednesday, the Nigerian Electricity Regulatory Commission (NERC) approved new energy tariff for the electricity distribution companies (DisCos) in the country. For each DisCo, the tariffs differ according to customer classification. This piece focuses on the price range for residential customers under the R2 class – the amount they currently pay and what they are…
Seplat Petroleum Development Company Plc, an independent oil and gas exploration and production company incorporated and operating in Nigeria, has been honoured with the award of Outstanding Indigenous Contributor to Gas Development in Nigeria. The oil and gas firm received the award at the recently concluded 2019 Annual Conference and Awards of the National Association…
The Nigerian International Maritime Ports and Terminals (NIMPORT), a port and terminal promotion body, has appealed to the Federal Government to ensure seamless connectivity for cargo and human traffic. NIMPORT Chairman Mr Fortune Idu made the appealin Lagos on Saturday. “The focus should be full connectivity, from the port to the hinterland. “There should be…
Oil prices fell sharply on Friday after China unveiled retaliatory tariffs against about $75 billion worth of U.S. goods, marking the latest escalation of a protracted trade dispute between the world’s two largest economies. Brent crude futures LCOc1, the international benchmark for oil prices, fell 88 cents to $59.04 a barrel by 1327 GMT. U.S….
The Department of Petroleum Resources (DPR), Warri Zonal Office, says it has sanctioned two petrol stations and two gas plants in Delta over alleged sharp practices. The affected stations are: Akpos Petroleum Limited, G-Palash Nigeria Limited and Onejire Gas Plant all located in Ughelli as well as Somil Energy and Gas Ltd. Mrs Gladys Idahosa,…
… to collaborate with N/Assembly on NC Act Amendment The Nigerian Content Development and Monitoring Board (NCDMB) have put fundamentals in place for the attainment of the Nigerian Content 10-Year Roadmap, which would enable the nation to start reaping the full benefits of its oil and gas resources, with clear linkage to other sectors of…
The Managing Director Transmission Company of Nigeria (TCN), Usman Gur Mohammed, on Thursday disclosed that the TCN recommended that one of the 11 distribution companies (DisCOs) in the company be liquidated. Mohammed disclosed this to the new Minister of Power, Engr. Mamman Sale and the Minister of State, Goddy Jedy Agba, at their inaugural briefings…
The Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Mr Mohammad Barkindo, has congratulated Mr Timipre Sylva on his appointment as Nigeria’s Minister of State for Petroleum Resources. Barkindo disclosed this in a statement issued on Wednesday. He described the newly-appointed minister is a veteran of the oil industry in Nigeria, where he…
The Nigeria Extractive Industries Transparency Initiative (NEITI) says that 692 million barrels of crude oil was produced in the country in 2017. NEITI disclosed this in its report, entitled, “pilot study on commodity trading for 2017” and released in Abuja, on Thursday. “The total crude oil production for 2017 was 692 million barrels. Out of…
