The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari, has urged members of the Nigerian Guild of Editors (NGE) to join effort to keep the corporation in check for transparency and accountability. Kyari gave the charge when a delegation of the Guild led by its president, Ms Funke Egbemode, paid…
The Port Harcourt Electricity Distribution Company (PHED) says it has commenced sale of electric meters to customers in Akwa Ibom, Bayelsa, Cross River and Rivers States. PHED’s Chief Executive Officer, Mr Naveen Kapoor, disclosed this at the launch of the Meter Asset Provider (MAP) metering scheme in Port Harcourt on Thursday. Kapoor said users would…
The Department of Petroleum Resources (DPR), has sealed 18 filling stations in Zamfara for offences ranging from violation of safety rules, under-dispensing of petroleum products to customers and operating without valid licences. The Acting Operations Controller of Gusau DPR Fields Office, Alhaji Saleh Audu said this while briefing newsmen on Thursday in Gusau. Audu said…
Oil dropped below $65 a barrel on Thursday, declining for the first time in six days, after the U.S. Federal Reserve dampened hopes for a string of interest rate cuts and as rising U.S. output helped keep the market well supplied. The Federal Reserve reduced rates on Wednesday, but against expectations the head of the…
The Artisan Fishermen Association of Nigeria (ARFAN) has asked ExxonMobil to as a matter of urgency clean up the Niger Delta and rid it of ”environmental hazards caused by oil spill occurring from the company’s actvities”. Mr Inyang Ekong, the Niger Delta Coordinator of the Association, made the allegation in an interview in Eket, Akwa…
Mr Ahmad Shakur, the acting Director of Petroleum Resources, (DPR) has promised to drive the deepening of private refinery initiative in Nigeria by providing the necessary regulatory oversight collaboration with prospective investors. Mr Paul Osu, Head, Public Affairs of the agency said this in a statement in Lagos on Friday. Osu said that Shakur stated…
Prof. Berth Nnaji, the Chairman, Geometric Power Company, Aba, says the payment of the $26 million to Enugu DisCo will be completed in September. Nnaji disclosed this on Thursday in an interview with newsmen on the sideline of a meeting of the Aba Chamber of Commerce, Industry, Mines and Agriculture (ACCIMA) in Aba. The payment…
The management of Eko Electricity Distribution Company (EKEDC) says Police have arrested and tried two men who specialised in stealing and selling of the company’s cables in Ilasan Community, Lekki, Lagos. Mr Godwin Idemudia, the General Manager, Corporate Communications Unit of EKEDC, made this known in Lagos. Idemudia said that one of the suspects was…
Lagos — Nigeria will increase importation of petrol from China as the Asian country ramp up petrol exports in July and August to near record levels. The main destinations for the Chinese export are Nigeria and Mexico. Nigeria began import from the Asian country with 51,000 metric tons in January this year. PetroChina has been granted an…
Lagos — The new group managing director of the Nigerian Nigerian National Petroleum Corporation, NNPC, Mallam Mele Kyari is seeking the co-operation of oil exploration and producing companies for a downward review of the cost structure of crude oil production in the country. Speaking when the management of Chevron Nigeria Limited, CNL, led by its Managing…
