…Says it’s Illegal to Build LPG Skid Plant inside Filling Stations. The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) has raised concern over the growing number of Liquefied Petroleum Gas skids being installed at petrol stations across the country. Mr Nosa Ogieva-Okunbor, President, NALPGAM, condemned the indiscriminate citing of plant in station…
Oil prices declined on Tuesday, although the market remains on tenterhooks over the threat of a military response to attacks on Saudi Arabian crude oil facilities. Saturday’s attacks raised the prospect of a major supply shock in a market that in recent months has focused on demand concerns due to the pressure on global growth…
The oil sector workers on Tuesday rejected a move by the Federal Government to incorporate its workers wage into the Integrated Personnel and Payroll Information System (lPPIS). This contained in a letter by the Nigeria Union of Petroleum and Natural Gas Workers and the Petroleum and Natural Gas Senior Staff Association to the Minister of…
The National Bureau of Statistics (NBS), says the average price to refill 5kg cylinder for Liquefied Petroleum Gas (Cooking Gas), decreased by N2,000.34 in August 2019 from N2,024.80 in July. The bureau said this in its “Liquefied Petroleum Gas (Cooking Gas) Price Watch’’ for August obtained from its website on Tuesday in Abuja. It said…
The National Bureau of Statistics (NBS), says inflation rate in August 2019 reduced by 0.06 per cent to 11.02 per cent from 11.08 per cent recorded in July. It said this in the “Consumer Price Index (CPI), August 2019” report it released on Tuesday in Abuja. The report, however, said that inflation increased by 11.02…
Electricity Generation Companies (GenCos), comprising gas-fired and hydro stations, said they released an average of 3,367 MegaWatts/Hour of electricity into the national grid on Tuesday. The Advisory Power Team, Office of the Vice President, disclosed this in a daily energy report made available in Abuja on Wednesday. The report noted that the electricity sent out…
Mr Adeolu Ogunbanjo, National President, National Association of Telecoms Subscribers (NATCOMS) on Tuesday appealed to the National Communications Commission to (NCC) to take regulatory measures against importation of inferior mobile phones accessories. Ogunbanjo made the appeal in Lagos. Ogunbanjo also urged the agency to ensure adequate regulation on specification of such items, to avoid additional…
Executive Secretary, Nigerian Content Development Monitoring Board, Simbi Wabote The Nigerian Oil & Gas Industry Content Development (NOGICD) Act was enacted to promote increased Nigerian participation in the petroleum industry. What’s the progress report so far? WABOTE: Before the enactment of the NOGICD Act in 2010, out of the $20billion industry spend, less than 3…
The average price per litre paid by consumers for National Household Kerosene increased to N319.94 in August 2019 from N316.03 in July, according to the National Bureau of Statistics (NBS). The bureau, in its “National Household Kerosene Price Watch (August 2019)” obtained from its website on Tuesday in Abuja, said the increase is by 1.24…
The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM), says the removal of Value Added Tax (VAT) on cooking gas by the Federal Government will deepen market penetration, boost the country’s economy and protect the environment. Mr Nosa Ogieva-Okunbor, President , NALPGAM, stated this during the association’s Governing Council Meeting held in Lagos on Tuesday….
