The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari has said that the plan of the corporation is to make Nigeria a net exporter of petroleum products by 2023. Speaking in Lagos on Thursday at the National Association of Energy Correspondents (NAEC) annual conference, Kyari said in a bid to achieve…
Oil marketers on Wednesday urged the newly appointed Minster of State for Petroleum Resources, Mr Timipire Sylva, to push for the passage of the Petroleum Industry and Governance Bill (PIGB) in order to put the industry on a sound footing. The marketers, under the aegis of Major Oil Marketers Association of Nigeria (MOMAN) and Independent…
The Transmission Company of Nigeria (TCN), says that the Federal Government has approved N600 billon for electricity market to boost power supply. Mr Edmund Ejie, the Market Operator of TCN said this on Wednesday in Abuja, at the 3rd quarter Participants and Stakeholders Interactive forum for 2019. The forum has as its theme: “Rules Compliance for…
Mr Sam Amadi, former Executive Chairman of the Nigerian Electricity Regulatory Commission (NERC) has called for strong regulations to drive the power sector for effective service delivery. Amadi spoke on Wednesday in Abuja at the 3rd quarter Participants and Stakeholders Interactive forum for 2019. The forum has as its theme “Rules Compliance for Nigerian Electricity Market…
The National Bureau of Statistics (NBS), says the average price per litre paid by consumers for National Household Kerosene decreased to N316.03 in July from N316.43 in June. The bureau said this in its “National Household Kerosene Price Watch (July 2019)’’ obtained from its website on Tuesday in Abuja. The NBS said the price of…
The National Bureau of Statistics (NBS), says Kwara residents paid the highest amount for Premium Motor Spirit (PMS) popularly referred to as petrol in July 2019. The NBS said this in its “Premium Motor Spirit (Petrol) Price Watch for July 2019’’ posted on its website on Tuesday in Abuja. According to NBS, residents of Kwara…
The National Bureau of Statistics (NBS), says the average price for the refilling of a five kilogramme (kg) cylinder Cooking Gas increased to N2,024.80 in July from N1,995.38 in June. The bureau said this in its “Liquefied Petroleum Gas (Cooking Gas) Price Watch’’ for July obtained from its website on Tuesday in Abuja. The NBS…
Mr Aminu Umar, the President of Nigerian Ship Owners Association (NISA), has identified poor access to funding as a major challenge facing ship owners in the country. Umar made this observation during an interview in Lagos on Tuesday. According to him, the major challenge of ship owners in Nigeria is having access to long-term loans….
Relief may soon come the way of residents of Ijegun-Egba Community area of Lagos, host to several tank farms, as the operators say they are working toward ensuring continuous safety of lives and property in the area. The deport owners made the disclosure on Tuesday at a stakeholders and engagement meeting in Lagos. The meeting…
The Nigerian Independent Petroleum Company (NIPCO) has commended the efforts of Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) at deepening usage of gas as preferred cooking fuel amongst the populace. The NIPCO Managing Director, Mr Sanjay Teotia, said on Monday in Lagos that the sensitisation programme was very apt. Teotia, who spoke at the…