Though the oil market witnessed significant surplus in the first half of 2019, much larger than previously expected, supplies are set to tighten in the second half of the year, but that may only be a hiatus before the glut returns, the International Energy Agency’s latest Oil Market Report has shown. According to the IEA…
THE National Bureau of Statistics (NBS), says the average price per litre paid by consumers for National Household Kerosene increased to N316.43 in June 2019 from N315.91 in May 2019. The bureau said this in its “National Household Kerosene Price Watch (June 2019)’’ obtained from its website in Abuja. The NBS said the price of…
THE Department of Petroleum Resources (DPR) has sealed three petrol service stations for under dispensing their products to customers in Gombe metropolis. Mr Benard Amos, Head of Operations, Gombe field office, stated this while briefing newsmen on Tuesday in Gombe. He said they had embarked on surveillance to ensure that filling stations abided by the rules and regulations….
The Nigerian Communications Commission (NCC) said it remitted N51.3 billion to the Federal Government’s Consolidated Revenue Fund (CRF) in the first quarter of 2019, as active mobile lines networks hit over 173.6 million. The commission made this disclosure in a statement signed by its Director, public affairs, Mr Henry Nkemadu, on Monday in Abuja. Nkemadu…
Eyitope Ogunbodede, the vice-chancellor of Obafemi Awolowo University (OAU), Ile-Ife, Osun state, says the institution will exit the national grid by October to generate its own electricity. Speaking on Monday at a biennial conference of the African Institute for Science Policy and Innovation (AISPI), Ogunbodede said the Rural Electrification Agency (REA) has provided the university…
Some residents of Ijegun, Lagos State, which recently suffered an oil pipeline explosion, have called for regular security patrol, establishment of a fire service station and rebuilding of a canal in the area. The residents spoke in interviews that following a recent attempt by vandals to open another pipeline near a market in the community….
The Nigerian Electricity Regulatory Commission (NERC) on Monday, proposed three ways to improve power supply and reduce power outages in the country. The Vice Chairman of the Commission, Engr. Sanusi Garba, stated this during a public consultation programme with Electricity consumers in Kaduna State. The theme of the event is: “Capping of Estimated Billing, Distribution…
Pioneer students of The Shell Petroleum Development Company of Nigeria Limited (SPDC JV)-sponsored Centre of Excellence in Marine and Offshore Engineering at the Rivers State University (RSU CoE), Port Harcourt, have commenced the mandatory six months Research Internship with Shell Nigeria Exploration and Production Company (SNEPCo) in Lagos. The Research Internship is a key requirement…
L-R: Mbazu Chinonso, Ozuzu Adaeze, and Nwachukwu Ugochukwu from Ebonyi, Imo and Abia States respectively after winning the South-East Zone of the NNPC Annual National Science Quiz Competition last week. THE zonal stage of the NNPC Annual National Science Quiz Competition for 2019 has rounded off with Ogun State emerging tops in the score chart….
TOTAL Upstream Ltd in partnership with the Nigerian National Petroleum Corporation (NNPC) on Tuesday inaugurated 10 projects worth one billion naira under its Corporate Social Responsibility in eight northern states. Dr Ahmadu-Kida Musa, Deputy Managing Director, Deepwaters, Total upstream companies in Nigeria, disclosed this at the inauguration and handing over of the projects to representatives…