Dangote Refinery Directly Supplies Petrol to Marketers The Dangote Petroleum Refinery has commenced direct supply of Premium Motor Spirit (PMS), commonly known as petrol, to oil marketers in Nigeria. This move is expected to further enhance fuel supply and stability in the country. While the refinery is ramping up production, several oil marketers have also…
Gas-Driven Industrialization to Create Millions of Jobs, Boost SMEs Growth—Ubong The Coordinator of the Decade of Gas Initiative, Ed Ubong, has emphasized the potential of a gas-driven economy to transform Nigeria’s industrial landscape, creating millions of jobs and supporting the growth of small and medium-sized enterprises (SMEs). Speaking during the second panel at the 2024…
FG Moves to Slash LPG Prices, Halts Exportation In a bid to curb the rising cost of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, the Federal Government has announced new measures aimed at stabilizing prices and ensuring domestic supply. The Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, voiced his…
NESG: Mrs. Bukola Adubi Advocates for Nigeria to Tap into Economic Potential for Industrial Growth Abuja, Nigeria – At the 30th Nigerian Economic Summit, Mrs. Bukola Adubi, CEO of MicCom Cables and Wires, called on Nigeria to harness its vast economic potential to fuel industrial growth and transformation. Speaking at the event themed “Collaborative Action…
Cooking Gas Prices Surge by 76.41% in One Year The average price for refilling a 12.5kg cylinder of Liquefied Petroleum Gas (LPG), or cooking gas, has increased by 76.41%, rising from N9,247.40 in September 2023 to N16,313.43 in September 2024, according to the National Bureau of Statistics (NBS). On a monthly basis, the price climbed…
IPPG Calls for Urgent Action as Crude Oil Production Falls Short The Independent Petroleum Producers Group (IPPG) has highlighted the challenges facing Nigeria’s oil sector, including the low crude oil production level of 1.4 million barrels per day, which it describes as insufficient to meet the nation’s energy needs. The commendation of the Nigerian Upstream…
NERC Schedules October 24 Public Hearing on Grid Collapse Issues The Nigerian Electricity Regulatory Commission (NERC) has announced an investigative public hearing on October 24 to address frequent grid collapses affecting the country. According to a notice on its X handle (formerly Twitter), the hearing will take place at NERC’s Hearing Room, Fourth Floor, Plot…
Dangote Denies Filing New Lawsuits Against NNPC and Others The Dangote Group has clarified that it has not initiated any new legal actions against the Nigerian National Petroleum Corporation Limited (NNPC) and other entities. This statement came in response to reports suggesting that Dangote had taken NNPC, Matrix Petroleum Services Limited, A.A. Rano Limited, and…
NEPL/Seplat JV Drives Educational Development in Communities through SEED Initiative The NNPC Exploration and Production Limited (NEPL) and Seplat Energy Joint Venture (JV) have once again reinforced their dedication to advancing education and promoting excellence in its host communities through their flagship initiative, the Seplat Educational Empowerment Drive (SEED). The initiative, focused on driving meaningful…
Dangote Refinery Sues to Block NNPCL’s Fuel Imports, Demands N100 Billion in Shocking Legal Showdown! Dangote Refinery has filed a lawsuit at the Federal High Court in Abuja, seeking the annulment of import licenses issued to the Nigerian National Petroleum Corporation Limited (NNPCL), Matrix Petroleum Services Limited, A.A. Rano, and four other companies. The…