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Tinubu, Mbasogo sign agreement on Gulf of Guinea gas pipeline
President Bola Tinubu and President Teodoro Mbasogo of Equatorial Guinea have signed an agreement on Gulf of Guinea Pipeline Project to further affirm the partnership between the two countries for mutual development. Chief Ajuri Ngelale, the Special Adviser to President Tinubu on Media and publicity
NNPC busts 63 illegal refineries in Niger Delta crackdown
The Nigerian National Petroleum Company (NNPC) has announced that it uncovered and confiscated products from 63 illegal refineries in the past week. In a documentary released on Wednesday, NNPC revealed that 19 illegal pipeline connections and 63 illegal refineries were discovered in the Niger Delta
Nigeria needs tax waiver, subsidies to transition to renewable energy
Nigeria has immense potential for renewable energy, but there are several hurdles to overcome. First, we need tomodernise and expand our electricity grid. The post Nigeria needs tax waiver, subsidies to transition to renewable energy
Refinersseek uniform gradeas Africas sulfur content spikes
African Refiners and Distributors Association (ARDA), yesterday, said the continent must urgentlyharmonise sulfur content in petroleum products as sulfuric content in premium motor spirit (PMS) and diesel peaks at 10,000 parts per million (ppm) as against 10 ppm in developed countries. The post Refi
We have not fixed petrol price- Dangote Refinery
Dangote Refinery has denied fixing petrol prices at N600 per litre, as claimed by marketers early on Tuesday, August 13, 2024. The company spokesperson, Anthony Chiejina, disclosed this in a statement on Tuesday evening. The Independent Petroleum Marketers Association of Nigeria (IPMAN) had claimed
FG remain committed to 6,000 megawatts target Adelabu
The federal government has restated its resolve to hit the target of 6000 megawatts of electricity by the end of 2024. The Minister of Power, Mr. Adebayo Adelabu, stated this while on a working tour of Calabar Generation Company, a subsidiary of Niger Delta Power Holding Company (NDPHC), yesterday i
Electricity tariff may spike over weak fiscal position,N2.1tr subsidy
Barring any last-minute intervention, Nigerians will, in two months, start paying the full cost of electricity as the Nigerian Electricity Regulatory Commission (NERC) seeks to eliminate the stabilisation role of the Federal Government to transition the sectors commercial framework to a bilateral mo
We cant sabotage Dangote refinery after investing billions in it, NNPCL says
The Nigerian National Petroleum Corporation (NNPC) Limited has reiterated that it is not involved in any sabotage of the Dangote Refinery, highlighting its substantial investment The post We cant sabotage Dangote refinery after investing billions in it, NNPCL says
Probe fuel subsidy scam, dirty oil importation, CNPP urges FG
Irked by the problems in the oil sector, the Conference of Nigeria Political Parties (CNPP) has urged the Federal Government to immediately initiate an investigation into the activities of the Nigerian National Petroleum Company Limited (NNPCL). The CNPP said that it is appalled by the recent contro