Concern as pump price of petrol races towards N1,405/litre
The NNPC Ltd has already indicated that it cannot continue to sustain fuel importation at rising cost while passing the cost to final consumers is proving a difficult decision.
Year: 2024
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Dangote petrol ready for sale
The refinery battled crude shortage and entered into a brawl with the Nigerian Midstream and Downstream Regulatory Authority, which accused the refinery of producing substandard diesel.
Power Minister decries rejection of power by Discos
The minister noted that this was due partly to the fragility of the transmission and distribution infrastructure which he said had become old and dilapidated, leading to the historical epileptic supply of power to households, industries and businesses.
EU importing more gas from Russia than from United States
However, across the EU, Russia has risen to second place in the list of suppliers, just ahead of the US. The destination countries were not clear from the data.
NNPC Ltd faces financial strain due to PMS supply costs, impacting supply sustainability
We are actively collaborating with relevant government agencies and other stakeholders to maintain a consistent supply of petroleum products nationwide.
NNPC to hand over Warri, Kaduna refineries to private operators
The NNPC, in a notice on its website, said this was to ensure reliability and sustainability to meet the nation’s fuel supply and energy security obligations.
Nigerian Govt vows to honour $5b African Energy Bank host country agreement
Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri has pledged that Nigeria would honour the host country agreement for the $5billion African Energy Bank. The African Petroleum Producers Organization (APPO) asked the federal government of Nigeria to honour the host countries’ agreement with the bank. Nigeria won the hosting right for the $5billion…
FG unveils integrated electricity policy
The event, according to the government, marks a critical juncture in the nation’s journey toward achieving a robust, sustainable, and inclusive power sector that meets the aspirations of all Nigerians.
FG, states raise N100bn for prepaid meter procurement
The mandate we have was to procure and install a minimum of two million meters on a yearly basis over the next five years.
Dangote Refinery awesome, mind-blowing, say engineers, as company prepares for PMS rollout
Margaret Oguntala described the facility as “mind-blowing”. She added that the refinery project from construction to employment, gives her hope and assurance that young Nigerian engineers are ready to take up the world.