Major oil marketers have warned that fuel scarcity may linger for a while as the federal government has not paid what it…
Oil and Gas
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The Federal Government, yesterday, cut down the importation of premium motor spirit, also called petrol, by 50 per cent for the period…
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In its determination to deepen the development of the renewable energy, the African Development Bank, AFDB, has offered to provide a support…
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Federal government of Nigeria has reduced electricity tariff by over 50% with just days to the presidential elections, which is expected to…
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The Republic of Cote D’ Ivoire has signaled its intention to procure Liquefied Natural Gas (LNG) supplies from Nigeria in support of…
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PIB: Senate committee proposes privatisation of refineries in two years
The Senate Joint Committee on the Petroleum Industry Bill, PIB, yesterday, disclosed that it has finished working on the Bill and is…
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Indigenous consortium to build two separate 1000MW plants in Nigeria …Plans to train and engage 74,000 youths
A consortium led by FirstGate Group has signed a Memorandum of Understanding, MoU, with the Federal Government to build two separate 1,000MW…
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Seplat Petroleum Development Company Plc, Thursday, said it has acquired Chevron Nigeria Limited’s 40 per cent stake in Oil Mining Lease 53…
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Forensic audit indicts NNPC, NPDC for non-remittance of $1.48bn
The Nigerian National Petroleum Corporation, NNPC, and the Nigerian Petroleum Development Company, NPDC, have been indicted by the PriceWaterHouse Coopers’ (PWC) forensic…
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Oil prices fell on Wednesday after a new build in U.S. crude stock levels put a global glut back in focus. U.S.…
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Diesel price cannot be reduced under current exchange rate — MOMAN
The Major Oil Marketers Association of Nigeria (MOMAN) on Friday said that the pump price of diesel can not be reduced, until…
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Nigeria’s electricity generation capacity yesterday hit 4,132.7 megawatts (MW) from about 3,300mw recorded last week. The increase can be attributed to the…
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Nigeria has announced plans to build modular refineries with capacity of between 20,000 to 25,000 barrels per day to boost domestic fuel…
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Power supply in Nigeria is set to increase significantly, as the Nigerian National Petroleum Corporation said that the Trans Forcados oil pipeline…
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Director, Advisory, Oil and Gas, Price Water House Ltd. Mr Ritch Wingo said oil companies may lay off workers due to the…