Energy

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2024 bid round: NUPRC offers 12 oil blocks to investors

2024 bid round: NUPRC offers 12 oil blocks to investors

Nigerian UpstreamPetroleum Regulatory Commission, NUPRC, yesterday, disclosed that it has commenced the process for the 2024 oil bid round with 12 oil blocks on offer and seven deep offshore blocks from last year’s bid round.

Energy crisis: More problems for households, others as cooking gas price surges

Energy crisis: More problems for households, others as cooking gas price surges

HE price of Liquefied Petroleum Gas, LPG, otherwise known as cooking gas has risen to N14,150 for 12.5kg cyclinder, about 38 per cent Year-on-Year, YoY, against N10, 323.33 it sold in April 2023 last year.

This is even as the price of aviation fuel also rose to between N1, 300 and N1, 500 per litre in the domestic market, from about N1, 000 during the period, indicating an increase of 33 per cent.

Tariff Hike: NSE seeks stiff sanctions for defaulting DISCOs

Tariff Hike: NSE seeks stiff sanctions for defaulting DISCOs

In wake of the recent hike in electricity tariff for customers in Band A, the Nigerian Society of Engineers, NSE, has called for stiff sanctions on electricity distribution companies, DisCos, which fail to meet the minimum 20 hours of supply to the customers.