FOLLOWING Federal Government’s New Year ‘gift’ through the Nigerian Electricity Regulatory Commission, NERC, of 50 percent hike in electricity tariff effective from January 1, 2021, Civil Society Organisations, CSOs, Tuesday, condemned and rejected the increase in all ramifications.

The management of the Nigerian Electricity Regulatory Commission (NERC) says there is no 50 per cent increase in electricity tariff.

By Godfrey Bivbere Residents of Satellite town and its environs have called for a forensic audit of the N715.5 million Corporate Social Responsibility, CSR projects by operators of tank farms. According to them, the audit of the alleged expenditure became necessary to ascertain if such amount was committed into CSR projects in the area. It […]

By Udeme Akpan Consumers of the Liquefied Petroleum Gas, LPG, would have more domestic supply, as the Nigeria LNG Limited, has started the supply of 450,000 metric tonnes, MT in 2021. A company source, who confirmed the development, said the product would be delivered to designated destinations, including Lagos. Earlier, Managing Director, NLNG Limited, Mr […]

By Udeme Akpan THE average price of Bonny Light, Nigeria’s premium oil grade, has dropped by 34.8 percent to $42.9 per barrel in the past 11 months of 2020, due mainly to the prolonged Coronavirus pandemic, drop in economic activities and oil demand. The data obtained from the Organisation of Petroleum Exporting Countries, OPEC reports, […]