Heirs Energies, Renaissance Africa collaborate to drive Nigeria’s oil and gas devt
Heirs Energies Limited and Renaissance Africa Energy Company have expressed mutual commitment to strategic collaboration following a high-level courtesy visit by Osa Igiehon, CEO of Heirs Energies, to Renaissance's leadership team, led by the Managing Director, Tony Attah.
Energy crisis: Confusion over deregulation as oil marketers sell above N165 per litre
Despite the regulation of the nation’s downstream sector, oil marketers, yesterday, continued to sell petrol at different prices, due to the high price of diesel.
GENCOs: FG remittance dips 45.26% to N146.5bn in 4 months
•As DISCOs inefficiency threatens sector devt By Ediri Ejoh REMITTANCE of Nigerian Bulk Electricity Trading PLC, NBET, to the Generation Companies of Nigeria, GENCOs, has declined by over 45 per cent to N146.5 billion between January and April 2022, from N267.6 billion in the corresponding period of 2021, according to the latest report from the […]
ENERGY CRISIS: NLNG, NGA, others lament oil theft, as price of LPG rises further
By Udeme Akpan THE Managing Director/CEO, Nigeria LNG Limited, Dr. Philip Mshelbila has cautioned against pipeline vandalism, oil theft, illegal refining and illegal bunkering as the energy crisis worsens in Nigeria. Speaking as a panelist at the just-concluded Nigeria Oil and Gas, NOG, Local Content Conference 2022, in Abuja, Mshelbila, said: “We have people who […]
Your performance was abysmal, BPE lashes at sacked DisCos’ owners
The Bureau of Public Enterprises (BPE) yesterday justified the decision to restructure the ownership of four electricity distribution companies, DisCos, saying the performance of the sacked owners was abysmal.
Why monthly fuel subsidy cost shot up by 989% in 7yrs
As Nigerians continue to groan nder the severe impact of the lingering fuel scarcity, amid raging controversy over huge subsidy costs, investigations revealed a combination of higher oil prices, skyrocketing logistics costs and corruption led to a gargantuan 989 per cent increase in the average monthly fuel subsidy cost in seven years.
