Long queues have resurfaced in Abuja filling states as motorists struggle to purchase Premium Motor Spirit, also known as petrol. The News Agency of Nigeria (NAN) reports that most fuel stations were locked while long queues were noticed in retail outlets in Wuse, Gwarimpa, Wuye and Kubwa expressway on Sunday. A private car owner, Mr […]

By Obas Esiedesa Revenue from gas feedstock sales to Nigeria LNG Limited rose marginally by 0.12 per cent in the first eight months of 2021 to $486.77 million compared to $486.17 million recorded over the same period last year. Latest reports by the Nigerian National Petroleum Corporation, NNPC, showed that feedstock sales to NLNG in […]

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has constituted a taskforce to check hoarding of products by fuel station operators. The Chairman of IPMAN, Kano Zone, Alhaji Bashir Danmallam, made the disclosure on Monday in Kano in a statement issued to newsmen. He said that the task force would work in collaboration with the […]

The Nigerian National Petroleum Corporation (NNPC) has advised the public not to engage in panic buying of Premium Motor Spirit, commonly known as petrol. The NNPC said it was also not aware of any plan by government to cause an increase in the pump price of petroleum. A statement on Monday by Garba Muhammad, Group […]

By Obas Esiedesa – Abuja The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDRA) on Friday disclosed that there is no imminent plan by the Federal Government to raise the pump price of premium motor spirit (petrol). The Chief Executive Officer of the Authority, Engr. Farouk Ahmed in a statement in Abuja cautioned oil marketers […]

By Prince Okafor With the increasing demand for natural gas in the country, the Nigerian National Petroleum Corporation, NNPC, has projected that the nation’s demands of the product would rise to 23 billion cubic feet per day. This projection was made by the NNPC’s Group Managing Director, Mele Kyari, at the just concluded 15th Oil […]

The Senate Committee on Solid Minerals, Mine, Steel Development and Metallurgy has decried the alleged neglect of Ajaokuta Iron and Steel Project by non-provision of required budgetary votes on yearly basis. Chairman of the committee,  Sen. Tanko Al- Makura, made this known during the budget defence for Ministries Departments and Agencies (MDAs) on Monday in […]

By Obas Esiedesa – Abuja Ongoing repairs and upgrades in transmission facilities by the Transmission Company of Nigeria (TCN) in Lagos and Abuja have left thousands of households and businesses with limited electricity supply. TCN in a statement by its General Manager, Public Affairs, Ndidi Mbah at the weekend explained that the ongoing work in […]

By Obas Esiedesa – Abuja Energy experts have disclosed that Nigeria and other African countries can save as much as $774 billion by promoting the adoption of Liquefied Petroleum Gas (LPG) as a cleaner cooking fuel alternative. They stated that the amount could be achieved if 50 per cent of Africans adopted the use of […]

By Prince Okafor Prices of Liquefied Petroleum Gas, LPG, also known as cooking gas across Nigeria continued on the upward trend, despite significant increase in local production of the product. The product local production according to the Petroleum Products Pricing Regulatory Agency (PPPRA) report on LPG supplied in September 2021, released yesterday, increased to 49,453.081 […]