Owing to the lingering load rejection by the electricity distributors, Nigeria’s power sector has suffered about N20.5bn revenue loss between January 1 and 22, 2021.
According to the data made available by the Federal Ministry of Power…
The Senate committee on Public Accounts said it is set to probe the alleged mismanagement of N50 billion realised from the sale of Egbin, Omotosho and Olorunsogo power plants in 2013 by the Nigeria Bulk Electricity Trading Plc (NBET).
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The Transmission Company of Nigeria has said that the impact of about N1.5tn intervention of the Federal Government in the power sector is yet to reflect in the industry’s current performance.
The intervention it was noted was aimed at…
The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mele Kyari has has mourned the death of the pioneer Managing Director of the Corporation, Festus Remi Ayodele Marinho.
In a statement on Tuesday, the…
The price of OPEC basket of thirteen crudes stood at $55.75 a barrel on Wednesday, compared with $54.85 the previous day, according to OPEC Secretariat calculations.
The OPEC Reference Basket of Crudes (ORB) is made up of the following:…
The baton of office was exchanged yesterday at the White House in Washington DC as Donald Trump surrendered to the constitutional mandate of the US on Wednesday, thus leaving the White House as the 45th President of America.Donald Trump’s…
This is democracy’s day.
A day of history and hope.
Of renewal and resolve.
Through a crucible for the ages America has been tested anew and America has risen to the challenge.
Today, we celebrate the…
The Federal Government has set up plans to expand access to Liquefied Petroleum Gas (LPG), also known as cooking gas to rural dwellers, the Group Managing Director, Nigerian National Petroleum Corporation, Mr Mele Kyari has said.
Kyari…
The Petroleum Products Pricing Regulatory Agency on Tuesday announced that the consumption of Liquefied Petroleum Gas in Nigeria, popularly called cooking gas, exceeded one million metric tonnes in 2020.
The PPPRA disclosed this on…
Chevron Nigeria Limited (“CNL”), operator of the joint venture between the Nigerian National Petroleum Corporation (NNPC) and CNL has refute media reports suggesting that an oil leakage came from its Funiwa field in Bayelsa State.
The…
