Petrol price may rise to N340 per litre as FG insists on fuel subsidy removal
The Nigerian National Petroleum Company (NNPC) has hinted that a litre of fuel may sell between N320 and N340 in…
FG can’t regulate rising cooking gas price, says Sylva
The Federal Government has said it has no direct control over the rising prices of Liquefied Petroleum Gas, popularly called…
NCDMB seeks more research in alternative energy
The Nigerian Content Development and Monitoring Board NCDMB) has called on the government to invest in research and, stating that…
A.B.C Orjiako Step Down as Chairman of Seplat Energy
Mr. A.B.C Orjiako has informed Seplat Energy Plc of his decision to step down as Chairman and from the company…
Fuel Crisis Looms as Marketers Predict N170/litre, Claim Supply Drop
There are indications that fuel scarcity looms as the pump price of Premium Motor Spirit, popularly called petrol, may rise…
NNPC signs $1.04 billion mega financing deal with Afreximbank
The Nigerian National Petroleum Corporation (NNPC) yesterday signed a five-year agreement worth $1.04 billion with the African Export–Import Bank (Afreximbank),…
Panelists Highlights Nigeria Huge Energy Potential at Oil and Gas Meet
With over 36 billion barrels of oil and 200 trillion cubic feet of natural gas, Nigeria has emerged as one…
OPEC revises 2021 global oil demand to 5.7 mb/d
The Organisation of the Petroleum Exporting Countries (OPEC) has revised the 2021 world oil demand forecast downward to 5.7 million…
Nigeria now earns more from non-oil revenues – Osinbajo
Vice President Yemi Osinbajo says revenue recently flowing into the nation’s treasury are majorly from non oil and gas exports.…
Nigerians Groan as Cooking Gas Price Jumps by 240%
Importers of Liquefied Petroleum Gas, popularly called cooking gas, have stopped importing the commodity. Investigations also show that the cost…