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Lekoil Nigeria Limited, the oil and gas exploration and production company and affiliate of Lekoil Limited Cayman, has announced the appointment of Mrs. Aisha Muhammed-Oyebode as Chairman of the Board.

Lekoil appoints Aisha Muhammed-Oyebode as board chairman

Lekoil Nigeria Limited, the oil and gas exploration and production company and affiliate of Lekoil Limited Cayman, has announced the appointment of Mrs. Aisha Muhammed-Oyebode as Chairman of the Board.
FILE PHOTO - Pump jacks operate at sunset in an oil field in Midland, Texas U.S. August 22, 2018. REUTERS-Nick Oxford-File Photo

Oil gains on stimulus optimism ahead of Joe Biden inauguration

Oil prices climbed with U.S. stock markets on Tuesday ahead of Joe Biden’s inauguration as U.S. president on optimism that more government stimulus will eventually lift global economic growth.
Nigeria Liquefied Petroleum Gas Association, NLPGA, has kicked against moves by the Petroleum Products Pricing Regulatory Agency, PPPRA, to impose administrative levy, despite the deregulation of the LPG sector.

PPPRA: Nigeria’s cooking gas consumption hits one million tonnes

The Petroleum Products Pricing Regulatory Agency (PPPRA) says Nigeria’s domestic consumption of Liquefied Petroleum Gas (LPG), popularly known as cooking gas, has exceeded one million Metric Tonnes (MT) in 2020.

NBS: Average price per litre of kerosene dips slightly in December

The average price per litre paid by consumers for National Household Kerosene decreased slightly to N352.79 in December 2020 from N353.38 in November, according to the National Bureau of Statistics (NBS).
FILE PHOTO - A view shows the Khor Al Zubair Port near Basra, Iraq, January 12, 2021. REUTERS-Mohammed Aty

IEA: Resurgence in coronavirus cases slows oil demand rebound

Oil demand recovery will take a hit from a spike in new coronavirus cases before vaccine roll-outs and stimulus measures help in the second half of the year, International Energy Agency (IEA) said on Tuesday.

Seven arrested for ‘cloning’ electricity pre-paid metres

The Northwest zonal office of the Special Investigation and Prosecution Taskforce on Electricity Offences have announced the arrest of seven suspects in connection with pre-paid metre cloning, theft, metre vandalism and other related offences in Kaduna State and its environs.
FILE PHOTO - Oil pours out of a spout from Edwin Drake's original 1859 well that launched the modern petroleum industry at the Drake Well Museum and Park in Titusville, Pennsylvania U.S., October 5, 2017. REUTERS-Brendan McDermid

Oil prices rise as optimism over economy outweighs fuel demand concerns

Oil prices climbed on Tuesday as optimism that government stimulus will buoy global economic growth and oil demand trumped concerns that renewed COVID-19 pandemic lockdowns globally could cool fuel consumption.

Bayelsa community, Chevron disagree over source of Funiwa oil spill

Chevron Nigeria Limited (CNL) and the communities impacted by the crude oil spill from Funiwa oil fields in Koluama in Southern Ijaw Local Government Area of Bayelsa State have been sharply divided over where the crude oil leakage noticed over the weekend was coming from.
Nigeria's national electricity grid collapsed on Sunday, the Transmission Company of Nigeria (TCN) said in a statement. Power outages in Nigeria, the most populous nation in Africa, are common, but a system collapse is unusual.

Century Power boss: Increased electricity tariff tough for consumers to pay

Chief Executive Officer of Century Power Generation Limited, Dr Chukwueloka Umeh, says that the Nigerian Electricity Regulatory Commission, NERC’s, failure to increase electricity tariff in smaller, steady steps from 2015, as stipulated in the Multi-Year Tariff Order, MYTO, has made the almost 100 per cent increase for some consumers very discomforting, especially at this time of unprecedented economic hardship.
FILE PHOTO - Oil pump jacks work at sunset near Midland, Texas, U.S., August 21, 2019. REUTERS-Jessica Lutz-File Photo

Nigeria’s oil capacity to rise by 3,500 bpd

Nigeria’s oil production capacity is set to increase by additional 3,500 barrels per day, bpd, following the expected coming on stream of Ata Field in the Second Quarter (April-June) of 2021.

Chevron: Bayelsa oil spillage not from our facilities

Chevron Nigeria Limited (CNL) has disagreed with members of its host communities in Bayelsa on leakages reported at Funiwa Oil Fields operated by the oil firm off Bayelsa Coast.
FILE PHOTO - Oil pump jacks work at sunset near Midland, Texas, U.S., August 21, 2019. REUTERS-Jessica Lutz-File Photo

Oil falls on coronavirus fears, strong dollar

Oil prices fell on Monday as a stronger dollar, fears over soaring COVID-19 cases around the world and the slow pace of vaccination against the virus outweighed a better-than-expected quarterly rebound for China’s economy.

NNPC records $120.49 million crude oil receipt in September 2020

The Nigerian National Petroleum Corporation (NNPC) has announced a total export receipt for crude oil and gas valued at $120.49 million for the month of September 2020.

NBS: Abia residents paid highest for petrol in December

Premium motor spirit (petrol) was most expensive in Abia in December 2020, a report released by the National Bureau of Statistics (NBS) has shown.
Marketers of cooking gas on Wednesday blamed its increasing prices on massive importation, causing anguish to end users.

NBS: Price of cooking gas increased in December

The National Bureau of Statistics (NBS) on Saturday said the average price for refilling five kilogrammes cylinder of cooking gas increased to N1,949.75 in December 2020 from N1,947.47 in November.

Africa Oil and Power appoints conference director

Africa Oil and Power (AOP), the continent’s leading investment platform for the energy sector has appointed Olatorera (Tori) Abiola as International Conference Director.

Kano Disco to engage 200 communities to boost revenue collection

Kano Electricity Distribution Company (KEDCO) is set to engage over 200 communities in its effort to boost revenue collection and improve service delivery.
Heirs Holdings, in partnership with Transnational Corporation of Nigeria Plc, on Friday announced the “unconditional acquisition” of a 45 percent participating interest in OML 17 through TNOG Oil and Gas Limited, their associated company.

TNOG acquires 45% of OML 17 from Shell, Total, ENI

Heirs Holdings, in partnership with Transnational Corporation of Nigeria Plc, on Friday announced the “unconditional acquisition” of a 45 percent participating interest in OML 17 through TNOG Oil and Gas Limited, their associated company.

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PHED: Distribution of 77,000 prepayment meters ongoing in four states

No fewer than 77,000 prepayment meters are currently being distributed to customers in four states, the Port Harcourt Electricity Distribution Company (PHED) has said .
Ghana President Nana Akufo-Addo attends the fifty-sixth ordinary session of the Economic Community of West African States in Abuja on December 21, 2019. Kola Sulaimon-AFP

Ghana president: No deputy regional ministers in my second government

President Nana Addo Dankwa Akufo-Addo has decided that there will be no Deputy Regional Ministers, a statement signed on his behalf by the Acting Director of Communications at the Presidency Mr Eugene Arhin, has said on Thursday January 21.

Nigerians advised to take yellow fever vaccines to prevent death

A medical practitioner, Dr Arinzechukwu Ogbu, told Nigerians on Thursday to vaccinate themselves against yellow fever, to stay alive.
The Corps Marshal, Federal Road Safety Corps, Dr Boboye Oyeyemi has tasked Commanding Officers to brace up, be more proactive and ensure immediate deployment of personnel for aggressive sensitization of the motoring public on the need to observe maximum safety precautionary measures in the face of the recent threat of the second wave of COVID-19 in Nigeria.

FRSC boss insists on compulsory use of speed limit device

The Corps Marshal, Federal Road Safety Corps (FRSC), Dr Boboye Oyeyemi has said that all stakeholders must ensure compulsory installation of speed limiting device in their vehicles to curtail incidences of speed related crashes.
President Muhammadu Buhari is currently presiding over the first Federal Executive Council, FEC, meeting for the year 2021 at the Council Chamber, Presidential Villa, Abuja.

President Buhari directs strict compliance with payment of taxes by foreign, local companies

President Muhammadu Buhari on Thursday directed the Federal Inland Revenue Services (FIRS) and related government agencies to plug all revenue leakages by ensuring strict compliance of tax payments by foreign companies operating in Nigeria, urging the deployment of more digital platforms and seamless connections.