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.
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.
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).
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.
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.
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.
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.
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.
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.
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.
Recent Stories
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: 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.
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 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.
Most Popular
Coronavirus: Lagos club boss begs governor, others over closure
The management of Club VICTORIA in Lagos has appealed to the Lagos State Government to kindly reconsider the closure of the facility following a violation of the COVID-19 protocols.
WAFU U-17: Adegboye Onigbinde blames Golden Eaglets’ defeat by Cote d’Ivoire on NFF
A former FIFA/CAF Instructor, Chief Adegboye Onigbinde, has identified lack of proper football development programme (FDP) as major factor hindering soccer development in the country.
Coronavirus: Assemblyman urges colleagues to embark on aggressive sensitisation
A member of Oyo State House of Assembly, Mr Olasunkanmi Babalola, on Wednesday, urged lawmakers across the country to embark on aggressive sensitisation on COVID-19 in their respective constituencies.
2023: Igbo president‘ll ensure post civil war full integration – aspirant
A presidential aspirant for 2023 general election and former Chief Judge of Anambra State, Professor Peter Umeadi has argued that electing an Igbo as president of Nigeria in 2023 would ensure full integration of all sections of the country, which is being clamoured for since the end of the Nigeria civil war 51 years ago.
Kano council election peaceful – deputy governor
Kano State Deputy Governor Dr Nasiru Yusuf Gawuna has described the conduct of the local governments election exercise in the state as peaceful.