The NNPC also stated that its subsidiary company in charge of its downstream petroleum businesses, the Nigerian Products Marketing Company (NPMC), has increased the number of petrol trucks that leave its depots across the country with petrol to 1,300 per day.
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) on Wednesday assured motorists of regular supply of petroleum products to filling stations during the Yuletide and beyond.
Motorists and commuters in the ancient city of Kano are now experiencing untold hardship, following the acute fuel scarcity.
The World Bank has its renewed commitment to support the Federal Government’s Power Sector Recovery Programme (PSRP), with a proposed $1 billion Performance Based Loan (PBL).
Minister of Science and Technology, Dr Ogbonnaya Onu, has said that the Federal Government will give priority to renewable energy so as to improve the living standards of Nigerians.
While fuel scarcity seems to have eased in some cities across the country, fuel consumers in Abuja have decried the persistent long queues in the Federal Capital Territory, accusing the Nigerian National Petroleum Corporation (NNPC) of irrational distribution of products.
Concessionaire of Kainji and Jebba Hydro Electric plants, Mainstream Energy Solutions Limited (MESL), has injected a fresh $26 million (about N9.360 billion) into the Kainji Hydro Power Plant to rehabilitate its Hydro Turbine Generator unit 1 G 7.
Less than two weeks after OPEC’s decision to extend oil production cuts, Libya and Nigeria, are signaling their intent to raise output in 2018.
In a bold move to halt frequent scarcity of petroleum products in the country, the Independent Petroleum Marketers’ Association of Nigeria (IPMAN), may have concluded plans to establish its own refinery and oil tank field in the country.
Nigeria’s electricity generation has hit 7,000 megawatts, the highest in the history of Nigeria, but a large proportion of the generation is idle.
Addax Petroleum Development Limited, in collaboration with the Nigeria National Petroleum Corporation, NNPC, plans to investment about $3-5 billion to optimize its operations in Nigeria and increase production from its existing assets, both onshore and offshore, part of which includes its current drilling activities in the Njaba field in the oil mining lease, OML 124.
The Federal Government on Monday announced that when some power generation projects were completed by 2018,they could generate additional 1,129 Mega Watts to the current 7,000 Mega Watts in the country.
Addax Petroleum Development (Nigeria) Limited, which operates Production Sharing Contract (PSC) with the Nigerian National Petroleum Corporation (NNPC) PSC has produced 425 million barrels of crude oil and generated over $7 billion in revenue to the Nigerian government since 2009 when SINOPEC took over the company.
A witness invited by the petitioners before the Presidential Election Petition Tribunal (PEPT) has disagreed with the results of the last presidential election in Katsina State as claimed by the Peoples Democratic Party (PDP) and its candidate in the last presidential election, Atiku Abubakar.
Barcelona have agreed to sell left-back Marc Cucurella to Getafe just a day after they brought him back from Eibar.
The Kaduna State House of Assembly has began deliberations on the N81.68 billion supplementary budget forwarded to it by Gov. Nasiru El-Rufai.
The Nigerian Air Force (NAF) has appointed new Branch Chiefs, redeployed two Air Officers Commanding (AOCs) and other senior officers.
The Mexican drug kingpin Joaquin “El Chapo” Guzman has been sentenced to life behind bars in a U.S. prison, a humbling end for a drug lord once notorious for his ability to kill, bribe or tunnel his way out of trouble.
Sri Lankan President Maithripala Sirisena said that all suspects involved in the Easter Sunday terror explosions have been arrested.
The National Bureau of Statistics (NBS), has put the quantum of jobs created by Micro, Small and Medium Enterprises (MSMEs) at 59,647,954 jobs as of December 2017, stressing that five per cent or 2,889,715 of those jobs were created by Small and Medium Enterprises (SMEs).
An Ibadan-based trader, Mrs. Bushira Salawudeen, has prayed a Mapo Customary Court, to plead with her husband, Rafiu, to forgive her and stop the divorce proceedings.
Some football enthusiasts on Saturday said Nigeria has what it takes to beat the Desert Foxes of Algeria in the semifinals of the 2019 Africa Cup of Nations (AFCON) in Egypt.
The Organised Private Sector (OPS) said Nigeria had lost about N6 trillion across the different sectors due to the Apapa gridlock and called for urgent infrastructure development at the Lagos ports.