Energy

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.

NLPGA urges members to ignore PPPRA on administrative levy

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.

Kano Disco move to end prepaid metre complaints in Kano

The Kano Electricity Distribution Company (KEDCO) says it has adopted proactive measures to end prepaid meter complaints in its franchise.
The Egyptian Ministry of Petroleum and Mineral Resources announced on Thursday a new oil discovery in the shallow waters of Geisum concession south of the Gulf of Suez, with an initial production rate of 2,000 barrels of crude oil per day.

Oil moves higher as storm threatens United States Gulf Coast

Oil prices rose on Monday as a tropical storm in the Gulf of Mexico prompted drillers to evacuate rigs and shut-in production.
File photo- Construction work at the Dangote refinery and fertiliser site in Lekki Lagos. Company complying with Local Content Act

Dangote refinery will sell petrol at international price – minister

The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said when Dangote Refinery kicks off next year, it may not significantly reduce the price of petrol because the refinery will be selling at the international price.
Workers are seen underground South Africa's Gold Fields South Deep mine in Westonaria, 45 kilometres south-west of Johannesburg, South Africa, March 9, 2017. REUTERS-Siphiwe Sibeko-File Photo

World’s gold miners wary of production ramp-up despite price surge

The world’s top gold miners are retrenching after COVID-19 related shutdowns despite record prices for the yellow metal, with cost-conscious executives prioritizing investor returns over production growth.

Tanzania, Uganda ink deal on $3.5 billion oil pipeline project

Tanzania and Uganda signed an agreement Sunday to commence construction on a 1,445-kilometre (900 mile) oil pipeline through East Africa that conservation groups say threatens livelihoods and fragile ecosystems.
Nigerian National Petroleum Corporation (NNPC)

NNPC to setup CNG refilling plants nationwide

The CNG (methane stored at high pressure) is a fuel that can be used in place of gasoline, diesel fuel and liquefied petroleum gas (LPG) and its combustion produces fewer undesirable gases than the aforementioned fuels.
Sen. George Akume, Minister of Special Duties and Intergovernmental Affairs made the call at the formal inaugural ceremony of eight members of the Governing Board of the NNMA on Friday in Abuja.

Fuel subsidy removal: Nigerian government to distribute 2, 000 buses to mitigate effects on...

The Federal Government has concluded plans to distribute 2, 000 buses to cushion the effects of transportation on Nigerians, especially those living in rural dwellers.
Benin Electricity Distribution Plc. (BEDC)

Benin Disco allays fears on new electricity tariff system

The Managing Director/Chief Executive Officer, Benin Electricity Distribution Company (BEDC), Mrs Funke Osibodu, yesterday, allayed fears of customers in the franchise states over the new Service-Based Tariff, (SBT), saying that they will now pay appropriate rates for services rendered based on its availability.
The Department of Petroleum Resources (DPR), Osogbo field Office, has sealed 15 Liquefied Petroleum Gas (LPG) skid stations for operating without valid licences.

DPR seals four filling station for irregular operating license in Anambra

The Department of Petroleum Resources (DPR) has sealed off four filling stations in Anambra for conducting their businesses without up-to-date operating licenses.
A gas station attendant pumps fuel into a customer's car at the NNPC Mega petrol station in Abuja, Nigeria March 19, 2020. REUTERS-Afolabi Sotunde

Economist: Nigeria’s petroleum subsidy removal will unlock country’s economic prospects

An economist, Mr Okechukwu Unegbu, says the Federal Government’s removal of petroleum subsidy will unlock the country’s economic prospect.

Manufacturers urges Nigerian government to review levies on imported electricity meters

The Electricity Meter Manufacturers Association of Nigeria (EMMAN) has appealed to the Federal Government to review its levies on imported electricity meters to promote full local content in the production of pre-paid meters.
The Petroleum Products Pricing Regulatory Agency (PPPRA) is set to commence a comprehensive audit and survey of downstream oil and gas logistic facilities, with a view to identifying the infrastructure gap in the sector

PPPRA: Forex, uncertainty responsible for lack of fuel import by marketers

The Petroleum Products Pricing Regulatory Agency, PPPRA, blamed foreign exchange challenges and prevailing uncertainty for the inability of oil marketers to resume fuel import.
The Minister of Power, Mr. Sale Mamman, who disclosed this in series of tweets via his official Twitter handle, explained that the Siemens deal would expand Nigeria’s power grid capacity to 25,000 megawatts.

Nigerian government justifies choice of Siemens for power grid expansion

The federal government yesterday defended the choice of German firm, Siemens AG, for its 25,000 megawatts grid expansion, saying the German firm was chosen to expand Nigeria’s power grid because the company was best qualified to rehabilitate the dilapidated electricity infrastructure in Nigeria.
Governor David Nweze Umahi

Ebonyi seeks NDPHC’s collaboration on power supply

The Ebonyi state government says it is seeking the collaboration of the Niger Delta Power Holding Company Limited (NDPHC) in the area of power project delivery to enhance the industrialization drive.
Nigerian President Muhammadu Buhari3

President Buhari: Deregulation will bring down price of petrol

Though the deregulation of petrol is causing hardship across the polity, the initial pain will eventually give way to greater benefits among which include a significant reduction in the price and availability of the product at all times, according to Nigerian President, Muhammadu Buhari.
Nigerian National Petroleum Corporation (NNPC)

NNPC: AKK gas pipeline project contract not inflated

The Nigerian National Petroleum Corporation (NNPC) said the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline Project was not inflated to the tune of 1.527 billion dollars, as alleged in an online media outfit.

Petrol price in Nigeria one of the cheapest in Africa – ministers

Mohammed was joined at the briefing by the Minister of Power, Sale Mamman, and the Minister of State for Petroleum Resources, Timipre Sylva.

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