Nigeria Produced 236m Barrels of Crude in Six Months – NUPRC. Data obtained from the Nigerian Upstream Petroleum Regulatory Commission confirmed that 44.2 million barrels of crude were produced in January, while the country pumped 38.3 million barrels of oil in February. Similarly, 38.1 million barrels were produced in March, and the monthly production for…
FG Warns Organisers of Hunger Protest Against Violence. The Federal Government has urged the promoters of the proposed nationwide hunger protests to pursue dialogue rather than resorting to disorder. The government emphasized its commitment to engaging with stakeholders on the country’s economic, social, and political challenges. Mallam Lanre Issa Onilu, the director-general of the National…
EKEDC Harps on Safety, Battles Energy Theft and Vandalism. The Eko Electricity Distribution Company (EKEDC) has raised alarms over the increasing incidents of energy theft and vandalism within its operational area, which have resulted in significant revenue losses. These concerns were voiced during a town hall customers’ forum held on Thursday in Lagos. Mrs….
Petrol Marketers Report Petrol Landing Cost Reaches N1,117 per Litre. The Major Energy Marketers Association of Nigeria (MEMAN) has revealed that the landing cost of Premium Motor Spirit (PMS), commonly known as petrol, reached N1,117 per litre as of July 16, 2024. This suggests that the Nigerian National Petroleum Company (NNPC) Limited is still subsidizing…
OPEC+ Unlikely to Change Oil Output Policy at Aug 1 JMMC Meeting, Sources Say. A mini OPEC+ ministerial meeting scheduled for August 1 is unlikely to recommend changes to the group’s output policy, including the plan to begin unwinding one layer of oil output cuts starting in October, according to three sources who spoke to…
Food Security: Reps Summon Defence Chiefs Over ‘Ungoverned Spaces’ The House of Representatives Committee on Defence will meet with the Minister of Defence, Abubakar Badaru, and the Chief of Defence Staff, Gen Christopher Musa, on Monday, July 23, 2024, to discuss the military’s strategy for addressing ‘ungoverned spaces’ occupied by criminals. The directive for this…
NNPCL, Military, and Police Hold Crucial Meeting to Combat Oil Theft and Pipeline Vandalism. In a decisive move to curb the rampant oil theft and pipeline vandalism plaguing the Niger Delta, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, held a high-level meeting with the Chief of Defence…
NCDC Reports 3,623 Cholera Cases and 103 Deaths Across 34 States. The Nigeria Centre for Disease Control and Prevention (NCDC) announced on Tuesday that it has recorded 3,623 suspected cholera cases and 103 deaths across 34 states and the Federal Capital Territory as of July 15, 2024. Dr. Jide Idris, the Director General of the…
$1.84bn Worth of Petroleum Products Stolen from Nigerian Refineries in Nine Years, Says NEITI. Dr. Ogbonnaya Orji, the Executive Secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI), revealed that Nigeria lost $1.84 billion worth of petroleum products due to oil theft from refineries over a nine-year period. This disclosure was made on Monday during…
Tinubu to Meet with Labour Leaders on New Minimum Wage, LGs Demand More Allocation. President Bola Tinubu will meet with labor leaders on Thursday to finalize discussions on a new minimum wage, following inconclusive talks held last week. The upcoming meeting aims to reach a consensus that will be incorporated into an amendment bill for…
