NCC moves against COVID-19
Regulator of the telecoms sector, the Nigerian Communications Commission (NCC) at the weekend, unveiled measures to support initiatives by other stakeholders to curtail the scourge of COVID-19, better known as …
Read MoreAuthor: Majorwaves
Allow tanker drivers to operate during lockdown, NNPC tells law enforcement agencies
The Nigerian National Petroleum Corporation (NNPC) has appealed Law enforcements agencies across the Country to allow petroleum products tanker drivers free movement during the lockdown ordered in parts of the …
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COVID-19: NIPCO heightens support for customers, staff
…….Opens up on gains of restructuring, insists employees remain major asset Leading downstream oil and gas company in Nigeria, NIPCO Plc, has heightened the supports for its customers and staff …
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Buhari, resolve electricity privatisation crisis
With yet another round of tariff increase looming, electricity consumers in Nigeria will have no choice but to brace themselves for harder times. This implies paying more for the usual …
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COVID-19: No increase in electricity tariff now — minister
Nigerian Electricity Regulatory Commission (NERC) says there will be a 3-month delay in the implementation of any electricity tariff. Minister of Power, Mr Sale Mamman made this known in a …
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Safety of Nigerians, not tariff increment, DisCos’ priority- Distributors
The Association of Nigeria Electricity Distributors (ANED) says the priority of the Distribution Companies (DisCos) at the moment is the safety of their employees and customers, not tariff increment. Mr …
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COVID-19 lockdown: DPR monitors filling stations, warns against hoarding
Department of Petroleum Resources (DPR) on Tuesday urged oil marketers to ensure distribution of petroleum products even with the stay at home order meant to check Coronavirus spread in the …
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Lockdown: don’t store petroleum products, Ogun DPR tells residents
The Department of Petroleum Resources (DPR), Abeokuta Field Office, has warned the public not to store petroleum products or engage in panic buying during the lockdown. The Operations Controller, Mrs …
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Oil price, coronavirus to slash Africa’s upstream capex by 33%
As output may witness drastic reduction Africa’s upstream sector may see its capital spending reduced by around 33 per cent in 2020 due to oil price crash and the coronavirus …
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FG reduces petrol price to N123.5 per litre
The Federal Government on Tuesday night reduced the price of petrol from N125/litre to N123.5/litre. Current petrol price indicates a reduction of N1.5 on every litre of petrol purchased nationwide. …
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TCN, NNPC collaborate to increase gas supply to electricity industry
The Transmission Company of Nigeria (TCN) says it has received unprecedented support from the Nigerian National Petroleum Corporation (NNPC) for availability of gas TCN’s General Manager, Public Affairs, Mrs Ndidi …
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COVID-19 Lockdown: Our loading depots remain Operational – NNPC
The Nigerian National Petroleum Corporation (NNPC) says its depots will be in operations to ensure availability of petroleum products in the country. The Managing Director of the Petroleum Products Marketing …
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COVID-19: EKEDC closes offices
Eko Electricity Distribution Company (EKEDC) says all its offices and outlets would be closed in compliance with the Presidential directive on the cessation of movement in Lagos, Ogun and the …
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U.S. crude dips below $20 as lockdowns hit demand
Oil prices fell sharply on Monday, with U.S. crude briefly dropping below $20 and Brent, hitting its lowest level in 18 years, on heightened fears that the global coronavirus shutdown …
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Nigeria earns $32.63bn from oil, gas sector in 2018 — NEITI
The Nigeria Extractive Industries Transparency Initiatives (NEITI) said Nigeria earned a total of 32.63 billion dollars from the oil and gas sector in 2018. NEITI disclosed this in the Oil …
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COVID-19: Open stations for operations, IPMAN boss directs marketers
The National President of the Independent Petroleum Association of Nigeria (IPMAN), Elder Chinedu Okoronkwo has directed all IPMAN members nationwide to open there filling stations for service, while assuring effective …
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COVID-19: PHED assures of power supply during stay-at-home period
Following the stay-at-home directive issued by governors in the four states of its operations, as a result of Covik 19 pandemic, the Port Harcourt Electricity Distribution Company, PHED has assured …
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Oil traders book more tankers for sea storage as global crude glut builds – sources
Traders have chartered at least five supertankers in the past day with options to store oil at sea as global stocks mount after the United States ditched plans to purchase …
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U.S. EPA waives fuel requirements, extends biofuel deadline to help refineries
The U.S. Environmental Protection Agency on Friday unveiled a raft of measures that agency chief Andrew Wheeler said are designed to help oil refineries cope with fallout from the coronavirus, …
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NNPC, IOCs Mobilise N11bn for Fight against COVID-19
The Nigerian National Petroleum Corporation (NNPC), International Oil Companies (IOCs) operating in Nigeria and independent oil companies in the upstream and downstream sectors, said yesterday that they were contributing about …
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Famfa oil pledges N1bn to support FG’s fight gaainst coronavirus
Chairman and Vice-Chairman of Famfa Oil Limited, Modupe and Folorunsho Alakija have donated N1bn to help the Federal Government tackle COVID-19 in the country. Chairman and Vice-Chairman of Famfa Oil …
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We have 60-days fuel sufficiency – NNPC
Nigerian National petroleum Corporation (NNPC) has urged Nigerians not to engage in panic buying of Premium Motor Spirit (PMS), as the country has adequate stock of the products to last …
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COVID19- NIMASA DONATES 20 VENTILATORS, N50 MILLION TO FIGHT PANDEMIC
-Volunteers, 6 Vessels, 4 Ambulances, Medical Consumables, Personels – It’s our collective battle – Jamoh In the face of huge global demand, the management of the Nigerian Maritime Administration and …
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16 Ministers and Top Government Officials Confirmed to Attend Africa Oil Week, as regional collaboration becomes more important than ever
Amid the current oil price crash, Africa Oil Week (AOW) remains the trusted platform for driving growth in the African upstream, as evidenced by continental governments’ sustained support for the …
Read More COVID-19 : EKEDC assures customers of stable power supply
Eko Electricity Distribution Company (EKEDC) has assured customers of stable power supply as the some civil servants among others work from home as part of efforts to manage and contain …
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Don’t expect scarcity of fuel, says DPR
The Department of Petroleum Resources (DPR) has told consumers of the Petroleum Motor Spirit (PMS) in Rivers State and other neighbouring states not to expect the scarcity of the product …
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COVID-19: Electricity workers threaten shut down over failure to protect staff
The General Secretary, National Union of Electricity Employees (NUEE), Comrade Joe Ajaero, has threatened that the union would be forced to embark on strike to protect its members against COVID-19. …
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Covid-19: NARTO orders petroleum tanker drivers to vacate depots
The National Leadership of Nigerian Association of Road Transport Owners (NARTO), has directed tanker drivers to keep away from the depots and stay at home with effect from Friday, March …
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COVID-19: EKEDC lauds customers for embracing online transactions
Eko Electricity Distribution Company (EKEDC) has lauded customers under its franchise areas for embracing online transactions to help contain the spread of COVID-19 pandemic. Mr Godwin Idemudia, General Manager, Corporate …
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Seplat profit increases by 13.4% to $270m in 2019
Seplat Petroleum Development Company (Seplat) Plc has announced a growth of 13.4 per cent in profit before deferred taxes to $270 million in its audited results for the financial year …
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