MOMAN says Subsidy cannot be Sustained in Nigeria Downsream The Petroleum Industry Act, 2021 is an excellent piece of legislation which was extremely well thought through. We are now at the point of implementation, which is taking a bit longer than hoped but this is not necessarily a bad thing. The President postponed the implementation…
NLNG: Three Contestants to Compete for $100,000 Nigeria Prize for Literature The Advisory Board for The Nigeria Prize for Literature has announced three contestants as finalists for the 2022 edition of The Nigeria Prize for Literature. The literature prize is sponsored by Nigeria LNG Limited (NLNG) with a cash award of $100,000. Professor Akachi Adimora-Ezeigbo,…
Shell Commissions Indigenous Firm for Gas Market in Nigeria Nigeria’s leading domestic gas distribution company, the Shell Nigeria Gas Limited (SNG), has commissioned a far-reaching gas market survey in 33 per cent of the states in Nigeria to gain deeper market insights for entry and to accelerate the achievement of Nigeria’s Decade of Gas objectives….
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Energy Transition: Osinbajo says Nigeria needs over $410bn 2060 Energy Transition Plan Nigeria’s Vice President Yemi Osinbajo says the country needs to spend over 410 billion dollars to deliver its energy transition plan by 2060. This was revealed by Osinbajo’s spokesman, Laolu Akande, in a statement on Wednesday in Abuja at the global virtual inauguration…
Reimagining Energy Utilization for Industrial Sector in Face of Rising Cost of Alternative Liquid Fuels Africa’s energy giant Nigeria is Africa’s energy giant. It ranks second to Algeria in natural gas by almost 50 trillion cubic feet of gas deposits. Most of Africa’s bitumen and lignite reserves are found in Nigeria. In its mix of…
BPE Takeover Kano, Port Harcourt, Ibadan, Kaduna Discos Four Distribution Companies (DisCos), Kano, Port Harcourt, Ibadan and Kaduna have been taken over by Bureau of Public Enterprises (BPE) for non-performance and debt. Successful TakeOver According to Director General of BPE, Mr. Alex Okoh, the takeover has been concluded successfully. Okoh revealed this in a presentation…
Non-Oil Export in Nigeria Hits $2.5bn In Six Months The Executive Director of Nigerian Export Promotion Council (NEPC), Ezra Yakusak, said Nigeria’s non-oil sector export proceeds has recorded massive growth as the country exported products worth $2.593 billion in the first half of 2022. Yakusak, said this while briefing newsmen in Abuja on the performances…
Oil Climbs as Saudi Arabia Warns of OPEC Output Cuts Oil rose on Tuesday as renewed concerns over tight supply dominated market sentiment after Saudi Arabia warned that the major oil producer could cut output to correct a recent oil price decline. Brent crude futures advanced 93 cents, or 1%, to $97.41 a barrel by…
NNPC-SNEPCo Launches Weeklong Free Eye Care in Lagos Nigerian National Petroleum Company (NNPC) Limited and the Shell Nigeria Exploration and Production Company Limited (SNEPCo) have commenced a weeklong free eye care tagged: “Vision First Initiative” in Lagos. This initiative is part of the Corporate Social Responsibility (CSR) of the companies. Also read = Petroleum varsity gets…
