The Association of Nigerian Electricity Distribution Companies (ANED), on Monday said that the Distribution Companies (DisCos) would enforce the new electricity tariffs from April 1. Mr Sunday Oduntan, the Director, Research and Advocacy, ANED disclosed this in a statement in Abuja on Monday. Oduntan said that the present tariff shall remain the same until April…
The Nigerian Electricity Regulatory Commission (NERC) says it will ensure that customers pay for only electricity consumed by providing meters for them. The Chairman of NERC, Prof. James Momoh, said this at a news conference in Abuja on Monday. Momoh said that NERC would do everything within its power to ensure that distribution companies (DisCos)…
The Department of Petroleum Resources (DPR) has threatened to sanction all unlicensed LPG retail outlets and operators with stiff penalties. The DPR North West Zonal Operations Controller, Mr Isa Tafida, made this known to newsmen in Kaduna while reacting to Saturday’s gas explosion at Sabon Tasha, Chikun Local Government Area of Kaduna State. The gas…
The Federal Government on Monday said it is committed in cleaning up the hydrocarbon impact on communities in Ogoniland in spite of challenges being faced in the exercise. The Project Coordinator, Hydrocarbon Pollution and Remediation Project, Dr Marvin Dekil, disclosed this on the sidelines of the 2020 Ogoni Day celebration in Bori, Rivers. HYPREP, under the…
Last month, Nigeria’s Minister of State for Petroleum Resources, H.E. Chief Timipre Sylva declared 2020 as the Year of Gas for the West African Nation. In line with this initiative, the Minister and the Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kolo Kyari, led by Nigeria’s President Muhammadu Buhari will host…
* Saudi oil output edges lower * Nigeria cuts supply but still exceeds quota * Angolan output posts biggest rise after maintenance OPEC oil output fell in December as Nigeria and Iraq adhered more closely to pledged reductions and top exporter Saudi Arabia made further cuts ahead of a new production-limiting accord, a Reuters survey…
Mexico City — Mexican President Andres Manuel Lopez Obrador said on Friday it will be a long time before Mexico produces enough natural gas to become self-sufficient and the country will continue to rely on imports until then, a boon for U.S. exporters. Mexico imports more than 70% of its gas needs from abroad, and more…
London — Asian spot prices for liquefied natural gas (LNG) were little changed this week amid quiet trade and low liquidity. The average LNG price for February delivery into northeast Asia LNG-AS was estimated at around $5.10-$5.20 per million British thermal units (mmBtu). “Demand is still weak following the Christmas and New Year holidays and there…
Lagos — The success of LADOL has proven the efficacy of the United Nations Sustainable Development Goals, SDGs, as a framework for the development of new economy businesses and for maximising local content in low income high growth countries. Managing Director of Lagos Deep Offshore Logistic Base, LADOL, Dr Amy Jadesimi who made the disclosure at…
Port Harcourt — The Trade Union Congress of Nigeria, TUC, has urged President Muhammadu Buhari to as a matter of urgency relinquish his position as the Minister of Petroleum Resources, following the rise on petrol subsidy, as announced by the Petroleum Products Pricing Regulatory Agency. TUC National President, Comrade Quadri Olaleye, in his new new year…
