The National Union of Electricity Employees (NUEE) on Wednesday shutdown the headquarters of Ikeja Electric (IE) and Eko Electricity Distribution Company (EKEDC) in Ikeja and Marina, Lagos. The union members at the wee hours of the day locked staff of the distribution companies out and prevented them from gaining access to their offices. Mr Joe…
Oil prices fell on Wednesday after industry data showed an unexpected build-up of U.S. crude inventories and as investors waited to see if a fresh round of U.S. tariffs on Chinese goods would come into force on Sunday. Brent futures LCOc1 fell 48 cents to 63.86 dollars per barrel by 1220 GMT, set for their…
The Nigerian Liquefied Natural Gas (NLNG) has signed LNG Sales and Purchase Agreement (SPA) with Vitol SA for some of the remarketed volumes from NLNG’s Trains 1, 2 and 3. NLNG disclosed this in a statement signed by Eyono Fatayi-Williams General Manager, External Relations, and made available to newsmen in Abuja, on Wednesday. Vitol is…
Hundreds of residents of Gbarantoru in Yenagoa Local Government Area (LGA) of Bayelsa on Wednesday received free eyecare services sponsored by Shell Petroleum Development Company (SPDC). More than 300 people have so far received consultations from eye care specialists and got prescriptions. The eye care team comprising of Ophthalmologists and eye care support team prepared…
The Department of Petroleum Resources (DPR) in Cross River has sealed 56 petrol stations across the state between January till date for sharp practices. Mr Philip Awolu, Operations Controller of DPR in the state, disclosed this on Wednesday while speaking in Calabar. Awolu said that the stations were sealed for violating operational guidelines and stipulated…
NGA President, Executives visits Petroleum Minister In furtherance to the Gas Business priority of the Honorable Minister of State for Petroleum Resources, Chief Timipre Sylva, he received a delegation of the top executive members of the Nigerian Gas Association led by the President, Audrey Joe-Ezigbo, today in Abuja, Nigeria. The President of the Nigerian…
The Federal Government of Nigeria has approved the ‘Pioneer Status’ incentive for TechnoGas Liquefied Petroleum Gas (LPG) Cylinder Manufacturing Plant. It would be recalled that the first fully indigenous automated LPG cylinder manufacturing plant of Techno Oil Limited was commissioned by Vice President Yemi Osinbajo on June at Kajola in Lagos State. The waiver of…
The Nigerian Association of Liquefied Petroleum Gas Marketers(NALPGAM) has urged importers of cooking gas cylinders to comply with the standards set by the regulatory agencies to enhance safety in the industry. Its President, Mr Nosa Ogieva-Okunbor, gave the advice in Lagos on Tuesday while reacting to the recent destruction of over 5,000 substandard Liquefied Petroleum…
Oil prices drop as fears over trade war, weaker demand return to haunt marke Oil prices slipped on Tuesday for a second straight session as the cons of a slowing global demand outlook outweighed the pros of OPEC’s agreement with associated producers at the end of last week to deepen crude output cuts in early…
Lagos State Government says its investment in technology and innovation was a deliberate effort to make Lagos Africa’s foremost centre of innovation. Lagos State Governor, Babajide Sanwo-Olu, said this on Monday in Ikeja, during a courtesy visit by the Management Team of Oracle Africa, led by the Group’s Country Director, Mr Adebayo Sanni. Sanwo-Olu said…
