Energy

The Nigerian Bulk Electricity Trading Plc has provided statistics on misalignments in the power value chain, saying that about 14,000 megawatts of electricity was contracted to power generation companies. Managing Director, NBET, Nnaemeka Ewelukwa, gave a breakdown of the quantum of Nigeria’s electricity demand, what was contracted, available capacity, what …

Oluwasina Phillip Vice President Yemi Osinbajo has expressed concern over development finance institutions and some countries insisting that gas projects should be defunded. He also expressed delight over the Biden administration’s full return to climate change global agenda. Osinbajo spoke in Abuja when he received at the Presidential Villa, a …

Oluwasina Phillip In yet another recognition of his efforts since becoming the GMD/CEO of the NNPC, Mallam Mele Kyari has been honoured with the “The Sun Man of The Year Award”, the biggest recognition by The Sun Publishing Comapany Ltd, publishers of The Sun Newspaper titles. Kyari received the award in a …

Ebuka Daniel The Nigerian National Petroleum Corporation (NNPC) has engaged critical stakeholders so as to find lasting solutions to the road network challenges and other lingering issues. The engagement is a follow-up to its efforts in sustaining the current smooth supply and distribution of petroleum products nationwide within the festive …

Ebuka Daniel The Nigeria National Petroleum Corporation calls on Petroleum Tanker Drivers to, in the interest and welfare of the Nigerian people call off its planned strike action. The strike is about the condition of roads in various parts of Nigeria which are used for the distribution of goods and …

Ebuka Daniel The Corporate Affairs Commission (CAC) says the Nigerian National Petroleum Company Limited has made history by becoming the company with the highest share capital in the country. The Registrar General of the Corporate Affairs Commission, Alhaji Garba Abubakar revealed this today in Abuja while presenting the Certificate of …

Ololade Omosan-Agie The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyrai, has said that there is no going back on the auto gas project and any other gas utilisation project initiated to benefit the country. Kyari who spoke at the Seplat Energy Summit 2021, also advocated for …

Ololade Omosan-Agie  Oil prices climbed above $81 on Monday as the Organisation of Petroleum Exporting Countries and its allies announced that it would maintain its steady output increase by 400,000 barrels per day in November, its highest since 2014.OPEC also said Nigeria’s crude oil production slipped by 130,000 barrels per …

Oluwasina Phillip The amount spent on the importation of petroleum products into Nigeria in 2020 is $43.46bn higher than the revenue which the country earned from the export of petroleum products in the same year. In its 2021 report on the latest values of petroleum exports and imports of member …

The President, Major General Muhammadu Buhari (retd.), has asked the Senate to replace the nomination of Sarki Auwalu with Farouk Ahmed as the Chief Executive Officer on the Nigerian Midstream and Downstream Petroleum Regulatory Authority Board. Buhari’s request was contained in a letter dated September 28, 2021, and read by …