NNPC increases petrol depot price to N151.56
The Petroleum Products Marketing Company, a subsidiary of the Nigerian National Petroleum Corporation (NNPC), has increased the ex-depot price of Premium Motor Spirit, also...
BUA to construct 200,000 BPD refinery with France’s Axens
BUA Group Plc has selected France’s Axens for a multibillion-dollar 200,000 barrel per day refinery and petrochemicals plant in Nigeria, the French company revealed...
NERC approves increase in electricity tariff
The Nigerian Electricity Regulatory Commission (NERC) has approved an increase in electricity tariff with effect from September 1, 2020 (today).
The increase is three months...
N5.38bn spent on petrol subsidy in June- NNPC
The latest figures from the Nigerian National Petroleum Corporation (NNPC), have shown that the oil firm made an under-recovery of N5.348bn in June this...
Filling Stations across the country to dispense autogas- FG
The Federal Government has announced that the dispensing of autogas into automobiles through selected filling stations across the country will commence by the end...
FG begins Power Ministry restructuring, committee inaugurated
The Federal Government on Thursday has announced that it has begun the restructuring of the Federal Ministry of Power.
It revealed that the initiative would...
IPMAN launches patrol boats to fight oil theft in Rivers
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has launched sea surveillance patrol boats in Rivers State to fight oil theft and sea piracy...
No crude oil refined in refineries with N142.07bn operating cost- NNPC
Data from the Nigerian National Petroleum Corporation have shown that no barrel of crude oil was refined by the nation’s refineries in 12 months...
FG orders nationwide mass metering, waiver on meter imports- NERC
The Nigerian Electricity Regulatory Commission (NERC) has announced that President Muhammadu Buhari has ordered operators in the power sector to carry out mass metering...
Edo refinery applies to NNPC for crude oil supply
The Edo Modular Refinery has applied to the Nigerian National Petroleum Corporation for the supply of crude for use in phase one development of...
