Five oil polluted sites have been restored- HYPREP
The Hydrocarbon Pollution Remediation Project (HYPREP) has revealed that it had successfully restored five polluted sites out of the 21 it started in January...
Nigerians spent N2.37tn on petrol, vandalism decreases- NNPC
Data from the Nigerian National Petroleum Corporation (NNPC) as revealed that Nigerians spent N2.37tn on petrol imported into the country in 13 months.
The Corporation...
Brent Crude rise to $46, highest in five months
The international oil benchmark, Brent Crude, rose on Wednesday (05/08/2020) to its highest since early March after a large decline in the United States’...
PPPRA increase petrol ex-depot price by N6
The Petroleum Products Pricing Regulatory Agency has increased the ex-depot price of petrol by N6 to N138.62/litre for the month of August 2020.
Oil marketers...
Power generation reach new record of 5,377MW- TCN
The power sector has recorded a peak generation of 5,377 megawatts, the Transmission Company of Nigeria has said.
It disclosed this in a tweet via...
Oil spill devastate 20 communities in Rivers
An oil spill from a facility belonging to Nigeria Agip Oil Company has devastated about 20 communities in Ogba-Egbema-Ndoni Local Government Area of Rivers...
Refineries to become operational in 2023- NNPC
The Nigerian National Petroleum Corporation (NNPC) has announced a new target date of mid-2023 to get the country’s refineries functional.
Nigeria’s refineries in Warri, Port...
Power plants output drops due to gas shortage
Nigeria’s biggest power plant, Egbin, and nine other plants have witnessed their power output drop due to gas shortage.
The total power generation in the...
NNPC signs $1.5bn oil prepayment deal with traders
The Nigerian National Petroleum Corporation (NNPC) has reportedly signed a $1.5bn prepayment deal which was led by Standard Chartered and backed by two oil...
NBET fails to pay GenCos N181.39bn
The payment to power generation companies for the electricity produced and fed into the national grid has reportedly slumped to 14.55 per cent.
The Nigeria...
