The Organization of the Petroleum Exporting Countries (OPEC), has said oil demand growth in China is currently the only certainty for rebound, with consumption in the country seen rising through the remainder of 2020 and recovering completely in 2021. According to OPEC Secretary-General, Mohammed Barkindo, the rest of Asia willRead More

Trade Union Congress (TUC) has given the federal government 7-day ultimatum to reverse the hike in prices of electricity, petrol and all other social services in the country to status quo ante (prior to increase).   In a statement signed by Comrade Quadri Olaleye, President of TUC and Comrade (Barr)Read More

The Nigeria LP Gas Association (NLPGA), has asked its members and operators to ignore the directive of the Petroleum Products Pricing Regulatory Agency (PPPRA), on the levy and administrative fee imposed on Liquefied Petroleum Gas (LPG) or cooking gas despite the product being deregulated. The Association had argued that imposingRead More

…Cost of repairs set to hit N1tr …Why pipeline vandalism persists Nigeria’s cost of pipeline repairs and management may soon hit N1 trillion as facilities were damaged 9,420 times in five years, as vandals steal oil and gas. This sum and other recorded losses could build a refinery with theRead More

By next month, the Federal Government will commence the conversion of cars and generating plants for gas fuelling. The Minister of State for Petroleum Resources, Timipre Sylva, spoke on NTA’s “Good Morning Nigeria” which our Abuja correspondent monitored on Monday. Shortly after his assumption of office, he had vowed to provideRead More

OpeOluwani Akintayo Lagos — While it is no longer news that electricity tariffs were hiked by between 50% and 100% depending on the location, what most electricity consumers are concerned with is how to cut down on electricity usage thereby saving cost. The first step is to identify the biggest energy-consumingRead More

The Nigerian National Petroleum Corporation (NNPC) and Chevron Nigeria Ltd (CNL) Joint Venture has donated a Polymerase Chain Reaction (PCR) laboratory facility to Warri Central Hospital in Delta. The facility was donated to the hospital in Warri, to assist in curtailing the spread of COVID-19 in the state. Also donatedRead More

The World Bank-backed power plant $900m Azura-Edo Independent Power Plant in Edo state has been unable to source dollars through the Central Bank of Nigeria, which has restricted access to the greenback in an effort to support the local naira currency, according to an industry executive and a financier briefedRead More

The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said when Dangote Refinery kicks off next year, it may not significantly reduce the price of petrol because the refinery will be selling at the international price. Ahmed said this is because the refinery is located at the ExportRead More

By Olatunde Dodondawa Nigerians have called on the Federal Government to establish a metering agency that will be responsible for metering only. The calls become imperative due to the recent hike in electricity tariff without improvement in power supply while many customers have no control over their energy consumption dueRead More