Retailing stations operated by the Nigerian National Petroleum Corporation (NNPC) would have the Compressed Natural Gas (CNG) by December, Group Managing Director (GMD) Malam Mele Kyari, said on Monday. According to him, the deployment will be extended to independent retail stations as the NNPC plans to replicate the plants inRead More

Government will also provide a tariff relief package of about N10.20 per kilowatt-hour for certain categories of electricity consumers for the next three months and free distribution of about six million prepaid metres to consumers. The federal government and labour unions have agreed to use proceeds from Value Added TaxRead More

The Federal Government has announced the suspension of new electricity tariffs by another one week. The decision was taken on Sunday in Abuja at the resumed negotiation between the Federal Government and Labour. The revised Terms of Reference (ToR) for the second phase includes review inputs to the MYTO modelRead More

The Nigerian National Petroleum Corporation (NNPC Retail), KCB Bank Kenya and Ghana Union Assurance are some of the organisations that won the 2020 Africa Finance Awards. Other winners mentioned in a statement by the organisers included Credit Ville, Infinity Mortgage Bank Plc, Norremberger, Hygeia HMO, Crystal Finance, Xymbolic Development, MarvelousRead More

Lagos — The federal government has listed over 9000 stations for collocation of autogas nationwide this year as part of the process of replacing preference for gasoline with Liquefied Natural Gas, LNG and Compressed Natural Gas, CNG. This was revealed by Engr. Justice O. Derefaka, the Technical Adviser on Gas BusinessRead More

More than N76.5bn has been paid for the purchase of petrol by consumers since the downstream oil sector was deregulated in March this year, Okechukwu Nnodim reports After the Federal Government deregulated the downstream sector of the oil industry on March 19, consumers of Premium Motor Spirit, popularly called petrol,Read More

  NXT Grid BV, a solar mini-grid rental company, with a focus on online automation and standardisation to empower local mini-grid developers in Sub-Saharan Africa (“SSA”), has secured an investment from All On, a Nigerian impact investing firm seeded by Shell. “We are extremely excited about partnering with All On.Read More

…Calls for Collaboration among Downstream Players across Africa The deregulation of the downstream sector of the oil and gas industry in Nigeria will increase investment in the refining business and facilitate exponential growth in the nation’s refining capacity. This was the submission of the Group Managing Director of the NigerianRead More

Savannah Energy PLC, the African-focused British independent energy company sustainably developing high-quality, high potential energy projects in Nigeria and Niger has posted $91.7m in revenues for the six months ended 30 June 2020 together with a trading update up to 31 August 2020 and outlook for the FY 2020.  Read More

  The Nigerian Content Development and Monitoring Board, NCDMB, and the National Information Technology Development Agency, NITDA have agreed to set up a six-man joint committee that will foster their collaboration in the development of local content in information and communications technology, oil and gas industry, and related sectors. TheRead More