Despite Nigeria’s vast gas potential- 203 trillion cubic feet proven gas reserve, and a potential of 600 trillion cubic feet, it currently produces just 22 metric tons per annum with an output of 7294 million standard cubic feet per day. A production of 22 metric tons per day amounts toRead More

The Rivers State government and energy company, the Shell Petroleum Development Company of Nigeria Limited (SPDC), in Port Harcourt on Thursday, inaugurated the Egi/Igburu Cluster Development Board (CDB) for pipeline communities to SPDC’s Assa North Gas project. The SPDC’s Assa North Gas project has a capacity for 300 million standardRead More

… Commiserates with Families of Victims of inferno Olatunde Dodondawa, Lagos The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has assured of adequate petroleum products supply in Lagos and its environs despite a fire outbreak which occurred in the wee hours of Wednesday fromRead More

The Naira on Monday lost 50 kobo to close at N360.5 to the dollar, weaker than N360 posted on Friday at the parallel market in Lagos. The Pound Sterling and the Euro closed at N480 and N417, respectively. At the Bureau De Change (BDC) window, the Naira was sold atRead More