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Author Archives: admin

Osinbajo Commends NDPHC as FG Targets 5m Homes with Solar System

Vice President Yemi Osinbajo has commended the management of the Niger Delta Power Holding Company (NDPHC) Limited for playing leading role in Federal Government’s plan to provide electricity to 25 million Nigerians through off-grid connections to 5 million homes. Prof. Osinbajo gave the commendation at the launch of 100,000 Solar Home System in Jangefe community, Kazuare Emirate, Jigawa State. He ...

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Oil Marketers Decry Lawmakers’ Interference Usurping DPR Function

The House of Representatives Ad-hoc Committee on Tank Farms, Petrol, and LPG are visiting petrol stations across the country to ensure compliance and safety precautions. This has been a concern to operators of the downstream who believed the lawmakers are over stretching their bounds usurping the responsibility of the Department of Petroleum Resources (DPR). Nigerian lawmakers are visiting petrol stations ...

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BEDC, TCN Move to Solve Power Problems in Magboro, Others

The Ibadan Electricity Distribution Company (IBEDC) says it is working assiduously with the Transmission Company of Nigeria (TCN) to solve power challenges in Magboro, Ibafo and Mowe communities. The IBEDC’s Chief Technical Officer, Mr Akin Abiodun, stated this in a statement he released to journalists in Ibadan. “The attention of the Management of Ibadan Electricity Distribution Company (IBEDC) Plc has ...

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Marketers Project Petrol Price Reduction as Oil Falls

Brent, the oil against which Nigeria’s crude is priced, continued its fall in price on Thursday with oil marketers in the country projecting that such a persistent plunge in global oil prices could lead to a reduction in petrol pump price. Industry figures showed that global oil prices maintained their steady decline on Thursday as Brent dropped to $62.92/barrel as ...

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NNPC to Resume Oil Exploration in Sokoto Basin

The Nigerian National Petroleum Corporation announced plans to resume active oil exploration in Sokoto Basin. A statement issued in Abuja on Thursday by NNPC spokesperson, Kennie Obateru, said the corporation’s Group Managing Director, Mele Kyari, said exploration for crude would resume in the Sokoto Basin. The statement read in part, “Kyari also hinted of plans for the corporation to resume ...

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Shell to Post Profit from Upstream Operations and Reduce Debt Profile to $35 Billion

……..by Jenifer Dike………The multinational oil giant Royal Dutch Shell Plc is expecting to post profit this year from it’s upstream operations and also reduce it’s debt profile to $35 billion. The company said it is going to make the first profit from pumping oil since the start of the pandemic. Shell’s upstream unit was able to capture “the upside from ...

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Dangote and Flour Mills Kick Against $250 Million Refinery, Petition FG

……..by Ibrahim Musa…….. …….Project Beneficial will checkmate arbitrary price hike, create jobs – BUA Boss……… The Chairman, Dangote Industries Limited, Alhaji Aliko Dangote, alongside Chairman, Flour Mills of Nigeria Plc, Mr. John Coumantaros, are kicking against the N250 million Sugar refinery established by BUA in Port Harcourt.Accordingly to them the establishment of a new sugar refinery plant in the country ...

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IPMAN Lauds FG for Rehabilitation of Port Harcourt Refinery

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has lauded the Federal Government for its effort to rehabilitate the Port Harcourt Refinery.IPMAN’S president, Mr Chinedu Okoronkwo, said on Wednesday in Lagos that having functional refineries was in the best interest of the nation.The Nigerian National Petroleum Corporation (NNPC) and an Italian company, Tecnimont SpA, had on Tuesday signed an agreement ...

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NNPC Assures Kebbi State of Commitment to Renewable Energy Project

The Nigeria National Petroleum Corporation (NNPC) has restated its commitment to the partnership with the Government of Kebbi State for the production of biofuels, describing the project as viable and in tandem with the global transition to renewable energy.The Group Managing Director of the NNPC, Mallam Mele Kyari, disclosed this while receiving the Governor of Kebbi State, Senator Atiku Bagudu, ...

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