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by Musa Ibrahim……………….. The Federal government has concluded plans to cushion the effect of the recent fuel price increase on Nigerians especially those in the rural areas as it sets to distribute 2,000 buses for Mass transit. Dr George Akume, Minister of Special Duties and Intergovernmental Affairs made this known on Friday at the interactive he had with stakeholders of ...

by Jenifer Dike………….. While there are concerns that oil price could slide down further in the months ahead OPEC is undeciding whether to embark on further production cuts or bear the lower price coming. For instance, Russia’s central bank has warned that crude oil prices could slump to $25.. Reasons being heightened geopolitical tensions, a second wave of coronavirus infections, ...

……as NNPC opens discussions with investors……..,. There are strong indications that petroleum products marketers are weighing the options of taking over the federal government equities in the nation’s four Refineries that have 445 barrels per day capacity. The Group Managing Director (GMD), Nigeria National Petroleum Corporation ((NNPC) Engr. Mele Kyari said recently that Nigeria is holding talks to give up ...

The Nigerian Electricity Regulatory Commission has said the power distribution companies will be liable to capacity charge for failure to take their entire load allocation caused by constraints in their networks. NERC disclosed as it announced to the Discos the review of the extraordinary tariff review application filed by them. Last week, the Discos announced what they called “new service ...

………Says Marte will aid CBDA’s irrigation. Wants Gwoza connected from Bama………. Borno Governor, Professor Babagana Umara Zulum was at headquarters of the Niger Delta Power Holding Company to make passionate request for extension of 132 Kilovolt electricity line from Maiduguri to Dikwa and Marte. The Governor was received by the company’s top management, led by the Managing Director/Chief Executive Officer, ...

by Jenifer Dike……,………….. The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr Mele Kyari has disclosed that the nation’s four refineries which has been shutdown completely after full rehabilitation are done will operate at about 400 of the 445 barrel per day installed capacity. According to him the target is that when the refineries come back to ...

by Ben Ndubuwa………….. The move by Nigerian to diversify her energy sources and reduce dependence on refined petroleum products particularly Premium Motor Spirit (PMS), Automotive Gas Oil (AGO) and HHK-kerosene has led the federal government to embark on various alternative energy development program . This alternative energy development program has among other things given birth to the National Gas Expansion ...

………Eni Kicks, feels disappointed….. The Nigerian government has ruffled Shell and Eni feathers by asking a court in Milan, Italy, to compel both oil majors to pay the sum of $1.092 billion as an immediate advance payment for damages in the Malabu oil deal, one of the biggest controversial Scam in the Nigeria oil industry. During the hearing of the ...

by Abisoye Shola………… The Nigeria National Petroleum Corporation (NNPC), Group Managing Direction, Engr. Mele Kyari has said that plans are under way to help marketers have access to foreign exchange (Forex) and this will enable them to import Petroeum products. Oil marketers both the major and independents have been complaining of their inability to access forex and also at an ...

by. James Ikenna……………. The Edo Modular Refinery is targeting an increased refining capacity of 60,000 barrel per day (bpd) of crude oil against its original 6,000 bpd. The modular refinery is a project being developed by two Chinese firms, the AIPCC Energy Limited and the Peiyang Chemical Equipment Company Limited. The Head Quality, Health and Safety/ Community Relations of the ...