Oil marketers under the aegis of the Petroleum Retail Outlet Owners Association of Nigeria, have established and deployed a task force to check and sanction filling stations selling Premium Motor Spirit, popularly called petrol, at exorbitant prices.
It was gathered that the decision was taken following reports that some filling stations were dispensing petrol above N300/litre, far higher than the…
Shell extends vacation program for researchers.
March 3, 2023
Shell Petroleum Development of Nigeria Limited has enrolled 15 scientists and research fellows in a one-year fellowship and research fellowship program.
The event, recently held at the company’s headquarters in Port Harcourt, marked the resumption of the annual program…
Troublemaker jailed for stealing EKEDC property.
February 25, 2023
The district court sentenced two perpetrators to various prison terms for damaging property belonging to Eko Power Distribution.
This is stated in a statement signed by the Director of Corporate Communications of EKEDC.
Abdullahi Yinusa and Abdullahi Musa were arrested and…
Disco waives 408 MW of excess capacity - FG
February 24, 2023
Distribution companies have increased the amount of electricity they supply and distribute to consumers across the country as the latest federal government data shows a decline in the amount of electricity wasted in nightclubs.
Data released by the Federal State Grid Authority of Nigeria on Thursday for a summary of daily nightclub load from February 4 to 10, 2023 showed a cumulative distribution…
The company promotes the use of solar energy.
February 22, 2023
Westa.solar, a clean energy company offering packaged solar purchase agreements, provided a 148kW solar array for FrootMultitradeNigeria Limited and a 600kW solar array for SacvinNigeria Limited.
In their statement, energy experts expressed continued concern about…
Oil exploration investment to reach $499 billion by 2022 - report.
February 19, 2023
The investment in the global oil and gas upstream sector has increased by 39 per cent to $499bn in 2022, the highest level since 2014 and the most significant year-on-year gain in history.
This was according to a new report by the International Energy Forum and S&P…
Ex-depot price of Premium Motor Spirit otherwise known as petrol has risen by 110 per cent in four months,
The data showed that the ex-depot price rose from N148 per litre last October to an average of N312 per litre on February 3 this year.
As the sole importer of petroleum products, the Nigerian National Petroleum Company Limited had set the price which products can be sold to oil marketers at…
139 investors ready to commercialize flare gas - FG
February 3, 2023
The Federal Government, on Thursday, said a total of 139 investors had shown readiness to monetise the gas flares from the 48 flare sites across the country.
It disclosed this at the 2022 Nigerian Gas Flare Commercialisation Programme Bidders Conference and Investors Forum…
Contract signed NNPCL, Daewoo, N342 Bill Kaduna for reconstruction.
February 3, 2023
The Nigerian National Petroleum Company Limited and Daewoo Engineering and Construction Nigeria Limited, on Thursday, signed a contract of $740.67m (N341.48bn as at Thursday’s official exchange rate of N461.04/$) for the rehabilitation of Kaduna Refining and Petrochemical…
Heifer launches solar power plant for farmers in Lagos.
February 2, 2023
Heifer International’s sponsored agritech storage solution, ColdHubs, has launched its solar-powered facility for smallholder farmers and sellers of perishable farm produce at the ABAT CBD Market in Ibeju-Lekki.
The agritech company made this know during the launch on Tuesday in Lagos which was witnessed by farmers, traders and government officials.
The Country Director of Heifer…