2 days ago
As President Muhammadu Buhari and stakeholders in the nation’s power sector deliberate on what becomes of electricity with the current administration winding down, attacks on gas pipelines are becoming a new normal leading to shutdown of power plants.
The successful transformation of the Nigerian National Petroleum Company (NNPC) Limited will undoubtedly increase its efficiency and transparency in 2022.
Malam Mele Kyari, Group Managing Director of the Nigerian National Petroleum Company (NNPC) Limited, has attributed the high price of Liquefied Petroleum Gas (LPG) to the rising price of crude oil and its derivatives at the world market.
Mallam Mele Kyari, Chief Executive Officer, Nigerian National Petroleum Company (NNPC), says the newly passed Petroleum Industry Act (PIA) will attract more business Investments in Nigeria.
The Federal Government will from next year transfer about N2.4 trillion to about 40 million Nigerians as transportation grants as government begins move to totally remove subsidy on Premium Motor Spirit (PMS).
Widening deficits, poor crude oil production, rising subsidy payments and lingering foreign exchange challenge appear to be compounding Nigeria’s revenue problems, making borrowing the last resort for the Federal Government in financing the N16.39 trillion 2022 budget.
Disturbed by the adverse impact of oil theft on the economy, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), yesterday, sought military involvement to tame the menace.
As the Federal Government implements its decade of gas agenda and embraces energy transition, stakeholders have argued that effective gas exploitation and domestic utilisation will depend on respect for sanctity of contracts and the regulatory environment.
The Minister of Employment, Labour and Productivity, Dr. Chris Ngige has indicated that casualisation of Labour would soon be a thing of the past in Nigeria.
To meet the growing demand of her 17.3 million Metric tons of petroleum products, Nigeria needs to invest about $3.09 billion in refinery projects.
Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has canvassed an all-encompassing framework for a sustainable gas supply and stable environment.
A few Nigerians, described as elite, may be stealing yearly about 42.25 million barrels of the nation’s crude oil worth $3.6billion at the prevailing price of $85 per barrel.