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Category: Energy

Subsidy Removal: FG to issue licences for petrol importation

The Federal Government through the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) is ready to issue licences to companies interested in the importation of Premium Motor Spirit (PMS), popularly called petrol. Chief Executive Officer…

Report: NNPCL subsidiary generated N256bn revenue in 2022

The Nigerian National Petroleum Company Retail Limited has collected a total revenue of N255.6bn during its 2022 financial year. This was contained in a report on key achievements in 2022 by the Nigerian National Petroleum…

Coping with controversial fuel subsidy removal

The approach adopted by President Bola Tinubu in removing subsidy on PMS otherwise called petrol has elicited different interpretations and responses from stakeholders including the Nigeria Labour Congress, which has issued a notice of strike…

‘Why Nigeria still needs more working refineries’

‘Why Nigeria still needs more working refineries’

Though the Dangote refinery is planned for 650,000, bar- rels per day petrol refining plant and 900,000 tonnes per annum polypropylene production, oil marketers insist that there are still refining opportunities for the four re-…

Solid minerals’ revenue contribution to FAAC hits N50 billion

Solid minerals’ revenue contribution to FAAC hits N50 billion

Revenue diversification initiative of the Federal Government from oil to non-oil sector is paying off with solid minerals revenue accruals to federation purse crossing N50 billion mark in 12 years, figure exclusively obtained from Revenue…

‘N12bn target no solution to environmental pollution clean-up’

The payment of $12 billion to Bayelsa State for the restoration and clean up of decade-long oil pollution may not be an end to the degradation of the state and other ravaged Niger Delta regions…

Electricity Metering: Consumers’ frustration amid FG’s efforts

Electricity Metering: Consumers’ frustration amid FG’s efforts

The outcry by electricity consumers in Nigeria against their alleged exploitation through ‘unjustifiable and astronomical’ estimated billings by distribution companies (DisCos) necessitated the Federal Government to introduce programmes aimed at bridging the prepaid metering gap.…

EEDC Begs Anambra Residents To Respect  Power Right Of Way, Decries Energy Theft

EEDC Begs Anambra Residents To Respect Power Right Of Way, Decries Energy Theft

The Enugu Electricity Distribution Company (EEDC) has called on its customers and residents in Anambra State to steer clear of power lines and other electricity right of way for their own safety. Mr. Emeka Ezeh,…

Egbin Power committed to human capital development

Egbin Power committed to human capital development

Egbin Power Plc, the largest power generating station in Nigeria, has rewarded several employees with cash prizes and gifts worth millions of naira for stellar performances and contributions leading to increased productivity and further growth…

PENGASSAN calls off strike crippling Mobil production, export activities following NNPCL intervention

PENGASSAN calls off strike crippling Mobil production, export activities following NNPCL intervention

  The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has called off the strike across Mobil Producing Nigeria Unlimited (MPNU) and Esso Exploration and Production Nigeria Limited (EEPNL) facilities. The union’s strike,…