Category: Energy and Power
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Nigeria regains top crude oil production spot in Africa – OPEC
Nigeria has regained the top spot among crude oil-producing countries in Africa with the nation’s crude oil production averaging 1.27 million barrels per day in November. The Organisation of the Petroleum Exporting Countries (OPEC) made this known in its Oil Market Report for December which was obtained by the News Agency of Nigeria (NAN) on…
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Why we don’t want Nigerians to own gas cylinders anymore – VP Osinbajo
Why we don’t want Nigerians to own gas cylinders anymore – VP Osinbajo
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Geometric Power secures $50m for reliable electricity in Southeastern Nigeria
Geometric Power secures $50m for reliable electricity in Southeastern Nigeria
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NNPC records petroleum product sale of ₦234.63bn in March
The Nigerian National Petroleum Corporation (NNPC) has announced that its downstream subsidiary, the Petroleum Products Marketing Company (PPMC), recorded ₦234.63 billion revenue from the sale of white products in the month of March 2021. TheNewsGuru.com (TNG) reports the sum represents a 24.7% increase from the ₦188.15 billion sales recorded in the previous month of February…
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Nigeria imported 20.60bn litres of petrol in 2019 – NEITI
The Nigeria Extractive Industries Transparency Initiative (NEITI) says Nigeria imported a total volume of 20.60 billion litres of Premium Motor Spirit (PMS), popularly known as Petrol, in 2019. This is contained in NEITI audit report on the Oil and Gas Sector 2019 released on Wednesday in Lagos. NEITI said the figure was three per cent…
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No plan to privatise TCN – BPE
Mr Yunana Malo, Director, Energy Department, Bureau of Public Enterprises (BPE) says there is no plan to privatise the Transmission Company of Nigeria (TCN). He said, at a media conference on Monday in Abuja, rather than that, the Bureau would concession it to get maximum value. He said transmission was the weak link in the…
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We will patronise Dangote refinery – MOMAN
The Major Oil Marketers Association of Nigeria (MOMAN) has expressed interest to lift refined petroleum products from the Dangote Refinery, Lagos which is at completion stage. The Dangote Group made the announcement in a statement posted on its website on Sunday. The statement said the marketers made the request during a recent visit to the…
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How we ‘accidentally’ discovered 206trn cubic feet gas reserve – Timipre Sylva
Minister of State for Petroleum, Chief Timipre Sylva, has said that the country accidentally discovered 206 trillion cubic feet of gas reserves while in search of crude oil. Sylva, who disclosed this in Abuja at a News Agency of Nigeria forum, said that the country could discover an additional 600 trillion cubic feet reserve to…
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NNPC records 314% increase in trading surplus in February
The Nigerian National Petroleum Corporation (NNPC) has announced a ₦39.85billion trading surplus for the month of February 2021 representing a massive 314.24% leap from the ₦9.62billion surplus it recorded in January 2021. This is contained in the February 2021 edition of the NNPC Monthly Financial and Operations Report (MFOR), according to a press release by…