Archives for ENERGY - Page 30
NNPCL Spent 94.7% of August Oil, Gas Revenue on Petrol SubsidyÂ
NNPCL logo The Nigerian National Petroleum Company Limited (NNPCL) spent per cent of its revenue on petrol subsidy payment in August, latest data from the national oil company has affirmed.…
Reps probe NNPC Joint Venture businessÂ
House of Representatives has said it is probing the structure and accountability of Joint Venture (JV) business and production sharing contracts (PSCs) of Nigerian National Petroleum Company (NNPC) Ltd. Chairman…
95.4m litres crude oil stolen daily, says govtÂ
Drums of oil The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) yesterday said litres or 600,000 barrels of crude oil were stolen daily. It said a barrel contains 159litres. The…
No going back on power sector privatisation – FGÂ
Power, illustration The Federal Government has reiterated its resolve and openness to more private sector collaboration as the only viable means of solving Nigeria’s energy needs. The Minister for Power,…
Cooking gas price rises by 101%Â
Gas cylinder The average price of 5kg cooking gas increased from N4, in July to N4, in August. The assertion was made by the National Bureau of Statistics…
FG loses 13.21m-barrels oil worth N603.64bn in 2022
Drums of oil  Nigeria lost about million barrels of crude oil with an estimated worth of between January and August this year, an analysis of the monthly reports of the…
Fuel Scarcity Hits Abuja As Marketers Shut Stations
Fuel  Many filling stations were shut on Tuesday leading to lengthy queues by motorists for Premium Motor Spirit, popularly called petrol, at the few outlets that dispensed the commodity in Abuja…
NNPC Defends 68m-Litre Daily Consumption, Backs Forensic AuditÂ
GCEO NNPC , Mele Kyari The Nigerian National Petroleum Company Limited on Sunday insisted that daily supply of Premium Motor Spirit, popularly called petrol, across the country was 68…
NNPCL’s Total Outstanding Petrol Subsidy Debt Hits N1.04trn, N448.7bn Deducted in JulyÂ
GCEO NNPC , Mele Kyari With total spending on the controversial petrol subsidy now exceeding oil revenue, the Nigerian National Petroleum Company (NNPCL) outstanding debt on what it…
FG Lacks Capacity To Sustain N6trn Fuel Subsidy — Oil Marketers
Fuel By Ngozi Onyeakusi--- The Major Oil Marketers Association of Nigeria, MOMAN, has said that the Federal Government lacks the capacity to spend N6 trillion this year as subsidy on…