Archives for ENERGY - Page 37
NNPCL, Afreximbank seal $3bn crude repayment deal to redeem Naira
NNPCL logo The Federal Government secured a reprieve for the tumbling Naira on Wednesday, with the Nigerian National Petroleum Company Limited (NNPCL) and Afreximbank jointly signing a commitment letter and term…
Diesel price hits N950/litre, manufacturers fear shutdowns, job losses
Diesel illustration Oil marketers, on Monday, said the foreign exchange crisis in Nigeria and the recent implementation of a percent Value Added Tax on Automotive Gas Oil, popularly called diesel,…
Nigeria’s Crude Oil Underproduction Losses Hit N6.8tn in Seven Months
Drums of oil Nigeria’s inability to ramp up production to meet the Organisation of Petroleum Exporting Countries (OPEC) output quota cost the country a gross loss of about trillion in…
Forex crisis: Marketers propose N720/litre, suspend fuel imports
Drums of oil Oil marketers, on Sunday, indicated that the cost of Premium Motor Spirit, popularly called petrol, would rise to between N680/litre and N720/litre in the coming weeks should…
NCDMB seeks corporate governance for indigenous oil firms
Executive Secretary NCDMB The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Simbi Kesiye Wabote, says indigenous oil and gas companies must inculcate the principles of corporate governance in their operations…
NLNG holds second digital communication skills workshop for journalists
By Ngozi Onyeakusi---Nigeria LNG Limited has completed the second edition of its highly impactful 2023 #NLNGChangeYourStory workshop, aimed at equipping journalists with cutting-edge digital communication and social media skills. From…
Electricity Consumers Pay N243bn As Generation Records 4,334MW
By Ngozi Onyeakusi---Electricity Consumers paid billion for in the first quarter of 2023, an increase of percent compared to billion paid in the fourth quarter of 2022. The latest report…
Local Content: NCDMB Espouses Benefits Of Insurance Industry Collaboration
Executive Secretary NCDMB The Nigeria Content Development Monitoring Board, NCDMB, has craved the understanding and support of the insurance sector to strengthen the Boards desire towards the implementation of the…
Eleven in contention for $100,000 Nigeria Prize for Literature
By Ngozi Onyeakusi---The Advisory Board for The Nigeria Prize for Literature today announced the longlist of 11 drawn from 143 plays in the running for the 2023 edition of…
Local Content Board Issues Policy On In-Country Manufacturing
Executive Secretary NCDMB By Ngozi Onyeakusi---The Nigerian Content Development and Monitoring Board (NCDMB) has resolved to issue policy directives on in-country manufacturing capabilities of pumps, flanges, valves, and other major…
