Archives for ENERGY - Page 38
Nigerian Oil & Gas Sector Records $5bn investments in 5 yearsÂ
NNPC logo The Nigeria’s oil and gas industry has recorded $3 billion investment in five years. This was disclosed by the Managing Director of the Nigerian National Petroleum Corporation…
FG implements cooking gas imports tax, price jumps by 100%
The Federal Government has implemented a per cent tax on imported Liquefied Petroleum Gas, popularly called cooking gas, as the cost of the commodity leap by over…
NNPC pegs 2022 base oil price at $57/barrelÂ
NNPC logo The Nigerian National Petroleum Corporation on Wednesday provided a base crude oil price scenario in the medium term, stating that the commodity was pegged at $57/barrel…
PIA: Individuals can acquire stake in NNPC —KyariÂ
NNPC logo There is provision in the Petroleum Industry Act that gives room for individuals to acquire stakes in the new Nigerian National Petroleum Company Limited, the Group…
Seplat, Dr. Orjiako win global awards for outstanding indigenous performance
Seplat logo By Ngozi Onyeakusi---Seplat Energy Plc and its Board Chairman, Dr. ABC Orjiako have emerged winners at the Energy & Corporate Africa Leadership Award Night/Dinner held last…
NNPC, others partner for 50MW Maiduguri power projectÂ
NNPC logo NNPC, others have partnered for 50MW Maiduguri power project – A step towards redeeming the pledge by the Nigerian National Petroleum Corporation (NNPC) to intervene in the…
Outrage over Buhari’s signing of PIB *President insensitive – PANDEF
The quests for oil in the Northern region and other parts of the country have received a significant boost with the signing of the Petroleum Industry Bill 2021 into…
NNPC records N43.57bn trading surplus in April
NNPC logo The Nigerian National Petroleum Corporation has recorded a trading surplus of in April 2021. This showed a per cent increase when compared with the surplus posted in the…
Petrol landing cost rises to N249/litre, deregulation remains uncertain
Drums of oil The landing cost of Premium Motor Spirit (petrol) imported into the country has increased to a new high of per litre on the back of high global…
Nigeria lost N53.26bn to gas flaring in two months – NNPC
NNPC logo Nigeria lost an estimated in the first two months of this year as international oil companies and local players flared a total of billion standard cubic feet of…