Archives for ENERGY - Page 55
Nigeria earned $997.1bn from oil sales in 27 years –OPEC
The Organisation of Petroleum Exporting Countries (OPEC), has disclosed that Nigeria earned $ billion in 27 years (1990-2017) from the sale of crude oil. Prorated over the 27-year period, which…
Oil price: Experts dismiss gains as subsidy nears N200bn
After the international crude oil benchmark, Brent advanced above $70 as the PUNCH reported earlier in the month, industry experts see meagre benefits as subsidy payments gulp revenues. The Federal Account Allocation…
Technology, very germane to Nigeria’s competitiveness in oil market – Seplat CEO
Srplat logo Technology will play a key role in ensuring Nigeria stays cost competitive in today’s oil market, Mr. Roger Brown, Chief Executive Officer of Seplat Plc, has said. The…
NLNG signs Sales and Purchase Agreements to supply domestic LNG
Nigeria LNG Limited (NLNG) has signed 10-year LNG Sales and Purchase Agreements (SPAs) with three offtakers for the domestic supply of Liquified Natural Gas (LNG) in country. The Company will…
NLNG Signs GMoU To Drive Sustainable Community Development In Rivers State
Nigeria LNG Limited (NLNG) has signed Global Memoranda of Understanding (GMoU) with host communities that enable the communities to take ownership and drive sustainable community development with the active support…
NLNG Commissions Ultra-Modern, Smart Head Office In Port Harcourt
L-R: King of Bonny, His Majesty, King Edward Asimini William Dappa Pepple III, JP, CON Perekule XI, Amanyanabo & Natural Ruler of Grand Bonny Kingdom; NLNG’s Deputy MD, Sadeeq Mai-Bornu;…
N120b petrol subsidy to double as CBN adjusts exchange rate
As the Central Bank of Nigeria (CBN) signals a subtle harmonisation of exchange rates with the removal of N379/$1 official rate from its website, all is set for labour unions…
Petrol imports rises by 100 million litres in 2021 January – NNPC
Latest figures in the financial and operations report of the Nigerian National Petroleum Corporation have shown that the imports of Premium Motor Spirit (or petrol) by the NNPC rose by…
Petrol price to increase as PEF hikes transporters margin
Nigerians should expect an increase in the pump price of Premium Motor Spirt (PMS), popularly called petrol anytime soon as the Petroleum Equalisation Fund(PEF), has concluded plans to increase petroleum…
Economic Council Urges Buhari To Remove Petrol Subsidy
the President, Major General Muhammadu Buhari (retd.), to remove subsidy on petrol and adopt a pricing regime that reflects the cost of the commodity, The PUNCH reports. Buhari had in…
