Archives for ENERGY - Page 68
Meter Manufacturing Firm Urges CBN On Funding Support
One of the licensed meter manufacturing companies in the country, Momas Electricity Meter Manufacturing Company Ltd. (MEMMCOL), on Thursday urged the Central Bank of Nigeria (CBN) to create…
Oil Price declines As U.S Crude Production Hits Record
Oil prices dipped on Thursday, plunged following weakening factory output in China and Japan and record United States crude output, although markets remained relatively well supported by…
Oil, Gas Sector Offers Nigeria $48 Billion Investment Opportunities — Baru
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru says that over 48 billion dollars investment opportunities are in the Nigerian oil and…
Oil Slips Away From 2019 Highs As Surging US Supply Undermines OPEC Cuts
Oil prices slipped away from 2019 highs on Wednesday, with surging supply and slowing economic growth tempering upward pressure from supply cuts led by producer club…
IPMAN Ignores Directive To Sell Petrol At N140 pet Litre
By Ngozi Onyeakusi --- The leadership of Independent Petroleum Marketers Association of Nigeria, IPMAN, has dismissed media report that it had directed its members to sell petrol…
Benue Is NNPC’S Next Oil Driling Destination, Says Buhari
President Muhammadu Buhari has announced that the Nigerian National Petroleum Corporation, NNPC, will soon commence drilling for a deeper search for oil and gas in the Benue…
Oil Prices Rise On Saudi Cuts To US, Venezuela Struggles To Keep Up Exports
Oil prices rose for a third day on Thursday pushed up by lower imports into the United States amid OPEC efforts to tighten the market as well as…
Power supply back in Igbokoda as Osinbajo commissions BEDC, NDPHC restoration project
Residents of Igbokoda in Ilaje Ese Odo local government in Ondo South senatorial zone who have resigned their fate to living without electricity for the past five…
NNPC Strikes $8.441 Billion Joint Venture Deals With SEEPCO, Shell, Agip, Others To Develop Oil Leases, Boosts Gas Production
In an effort to further consolidate the revenue profile of the Nigeria National Petroleum Corporation (NNPC), the Group Managing Director (GMD) Dr. Maikanti Baru and his management…
Stop attacks against BEDC, 46 CSOs warn
By Ngozi Onyeakusi --- Against the backdrop of incessant hostility mounted on its operation, electricity consumers in Edo State, especially those hiding under the cover of civil rights…
