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Consumers Buy Kerosene Cheaper In January, As Diesel Price Surges

The National Bureau of Statistics (NBS) reported on Wednesday that average retail price per litre of Household Kerosene (HHK) paid by consumers in January  was N1,329.53, representing a decline of 2.40% compared to N1,362.27 paid by them in December 2023. The Bureau, in its ‘National Household Kerosene Price Watch (January 2024)’ hoisted on its website, […]

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AfDB Board Approves $10Mn For Africa’s Green Transition Projects

The Board of Directors of the African Development Bank Group (AfDB) has approved the proposal to take an initial stake of up to $10 million in the “Alliance for Green Infrastructure in Africa – Project Development” (AGIA-PD)” Fund as part of its investment supports for successful green transition of African countries. A news report from […]

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FIRS To Parley CBN, Works Ministry On Tax Credit Scheme For Construction Projects

The Federal Inland Revenue Service (FIRS) has unveiled plans to meet with the Central Bank of Nigeria (CBN) and Ministry of Works this Friday with a view to reviewing about N2.59 trillion tax credit scheme for road repairs and construction in the country. The Chairman of the federal revenue service, Dr. Zacch Adedeji, during a […]

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NUPRC Mulls Relocation Of Units To Lagos

Despite the raging controversies over plans by the Central Bank of Nigeria’s (CBN’s) management to relocate some of the bank’s departments to Lagos, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has also hinted of its plans to relocate some of its units from Abuja to Lagos. The commission in an internal memo titled ‘Movement to […]

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FG Sets Up Inter-Ministerial Committee To Tackle Gas Supply Shortfall

The Federal Government has inaugurated an Inter-Ministerial committee from the Ministry of Power and Gas to investigate the root causes of the lingering gas supply shortfall to electricity generation companies (GenCos) and come up with recommendations on how the challenge could be permanently addressed. The initiative was taken following a meeting between the two Ministries […]

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Photo News Of NLNG Managing Director – Mr. Philip Mshelbila – Visits FIRS’ Executive Chairman – Dr. Zacch Adedeji At ‘Revenue House’ In Abuja

Photo Caption The Managing Director, Nigeria Liquefied Natural Gas (NLNG), Mr Philip Mshelbila (left); and Executive Chairman, Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji; when Mshelbila led the NLNG’s management team on a visit to the ‘Revenue House’ in Abuja on Wednesday

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NNPCL Partners U.S, Deloitte To Reduce Greenhouse Gas Emissions

The Nigerian National Petroleum Company Limited (NNPCL), is currently exploring collaborative options with the United States Department of State and leading global consultancy firm, Deloitte, on greenhouse gas emissions from OML 34 with a view to abating the rate. The company’s Chief Corporate Communications Officer, Mr. Olufemi Soneye, stated on Monday that the project, which […]

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Nigeria, Others Benefit From OPEC’s $1.7Bn For Energy Projects In 2023

The Organization of Petroleum Exporting Countries (OPEC) released the sum of $1.7 billion to support 55 projects from its Fund for International Development in 2023, according to a report from the global oil cartel. Aligned with the multilateral development finance institution’s Climate Action Plan, the oil cartel’s support for renewable energy projects constituted nearly 60 […]

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FGN, Morocco Reopen Parley On Nigeria-Morocco Gas Pipeline Project

The Federal Government of Nigeria and the Kingdom of Morocco have reopened their discussions to fast-track the process of achieving the Final Investment Decision (FID) on the Nigeria-Morocco gas pipeline project. The parley took place on the sidelines of a meeting between the Minister of State for Petroleum Resources (Gas), Mr. Ekperikpe Ekpo, and the […]

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TCN Links Low Power Generation To Gas Supply Shortfall

The Transmission Company of Nigeria (TCN) has linked the current drop in power generation into the national grid to gas constraints to the thermal generating companies. The company’s General Manager, Public Affairs, Ndidi Mbah, in a statement issued on Thursday, indicated that the gas supply shortfall had impacted the quantum of bulk power available on […]