The Niger Delta Development Commission (NDDC) and the Nigeria Liquefied Natural Gas (NLNG) are set to sign a Memorandum of Understanding (MoU) in furtherance of their efforts to drive sustainable development in the Niger Delta region. The NDDC Director, Corporate Affairs, Dr. Ibitoye Abosede, in a statement, quoted the commission’s Managing Director of the NDDC, Dr. […]
The World Bank President, Ajay Banga, will begin a three-day visit to Nigeria on August 3 as part of his global tour schedule that is at the centre of a mission to write a new playbook for the 78-year-old institution. During the visit to the country, the development finance banker will focus on identifying opportunities […]
….As diesel price rises by 11.18% The Premium Motor Spirit (Petrol) Price Watch (June 2023) published by the National Bureau of Statistics NBS) on Wednesday, July 26, showed that the average retail price paid by consumers for Premium Motor Spirit (Petrol) in June 2023 was N545.83, indicating an increase of 210.31% relative to the N175.89 […]
…..As Household Kerosene price rises by 2.49% The National Bureau of Statistics (NBS) on Wednesday reported that consumers paid less for Liquefied Petroleum Gas (Cooking Gas) in the month of June, despite the surging inflation rate recorded in the month. The Bureau, in its ‘Liquefied Petroleum Gas (Cooking Gas) Price Watch (June 2023)’ reported that […]
….says industry needs $12.1trn investment to meet demand The Organization of Petroleum Exporting Countries (OPEC) has predicted that global energy needs will continue to increase given the expected growth in the world economy and population over the years ahead and estimated that energy demand would increase by 23% in 2045. The Secretary General of the […]
Retired workers in the country under the aegis of the Nigeria Union of Pensioners (NUP) have appealed to the Federal Government to include them as beneficiaries of the proposed palliatives to cushion the economic hardships of the removal of fuel subsidy. The President of the group, Mr. Godwin Abumisi, who commended the government on the […]
Petroleum products distributors under the aegis of the Association of Distributors and Transporters of Petroleum Products (ADITOP), has opposed the alleged increase of truck loading fees for petrol by the Petroleum Tanker Drivers Association (PTD) as the headwinds in the downstream market remained unabated The National President of the association, Alhaji Lawal Dan-Zaki, in a statement in […]
Ogun State Government has commenced the process of converting fossil-powered vehicles to Compressed Natural Gas (CNG) powered in furtherance of its E-Mobility and Gas Mobility Programme. The programme involves the conversion of mass transit buses from fuel to gas and tricycles and motorcycles to electric. To transform the plan into reality, a team of technical […]
The International Energy Agency (IEA) has charged global leaders on the need to address emissions from gas supplies, in spite of natural gas increasing roles in rapidly growing world’s energy markets. The Executive Director of the global organization, Fatih Birol, gave this charge during the July 18 LNG Producer-Consumer Conference which held in Tokyo, Japan. […]
The Independent Marketers Association of Nigeria (IPMAN) has linked the latest upward review of petrol pump price by oil marketers nationwide to the recent increase in crude oil prices at the international market and other domestic fiscal and monetary policy factors. The association’s National Operations Controller, Mr. Mike Osatuyi, who was quoted as making this […]