By Temidayo Joshua Nigeria’s power sector has continued to suffer setbacks in the last seven months with the loss of about N377.6 billion due to problems associated with the gas supply, and grid infrastructure challenges, as average energy generated hovered at 3,707MW. This further reiterates the call for the gas-to-power[Read More…]
By Temidayo Joshua A recent report has indicated that Nigeria lost $779.9million in six months, as oil and gas companies operating in the country flared 222.8 billion standard cubic feet (bscf) of gas from January to June 2020, from the Federal Government’s gas flare tracker. Using the Central Bank of[Read More…]
Eni considers that the Public Prosecutor’s requests for conviction of the Company, its former and current CEOs and the managers involved in the Opl245 proceeding are completely groundless. In a statement, Eni said during its indictment, in the absence of any evidence or tangible reference to the contents of the[Read More…]
The Speaker of the House of Representatives, Femi Gbajabiamila, has given the Minister of Niger Delta Affairs, Godswill Akpabio, 48 hours to name the lawmakers who received contracts from the Niger Delta Development Commission. Akpabio had said before a House committee on Monday said that 60 per cent of the[Read More…]
By Olatunde Dodondawa The Petroleum Products Pricing Regulatory Agency (PPPRA) says full deregulation of the downstream oil and gas sector will help force down price of Premium Motor Spirit (PMS) otherwise called petrol. In a statement signed by its Executive Secretary, Mr Saidu Abdulkadir in Abuja, on Sunday, PPPRA attributed[Read More…]
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