The acting Managing Director of the Eko Electricity Distribution Company, Mrs Rekhiat Momoh, disclosed that the company was being owed N144 billion by ministries, departments and agencies in its area of operation. Momoh announced this on Tuesday when the House of Representatives Committee on Privatisation and Commercialisation visited the company in Lagos. According to Momoh,…
Against the backdrop of escalating cost of doing business oil marketers have started pushing for a reduction in the pump price of diesel to N700 per litre to help improve the distribution of petroleum products across the country.The President of the Natural Oil and Gas Suppliers Association of Nigeria (NOGASA), Mr. Benneth Korie Doi, yesterday in…
No fewer than 72 illegal crude oil refining sites were uncovered in the past week, the Nigerian National Petroleum Company Limited disclosed in a video report. The 72 illegal refineries were reportedly discovered and destroyed in Rivers, Delta and Abia states. On August 18, a vessel was said to have been arrested by men of…
A media entrepreneur, Prince Nduka Obaigbena has called on journalists to prepare for Artificial Intelligence if they want to remain relevant and in business. Prince Obaigbena, who is the Chairman of the THISDAY/Arise Media Group, made the call in a keynote address at this year’s Lateef Jakande Annual Memorial Lecture organised by the Nigerian Guild…
The Petroleum Technology Association of Nigeria, PETAN, is seeking partnership with the Abia State Government, under a joint venture model, to operate some potential upstream marginal fields in the state. PETAN’s Chairman, Engr. Wole Ogunsanya, made the proposal when he led his Executive team on a courtesy visit to Governor Alex Utti in Umuahia, Abia…
The National Association of Energy Correspondents, NAEC, has called on the Federal Government and stakeholders in the energy sector to create an enabling environment for gas development and innovation of Gas technologies in Africa. NAEC’s Chaiman, Ugochukwu Amadi, made the call in Abuja at the Africa Gas Innovation Summit (AGIS) 2024, with the theme “Igniting…
Nigeria’s rich Oil and Gas reserve is a lucrative investment opportunity which both local and international investors should take advantage of. The Chief Executive Officer, Upstream Regulatory Petroleum Commission, NUPRC, Mr. Gbenga Komolafe, stated this at the “Nigerian 2024 Licencing Round Pre Bid Conference in Lagos. Mr Komolafe was optimistic that the exercise would unlock…
Nigeria has signed the Samoa Agreement as a member of the Organisation of Africa, Caribbean, and Pacific States (OACPS) . The partnership agreement which is between the EU and its Member States, on one hand, and the members of the OACPS on the other, was signed in Brussels, Belgium. The Minister of Information and National…
Minister of State Petroleum Resources (Gas), Mr. Ekperikpe Ekpo, has visited the site of the gas explosion at Ita Oshin in Abeokuta, Ogun State, where there was a loss of life and destruction of property, as a truck conveying CNG, which experienced brake failure, crashed into the road barricade and the truck head went up…
Oando Plc says its attention has been drawn to recent allegations on social and digital media, levelled against the company of being a shareholder, and its Principals of being Board members, in a Maltese company, Ras Hanzir Oil Terminal Limited that operates an oil storage and blending facility, and is purportedly responsible for importing adulterated…
