The Federal Government has unexpectedly paid National Youth Service Corps (NYSC) members their old monthly allowance of ₦33,000 for September, despite the recently approved increase to ₦77,000. This has left many corps members frustrated and disappointed. The Federal Government officially announced an increase in the NYSC monthly allowance from ₦33,000 to ₦77,000, effective from July…
There are indications that the supply of crude oil in naira by the Nigerian National Petroleum Company Limited to the Dangote Petroleum Refinery which should have started on October 1, 2024, has yet to begin as of Thursday, October 3. Officials at the Dangote refinery and those at the Nigerian Upstream Petroleum Regulatory Commission, Federal…
Petroleum marketers have raised an alarm that the Nigerian National Petroleum Company Limited, NNPCL, portal used for the purchase of Premium Motor Spirit (Petrol) has been shut down against dealers, making it impossible to apply for the commodity.The spokesperson of the Independent Petroleum Marketers Association of Nigeria, Chinedu Ukadike disclosed this in a statement on…
The landing cost of Premium Motor Spirit, popularly called petrol, has dropped to N981/litre, according to data released by the Major Energies Marketers Association of Nigeria on Thursday. The petrol landing cost, around N1,130 in previous weeks, came down by over N140 as of September 25, 2024, occasioned the recent drop in global crude oil…
The Major Energies Marketers Association of Nigeria (MEMAN) says the transition to electric vehicles represents a key strategy for reducing emissions and promoting sustainable energy use, both globally and locally. The Managing Director of SAGLEV, Dr. Sam Faleye, who stated this at the MEMAN quarterly press briefing in Lagos, said Electric vehicles offered numerous advantages,…
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) is worried that after three years of the passage of the Petroleum Industry Act, the provision for host communities in the PIA is yet to be implemented. The act stipulates that 3% of the operational revenue of the oil companies be contributed to the…
In its continued bid to maximise the nation’s abundant gas resources for economic development and prosperity, NNPC Ltd has begun discussions with investors towards bringing back two Liquefied Natural Gas (LNG) projects, Brass and Olokola LNG projects. NNPC Ltd’s Chief Financial Officer (CFO), Mr. Umar Ajiya disclosed this on the sidelines of the ongoing 2024…
Developing nations require huge investment in infrastructure to effectively drive their energy transition. The Managing Director and Chief Executive officer of Nigeria LNG, Dr. Philip Mshelbila, stated this in Houston, USA while speaking at a Global leadership panel on Energy inclusion: Widening access to natural gas and LNG to support the transition to lower -carbon…
Crude Oil Refiners Association of Nigeria has kicked against a move by petroleum marketers to import Premium Motor Spirit (Petrol) despite the availability of Dangote Refinery Petrol.Publicity Secretary of CORAN, Eche Idoko, made this known in a statement condemning the move. His comments come as a report emerged that 141 million liters of PMS are…
