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4 months after notice, Niger, Benin begin payment of electricity debts

dam scheme

Four months after the Nigerian Bulk Electricity Trading (NBET) Plc and the Transmission Company of Nigeria (TCN) jointly sent notice of debts to power firms of the Republics of Benin ...

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Fears as OPEC plans to impose quota on Nigeria, cuts extension for market solidity

OPEC Ibe kachukwu

Even though oil prices have remained on the rising spree, there are strong indications that oil producers may unanimously extend a production cut accord later this month but its duration ...

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Only 5% Nigerians use LPG for cooking, 57% firewood, 27% Kerosene—Report

gas tank

A new report by the Nigerian Liquefied Petroleum Gas Association (NLPGA), has revealed that the ongoing campaign across the nation on the use of Liquefied Petroleum Gas (LPG) for domestic ...

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Chevron lifts Global Fund to fight HIV infections in Nigeria with $5m

Chevron Jeffery Ewing

Chevron Nigeria Limited (CNL), an affiliate of Chevron Corporation (Chevron), has announced disbursement of first tranche US$2.5 million donated by Chevron to the Global Fund to Fight AIDS, Tuberculosis and ...

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Shifting passage of PIB to 2018 is delaying investments in the sector—Analyst

NASS Abuja

The recent argument by the Senate to shift passage of the remaining parts of the segmented Petroleum Industry Bill (PIB) to sometime next year has been viewed by industry experts ...

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Ghana moves to fight abuse of transfer pricing in petroleum sector


The acting Chief Executive Officer of Ghana Petroleum Commission (GPC), Mr. Egbert Faible, has signaled the readiness of the government to make new law criminalizing abuse of transfer pricing in ...

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Shell divested OML 29, therefore it is not for sale— Aiteo Group


Core investor in Oil Mining Lease (OML) 29, Aiteo Group has cried out saying “It has come to our notice that some fraudsters running a reports-for-cash syndicate, about whom we ...

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Diesel scarcity looms even as NNPC refutes fuel queues in December

nnpc truck near nnpc hqs

In the last two weeks, there had been serial scarcity of Diesel at several filling stations in parts of Lagos and South West. Visited stations though had jerked up their ...

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Release N98bn gas flare penalty owed oil communities now, HOSCON tells FG

gas flaring

The leadership of the Host Communities of Nigeria Producing Oil and Gas (HOSCON) on Tuesday, in Abuja gave antidote for peace in the Niger Delta region, saying until the Federal ...

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Another look at preconditions for direct power purchase from Gencos

Power tour

As part of efforts to stop the ongoing rejection of loads by Distribution Companies (Discos) from Generation Companies (Gencos), the federal government has agreed the bulk sales of power direct ...

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