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NERC may revoke Discos licenses over unpaid fines, delays in metering households

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If the regulator, the Nigerian Electricity Regulatory Commission (NERC) put paid to its threat on revoking the licenses of some erring Electricity Distribution companies in the ears of non compliance ...

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Scarcity looms as NUPENG begins warning strike today


Due to the inability of the federal government to meet up with the demands of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), the body will today begin ...

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Refineries on 60% delivery as NNPC begins backward integration in fuel imports


The Nigerian National Petroleum Corporation (NNPC) said it is reducing products importation as it continues to grow local capacity production which has gone up to 60%. The Group Managing Director ...

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Strong compliance to supply cut working to keep oil price stable—Goldman Sachs

Efforts of the Organization of Oil Exporting Countries (OPEC) and non-members to calibrate global oil supply in a way prices should remain stable on a rising spree may be sustained, ...

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Exploration activities in Gongola Basin’ll expand nation’s oil resource base—NNPC


The Nigerian National Petroleum Corporation (NNPC) has explained why it has kick started exploration on the Gongola Basin.  The target is to expand the nation’s revenue base. Group managing director ...

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IRP report lists 12 ways to use natural resources more efficiently, improve economy

The International Resource Panel (IRP) has called for a major overhaul of the global food system to enable the globe combat hunger, use natural resources more efficiently and stem environmental ...

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FG in secret plot to cut off BPP, due process in award of $800m power contract to US firm

PREMIUM TIMES has authoritatively sighted a document that tends to show that the federal government is closing in on awarding a contract to overhaul high-voltage transmission lines across the country ...

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Expert explains rising cost of gas, impacts on manufacturing

Leading player in the oil and gas sector and Managing Director of Falcon Petroleum Limited, Prof. Joseph Ezigbo has disclosed that the key reason behind the galloping price of gas  ...

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Insurgency caused Adamawa over $9bn, crashed IGR from N1bn to N200m—SSG

Technology tactician and Secretary to the Adamawa State Government, Dr. Umar Bindir, has revealed that over three years insurgency driven by Boko Haram caused the state over $9bn. In an ...

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Ewing, new Chevron Nigeria’s boss resumes in Lagos


It was pump at Lagos head office of leading oil major, Chevron Nigeria Limited (CNL), operator of the joint venture between the Nigerian National Petroleum Corporation (NNPC) and CNL as ...

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