11 Discos pocket N597bn in 2022—NERC
The 11 electricity distribution companies earned about N597bn on electricity sales within the space of 12 months, according to data obtained from the Nigerian Electricity Regulatory Commission (NERC). The NERC data showed that revenue from energy sales by Disco was…
Discos’ tariff hike didn’t follow MYTO due process—NECAN
Following the quiet increment in electricity tariff by the 11 power Discos, wide condemnations have continued to rise against the ambush of unsuspecting Nigerian electricity consumers. Reacting to the development in an interview, the Chairman, Nigeria Electricity Consumer Advocacy Network…
Programming fuel subsidy to end in another administration wicked—Expert
Whereas the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has said that the Federal Government was borrowing money to fund petrol subsidies, a social affairs commentator, Dr Ken Igboanugo has argued that programming end to fuel subsidy…
Security agents’ extortion, brutality forcing NUPENG to go on strike
Worsening fuel scarcity may persist nationwide if security agents are not cautioned to stop their brutality and extortions on tanker drivers along the highways in the country. Otherwise, drivers’ Branch of National Union of Petroleum and Natural Gas Workers, (PTD–…
$2.8bn: How Chevron ended 2022 securing heavy funding access for operations
To start with, Chevron Nigeria Limited (CNL) is one of the largest oil producers in Nigeria and one of its largest investors. It operates under a joint-venture arrangement with the Nigerian National Petroleum Corporation (NNPC) for the onshore and offshore…
A short look at Chevron’s stake on Nigeria’s Gas Sector
Chevron Nigeria Limited (CNL), a leading joint venture operator with the Federal Government via the NNPC, is involved in natural gas projects in the Western Niger Delta and Escravos areas, including the Escravos Gas Plant (EGP), the Escravos Gas-to-Liquids (EGTL)…
Brief 2023 Energy Industry Projections for Nigeria
As 2022, declared by President Muhammadu Buhari as Nigeria Year of Gas fades away without any meaningful stride in gas industry, in their projections for the future, Nigerian energy experts believe that the Petroleum Industry Act (PIA) has created opportunities…
How political will killed Nigeria, China $23bn deal for three refineries in 2010
Earlier in May 2010, the Nigeria National Petroleum Corp (NNPC) and China State Construction Engineering Corporation (CSCEC) signed a $23bn (£16bn; 18bn euros) deal to build three refineries. The two will jointly seek financing and credits from Chinese authorities and…
NCDMB Commissions Hydroserve Facilities, hails Corporate Growth
The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote recently performed the commissioning of Hydroserve Oil Services Limited’s workshop and operational base in Rivers State, with high praise for the company’s growth trajectory…
How deregulation confusion is using LPG, Kerosene to kill Nigerians
The inability of the Federal Government to take a definite business decision in oil and gas even in the so called presence of Petroleum Industry Act (PIA) has continued to create havoc for the domestic economy. According to the passed…
