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Environment & Oil &gas
Aba gets 24/7 electricity as Otti commissions 188 MW Geometric Power plant Monday, Feb 26
Joseph Irikefe
Aba, the commercial cum industrial capital of the South East and Africa’s largest MSE hub would soon be enjoying 24/7 electricity supply as Geomatric Power Company commences electricity generation and…
FG: Port Harcourt refinery to start producing 2.2m litres of diesel
Joseph Irikefe
The Federal Government has announced that the Port-Harcourt Refinery is gearing up to start generating two million litres of Premium Motor Spirit (petrol) and 2.2 million litres of diesel daily.
Mr.…
NECA, Oil marketers: Shun pride, review fuel subsidy removal, flotation of naira
The Nigeria Employers’ Consultative Association (NECA) has advised the Federal Government to eschew pride and review the removal of fuel subsidy and the floating of the naira, warning of looming unemployment crisis, particularly…
Fuel price hits N1,000/liter in black market as fuel queues return at filling stations
Maureen Aguta
Black market racketeers are currently taking advantage of the few day’s strike actions by tanker drivers, as the price of Premium Motor Spirit popularly known as petrol skyrocketed, hitting ₦1000…
Fuel scarcity looms as tanker owners withdraw vehicles today
Maureen Aguta
Tanker owners have said they will halt the transportation of petroleum products starting today (Monday), raising the fear of another fuel scarcity in the country.
Speaking under the aegis of the Nigerian Association…
Truck Owners set to stop lifting petrol Monday
Joseph Irikefe
The Nigerian Association of Road Transport Owners (NARTO) has vowed to suspend operations on Monday.
Its National President, Alhaji Yusuf Lawal Othman, made this known in a press statement he issued…
Power outage: FG’s N3trn debt to Gas firms, Discos frustrating power supply nationwide
Joseph Irikefe
Facts on the observed poor power supply nationwide have emerged. The Federal Government has stated that the inability to pay over N3 trillion it owes gas companies and electricity generating companies is…
Petrol subsidy nears N1trn monthly, bigger than when Tinubu came–Report
Maureen Aguta
Nigeria’s petrol subsidy has returned and is now bigger than the amount being paid before President Bola Tinubu stopped the costly practice last May.
BusinessDay’s analysis has revealed that the…
Petroleum Regulatory Commission to relocate key departments to Lagos
Joseph Irikefe
The .Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is set to relocate some of its units to Lagos
This is contained in a memo signed by Dr Kelechi Ofoegbu, on behalf of the commission, and…
As queue resurfaces at Lagos filling stations, NNPCL says no plan to increase petrol price
Maureen Aguta
The Nigerian National Petroleum Company Limited on Thursday said it was not planning to increase the cost of Premium Motor Spirit, known as petrol. The NNPCL in a statement by its Chief Corporate…