News

Nigeria's Buhari Says No Going Back on Subsidy Removal

Nigeria’s President Muhammadu Buhari on Monday reiterated that the country was not going back on the cancellation of the subsidy regime that has plagued the petroleum sector for a long time.

 

Read More

Meter Manufacturers Ask to Review Levies on Imported Finished Electricity Meters

Following President Muhammadu Buhari’s approval of one-year deferment of the 35 percent import levy on electricity meters to help improve Nigeria’s electricity meter deficit, the Electricity Meter Manufacturers Association of Nigeria (EMMAN) has asked the Federal Government to review

Read More

NNPC Says Local Content Major Consideration for Lifting Nigerian Crude Grades

The Nigerian National Petroleum Corporation (NNPC) has said that compliance with Nigerian Content Act would be a major consideration in the selection of applicants to lift Nigerian crude oil.

Read More

PDP Rejects N151 Price, N66 Electricity Tariff Hike

The Peoples Democratic Party (PDP) has rejected the recent increase in the price of fuel to N151 per liter and electricity tariff to N66 per kwh under the All Progressives Congress (APC) and its government, saying it is callous, cruel, and punishing.

Read More

Nigerians to Pay more for Petrol as FG Raises Price from N138 to N151 Per Litre

Nigerians already reeling from the Covid-induced economic downturn now have an additional burden to contend with as the Petroleum Products Marketing Company (PPMC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), has increased the ex-depot price of Premium Motor Sp

Read More

NLC Vows to Resist Increase in Electricity Tariff by Abuja DisCo

The Nigerian Labour Congress (NLC) has vowed to mobilise Nigerian workers to resist the increase in electricity tariff by the Abuja Electricity Distribution Company (AEDC), effective from September 1, describing it is an adamant desire by the Electricity Distribution Companies (DISCOs

Read More

Abuja DisCo Begins Implementation of New Service-Based ElectricityTariff

Abuja Electricity Distribution Company (AEDC) says it has started implementing the new Service-Reflective Tariff Plan (SRT) across its franchise area from Tuesday, September 1.

Read More

Africa Needs a Strategy for Successful Energy Transition- Experts

Although it has 8 percent of the global population, Africa ranks the lowest in terms of per capita electricity access hence experts are calling for a sustainable strategy to manage energy transition across the continent.

Read More

How Nigeria Plans to Increase Bi-fuel Vehicles Count on Roads

The Federal Ministry of Petroleum Resources is fiddling with an ambitious programme that aims to increase the number of bi-fuel vehicles on Nigerian roads as a component of the National Gas Expansion Programme (NGEP).

Read More

Three Reasons Why Nigeria Should not Expect an Oil Rally Soon

Nigeria, like other oil-producing countries, is suffering from the double whammy of the coronavirus-related economic slowdown and the oil price crash and a rally may not be here soon for three reasons.

Read More