30 C
Lagos, Nigeria
Tuesday, January 16, 2018

2 Chinese firms build subsea pipeline for Dangote Refinery

Two Chinese companies have held a groundbreaking ceremony to start the construction of a subsea pipeline installation for Dangote Oil Refining Company Limited in...

‘We Have Enough Petrol’, NNPC Cautions Motorists Against Panic Buying

The Nigerian National Petroleum Corporation (NNPC) on Thursday in Abuja urged motorists not to engage in panic buying of any petroleum products. A statement by...

DPR seals three filling stations in Epe, Ibeju Lekki

The Department of Petroleum Resources (DPR) on Wednesday sealed three  filling stations in Ibeju Lekki and Epe in Lagos for hoarding fuel and selling...
A view shows the French oil giant Total refinery in Donges, France, November 21, 2017. REUTERS/Stephane Mahe

Oil rises to mid-2015 high in strongest year opening since 2014

Oil prices had their highest January opening since 2014 on Tuesday, with Brent and WTI crude prices rising to mid-2015 highs, supported by ongoing...

Oil marketers deny owing NNPC N26.7bn

The Depot and Petroleum Products Marketers Association, DAPPMA, has denied owing the Nigerian National Petroleum Corporation, NNPC, N26.7 billion for fuel supplied. Meanwhile, in a...

NNPC accuses oil marketers of distorting facts about fuel scarcity

The Nigerian National Petroleum Corporation, NNPC, yesterday, accused oil marketers, under the aegis of Depot and Petroleum Products Marketers Association, DAPPMA, of distorting the...

Egbin Power targets sustained expansion, unveils second Sustainability Report

Egbin Power Plc, the largest privately owned thermal power generation plant in Sub-Saharan Africa has restated its commitment to sustained operational growth in the...

Electricity restored in Kwara LG secretariat after 3 years

Jubilation erupted in Omu-Aran, Kwara, on Thursday as electricity supply to Irepodun Local Government Secretariat was restored after three years outage. The News Agency of...

Our Minimum Target For 2018 To Deliver All Available 7, 000mw To Nigerians –...

The Managing Director, Niger Delta Power Holding Company (NDPHC), Engr Chiedu Ugbo has stated that the agency is working in collaboration with other stakeholders...

Concessionaire Injects N9.6bn To Overhaul 80mw Kainji Power Turbine

Concessionaire of Kainji and Jebba Hydro Electric plants, Mainstream Energy Solutions Limited (MESL), has injected a fresh $26 million (about N9.360 billion) into the...

FG to commission 8 new power plants – Fashola

…‘Additional 1,129mw expected in 2018’ The Minister of Power, Works and Housing, Mr Babatunde Fashola, has said about 1,129 megawatts (mw) of electricity will be...

Oil prices jump above $65

Brent crude oil prices jumped above $65 per barrel after the shutdown of the Forties North Sea pipeline knocked out significant supplies from a...

Baru in Presidential Villa over fuel scarcity

The Group Managing Director of Nigeria National Petroleum Corporation (NNPC), Maikanti Baru was on Monday sighted leaving the Presidential Villa at about noon. No official...

NLC tackles Buhari over fuel scarcity

As fuel scarcity persists in Abuja, Lagos and other parts of the country, the Nigeria Labour Congress (NLC) condemned the avoidable pain and suffering...

FG initiates three-pronged strategy to end fuel crisis

THE Federal Government, yesterday, said it is has initiated a three-pronged strategy to address the fuel crisis currently witnessed across the country, stating that...

Electricity workers mocks Power sector privatization

FOUR years after the sale of Power Holding Company of Nigeria, PHCN, the National Union of Electricity Employees, NUEE, has declared that the privatization has...

Fuel scarcity worsens as NUPENG blames cabal

THE Federal Government yesterday gave the Minister of State for Petroleum, Ibe Kachikwu, and the Group Managing Director, GMD of the Nigeria National Petroleum...

No plan to hike fuel price, says NNPC

For the umpteenth time, the Nigerian National Petroleum Corporation (NNPC) yesterday dispelled rumours that it was tinkering with the idea of hiking the prices of...

Oando crisis: Shareholders demand Minister’s sack

South South Coordinator of Oando Shareholders Solidarity Group (OSSG), Mr. Clement Ebitimi, has called on President Muhammadu Buhari, to sack the Minister of Finance, Kemi...

Union laments FG’s inability to pay electricity workers disengaged 4 years ago

The National Union of Electricity Employees ( NUEE) on Monday cried out that up to 1,000 electricity workers disengaged from service four years ago...