Price of cooking gas rises marginally – NBS

Agency ReportSeptember 14, 2018

NBS

The National Bureau of Statistics (NBS) said the average cost of refilling a five kilogramme (kg) cylinder of Liquefied Petroleum Gas (Cooking Gas) increased to N2,05.14 in August from N2,01.45 recorded in July. The NBS disclosed this in its August 2018 “Liquefied Petroleum Gas (Cooking Gas) Price Watch” released in Abuja on Friday. According to […]

Nigeria electricity workers union seeks review of power privatisation

Temitayo AyetotoAugust 8, 2018

Electricity

The Nigeria Union of Electricity Employees (NUEE) has asked the federal government to review the privatization of the country’s power sector, saying the investors in the sector have engaged in sundry excesses including arbitrary dismissal of workers without consultations with the union, poor welfare, uneven salary structure, adoption of anti-labour policies and frustration of the […]

Nigeria’s president Buhari charged DISCOs on electricity

Businessam StaffMay 29, 2018

Muhammadu Buhari, Nigeria’s President said Tuesday that his administration is committed to lawful interventions to ensure that operators in the business of electricity distribution, the DISCOs, live up to expectations of Nigerians. The President stated this in his broadcast to the nation to mark the 19th year of Nigeria’s nascent democracy and the 3rd anniversary […]

Nigeria’s economic council doubts state oil firm, monitors petrol lifting

Businessam StaffMay 17, 2018

The doubt over the quantity of daily petrol consumption in Nigeria has prompted a decision to effect the closure of filling stations that are 10 kilometres on the border to monitor actual consumption. The Sub-Committee of the National Economic Council (NEC) on Remittance to Federation Account on Wednesday directed that the filling stations be closed […]

NNPC, Osun govt. partner on renewable energy to explore agricultural potential

Businessam StaffApril 26, 2018

The management of the Nigerian National Petroleum Corporation (NNPC) said Thursday that it will partner Osun state government on renewable energy development, which is aimed at linking the energy and agriculture sector through the commercial production of bio-fuel from selected energy crops like cassava, sugar cane, and oil palm. Clara Eminike, the General Manager, Joint […]

Nigeria’s state oil company partners Enugu govt to restore oil depot

Goddey OdinMarch 26, 2018

The Nigerian National Petroleum Corporation (NNPC) said it is collaborating with Enugu state government to revamp the strategic oil depot in the state so as to meet up with the demand of petroleum products in the entire South-East region of the country. Maikanti Baru, the Corporation’s group managing director made this known during a courtesy […]

Nigeria state oil company set to go paperless for effective operation- Baru

Businessam StaffMarch 20, 2018

Nigeria state oil company is going paperless in its operations within the shortest possible time, the group managing director said Monday. This was disclosed during the inauguration of two committees: The Systems Applications and Products (SAP) Steering Committee (SC) and Group Process Council (GPC), in Abuja. Maikanti Baru, the MD of Nigerian National Petroleum Corporation […]

Nigeria state oil company vows to rejuvenate nation’s refineries to optimal capacities

Businessam StaffMarch 19, 2018

The Nigerian National Petroleum Corporation (NNPC) said Sunday that it would not relent in its quest to get the nation’s four refineries back to their optimal, nameplate capacities. Maikanti Baru, the corporation’s group managing director said this shortly after receiving this year’s Man of the Year Award from Nigerian NewsDirect, a Lagos-based daily publication, in […]