Energy | The Gazette (Nigeria)
Nigerians to Suffer More As NNPC Hikes Pump Price
Key Points NNPC raised the official pump price of petrol in Abuja to N1,030 per litre, marking a 430% increase since the start of the current administration in May 2023.…
Lokpobiri Dennies stopping NNPCL
Key Points Minister of State for Petroleum Resources, Sen. Heineken Lokpobiri, denied directing NNPCL to cease refinery operations, clarifying that NNPCL operates independently under the Companies and Allied Matters Act…
Federal Government Unveils 64 CNG-Powered Buses to Support Labour and Students
Key Points The federal government has handed over 64 CNG-Powered Buses to organised labour and student bodies in Abuja, aimed at reducing transportation costs and fighting inflation. Finance Minister Wale…
Possible Tariff Hike Looms for Band A Electricity Customers Amid Rising Subsidy Shortfall
Key Points Band A electricity customers, who receive at least 20 hours of power daily, may face another tariff hike as the Federal Government’s electricity subsidy shortfall rises to N181.63…
Vandals Destroy Two Electricity Towers on Damaturu-Maiduguri Line, Disrupting Power Supply
Key Points Vandals have destroyed two electricity towers (T193 and T194) along the Damaturu-Maiduguri 330kV transmission line, marking the third attack on this line in recent months. The Transmission Company…
Transparency Lacking in Oil Sector; Appropriate Petrol Pricing Remains Elusive, Says Prof. Iledare
Key Points Lack of Transparency: Prof. Wunmi Iledare highlights severe opacity in Nigeria’s oil sector, which hinders fair petrol pricing. Sector Critique: He criticizes the current leadership’s transactional approach and…
October 9, 2024
Nigerians to Suffer More As NNPC Hikes Pump Price
Key Points NNPC raised the official pump price of petrol in Abuja to N1,030 per litre, marking a 430% increase since the start of the current administration in May 2023.…
October 9, 2024
Lokpobiri Dennies stopping NNPCL
Key Points Minister of State for Petroleum Resources, Sen. Heineken Lokpobiri, denied directing NNPCL to cease refinery operations, clarifying that NNPCL operates independently under the Companies and Allied Matters Act…
October 1, 2024
Federal Government Unveils 64 CNG-Powered Buses to Support Labour and Students
Key Points The federal government has handed over 64 CNG-Powered Buses to organised labour and student bodies in Abuja, aimed at reducing transportation costs and fighting inflation. Finance Minister Wale…
September 26, 2024
Nigerian Government Remains Neutral Amid NNPC and Dangote Refinery Controversy
Key Points The Nigerian government, through Special Adviser Bayo Onanuga, has stated it will not intervene in the controversy between NNPC Ltd. and Dangote Refinery, emphasising both companies operate independently…
September 26, 2024
Shettima Welcomes ExxonMobil’s Bold $10 Billion Investment Boost in Nigeria’s Oil Sector
Key Points ExxonMobil announced plans to invest $10 billion in Nigeria’s deep-water oil operations, highlighting the government’s investor-friendly reforms and commitment to economic growth. Vice President Shettima praised the investment,…
September 23, 2024
Felix Osakwe says Conspiracy in Oil Sector Has Led to Hardship in Nigeria
Key Points Felix Osakwe, former presidential candidate of the National Rescue Movement (NRM), claims a conspiracy in Nigeria’s petroleum sector is causing economic hardship. He questioned why Nigerian presidents often…
September 23, 2024
Possible Tariff Hike Looms for Band A Electricity Customers Amid Rising Subsidy Shortfall
Key Points Band A electricity customers, who receive at least 20 hours of power daily, may face another tariff hike as the Federal Government’s electricity subsidy shortfall rises to N181.63…
September 22, 2024
Vandals Destroy Two Electricity Towers on Damaturu-Maiduguri Line, Disrupting Power Supply
Key Points Vandals have destroyed two electricity towers (T193 and T194) along the Damaturu-Maiduguri 330kV transmission line, marking the third attack on this line in recent months. The Transmission Company…
September 10, 2024
Transparency Lacking in Oil Sector; Appropriate Petrol Pricing Remains Elusive, Says Prof. Iledare
Key Points Lack of Transparency: Prof. Wunmi Iledare highlights severe opacity in Nigeria’s oil sector, which hinders fair petrol pricing. Sector Critique: He criticizes the current leadership’s transactional approach and…
September 1, 2024
Mainstream Energy Solutions Swiftly Repairs Sabon Pegi Bridge After Collapse Due to Flash Floods
Key Points Mainstream Energy Solutions Limited quickly repaired the Sabon Pegi Bridge within 24 hours after it collapsed due to flash floods from heavy rainfall, restoring a crucial link between…