Wednesday, November 20, 2019
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Nestoil boss reminisces on early beginnings at unveil of New Corporate Identity

The Group Managing Director, Nestoil Group, Dr Ernest Azudialu-Obiejesi recently walked a gathering of audience comprising industry leaders, traditional leaders, media professionals through the journey of the company, noting that vision and a daring spirit were the most valuable assets it had 28 years ago when it started in a one- room office at Idumagbo, Lagos.

We ought to have been earning more from gas than petroleum now -Buhari


President Muhammadu Buhari Tuesday hosted Special Envoy of President of Equatorial Guinea, Teodoro Obiang Nguema Mbasogo, at State House, Abuja, and declared that if Nigeria had followed her own programme for exploiting its gas reserves, the country would have been earning more money from the product than from petroleum now.

NNPC obtains $1.16m US grant for Abuja power plant

The Nigerian National Petroleum Corporation (NNPC) and the United States Trade and Development Agency (USTDA) has concluded an arrangement to sign a $1.16 million grant as part funding for the NNPC-Abuja Independent Power Project (IPP) modeled to generate 1,350 megawatts of electricity to alleviate the power challenge in the country.

Power: DISCOs urged to invest in infrastructure

Stakeholders in the power sector have conversed that for the sector to move to the next level all Distribution Companies, DISCOs, must invest in their distribution infrastructures to address the power challenges and limitations in the country.

Cooking gas marketers raise alarm over 75% price hike

… Task NLNG supply to other coastal terminals outside Lagos to reduce pressure


Marketers of Liquefied Petroleum Gas (LPG) under the aegis of Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) have raised the alarm over indiscriminate artificial hike in the price of the product by 75 percent in the last two week.

NEITI: $42bn lost to oil theft in 10yrs

Nigeria Extractive Industries Transparency Initiative (NEITI) has urged the government to embrace oil fingerprinting technology, comprehensive metering infrastructure of all facilities, and other creative strategies to combat the growing menace of theft of Nigeria’s crude oil and refined petroleum products.

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