The U.S. Trade and Development Agency (USTDA) has announced support for a new liquefied natural gas project in Nigeria aimed at expanding reliable energy access to industries and underserved communities in the country's northern region. Towards achieving that goal, the agency disclosed in a statement on Friday that it had signed an agreement with Nigerian energy …
Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) has stated that the price of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, remains “stubbornly high” despite improved supply in the last one month. Pinnacle Daily reports that cooking gas is selling between ₦1,500 and ₦1,800 per kilogramme in Lagos, pushing a 12.5kg cylinder refill up …
After years of failed attempts to get Nigeria’s refineries working, the Nigerian National Petroleum Company Limited (NNPCL) recently signed a Memorandum of Understanding (MoU) with two Chinese firms to support comprehensive rehabilitation of the facilities. The move has been described as a major regulatory and strategic pivot in Nigeria’s downstream petroleum sector. The MoU was …
The Federal Government has successfully evacuated another batch of 282 Nigerians stranded in South Africa in the ongoing xenophobic attacks targeting foreign nationals. The fourth evacuation flight operated by Air Peace airline departed Oliver Tambo International Airport at 2.50 pm South African time. It arrived at the Murtala Muhammed International Airport, Lagos (Cargo terminal) at …
The collapse of the US-Iran ceasefire on Wednesday, July 8, has raised fresh tensions in the Middle East and swiftly caused a return of volatility in global energy markets. This has seen Brent crude surging from about $71 earlier in the week to almost $80 per barrel. According to market data published by Oilprice.com, …
The drop in global crude oil prices in recent weeks has triggered calls for a commensurate adjustment of fuel pump prices across Nigeria. This comes as retail prices of Premium Motor Spirit (PMS), also known as petrol, remain relatively high, currently trading between ₦1,155 and ₦1,300 per litre, sparking debates about the sustainability of the …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has commended ExxonMobil for investing $1 billion in Nigeria’s Usan Infill Project, a bold move aimed at boosting Nigeria's oil production capacity. The commitment was announced on Wednesday at the 25th NOG Energy Week Conference by Jagir Baxi, Managing Director of ExxonMobil affiliates in Nigeria. This marks the …
Dangote Petroleum Refinery has rolled out a major direct distribution strategy, providing free petrol delivery to six select states across Nigeria. In a statement via its X handle on Wednesday, the $20 billion refinery indicated that the free delivery scheme will start in Lagos, Ogun, Rivers, Kaduna, Abuja and Delta. It added that the scheme …
The Federal Government’s scheduled evacuation of 270 stranded Nigerians from South Africa has been delayed due to a fault detected in the Air Peace aircraft designated for the operation. According to Kimiebi Ebienfa, the spokesperson for the Ministry of Foreign Affairs, pre-flight safety checks in Johannesburg revealed cracks on the cockpit windscreen of the aircraft. …
The Works Minister says the Coastal Highway is not responsible for Lagos flooding Minister of Works, David Umahi, has urged Lagos residents to stop dumping refuse in drainage channels, insisting that it contributes significantly to flooding in parts of the state. The minister firmly denied that the Lagos-Calabar Coastal Highway is responsible for the …
