By Emmanuella Anokam The Organisation of the Petroleum Exporting Countries (OPEC) has said that Nigeria’s economic growth in the first quarter of 2023 (1Q23) stood at 2.4 per cent year-on-year (y-o-y). OPEC made this known in its Monthly Oil Market Report for August obtained by the News Agency of NigeriaContinue Reading
By Emmanuella Anokam The Organisation of the Petroleum Exporting Countries (OPEC) says, its Non-OPEC oil supply is expected to expand by 1.5 million barrels per day (mb/d) in 2023. This is a slight upward revision from the previous assessment of 1.4mb/d. OPEC said this in its Monthly Oil Market ReportContinue Reading
By Vivian Emoni The Miners Association of Nigeria (MAN) on Tuesday urged the Federal Government to come up with an agenda on mineral resources for efficient mining activities across the country. The President of MAN, Mr Dele Ayanleke, said this in Abuja, at a news conference on the issueContinue Reading
By Emmanuella Anokam The Nigeria Liquefied Natural Gas Ltd. (NLNG) says its ‘NLNGChangeYourStory’ skills workshop has benefited over 90 journalists since 2015. The NLNG said the skills workshop aimed at reinforcing their digital communication and social media competencies. Mr Andy Odeh, NLNG’s General Manager, External Relations and Sustainable Development, saidContinue Reading
By Emmanuella Anokam The Nigerian National Petroleum Company Limited (NNPCL) says the Gwagwalada Independent Power Plant (GIPP) project is a giant step towards achieving its gas and power mandate to add five gigawatts into the national power generation by 2024. Malam Mele Kyari, Group CEO, NNPC Ltd., made this knownContinue Reading
By Emmanuella Anokam The Nigerian National Petroleum Company Limited (NNPC Ltd), has entered into strategic partnership with NIPCO Gas Limited to develop 56 Compressed Natural Gas (CNG) stations across the country. The NNPC Ltd said the partnership was part of its commitment to reducing carbon footprint and providing cheaper alternativeContinue Reading
By Emmanuella Anokam The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Thursday dismissed allegations of misappropriation of funds levelled against the leadership of the commission by its union members. NUPRC management made this known in a statement issued in Abuja while reacting to the protest and allegations by the localContinue Reading
By Deji Abdulwahab The Niger Delta Youth Council (NDYC), has urged President Bola Tinubu to revive the Port Harcourt and Warri refineries to ensure local refining of petrol. Mr Jator Abido, the National Coordinator of the council, said this in a statement in Abuja on Thursday. Abido said that grantingContinue Reading
By Emmanuella Anokam The management of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it does not owe staff salaries and that all unpaid claims of the protesting staff have been processed. Mr Gbenga Komolafe, Commission Chief Executive (CCE), NUPRC, disclosed this in an interview with the News Agency ofContinue Reading
By Bukola Adewumi The Managing Director, Oil and Gas Free Zones Authority, Nigeria (OGFZA), Sen. Tijjani Kaura, says the free zones would attract a total of 15.97 billion dollars investment to Nigeria’s Gross Domestic Product (GDP) by 2025. Kaura made this known at a maiden media parley on Wednesday inContinue Reading
