VICTIMS of Port-Harcourt Helicopter crash have finally been identified. Recall that a helicopter flying from Port Harcourt to an oil rig crashed into the Atlantic Ocean on Thursday. The Sikorsky SK76, with eight passengers aboard, was en route to the NUIMANTAN oil rig when it went down near Bonny Finima …
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THE Federal Government has banned the export of locally produced Liquefied Petroleum Gas (LPG), commonly known as cooking gas, starting November 1, 2024. This was announced by Ekperikpe Ekpo, the Minister of State for Petroleum Resources (Gas), to prioritize domestic supply in a bid to alleviate the escalating costs of …
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THE Group Chief Executive of the Nigeria National Petroleum Company Limited (NNPCL), Mele Kyari has said though the loss of her daughter Fatima was a great one, she left the world at the time appointed for her. Fatima, 25, passed away last Friday. Kyari said her passing united a large …
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NIGERIANS spend an astonishing $10bn annually on petrol and generator maintenance, according to a report by Sustainable Energy for All (SEforALL). This figure underscores the country’s heavy reliance on fossil fuels for electricity generation, despite its environmental and economic challenges. The report, titled Beyond Gensets: Advancing the Energy Transition in Lagos State, was published …
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The Federal Government, through the Nigerian National Petroleum Company Limited, has signed an agreement to begin sales of gas to the methanol-manufacturing project of the $3.3bn Brass Fertilizer & Petrochemical Company Ltd. The gas sales-and-purchase agreement was signed with Shell, TotalEnergies and Agip on Friday in Abuja, nine years after …
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THE Group Managing Director of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, has lost his 25-year-old daughter, Fatima Kyari. Fatima’s death was disclosed in a condolence message posted by a former aide of ex-President Muhammadu Buhari, Bashir Ahmad, on X on Friday, October 11, 2024. Ahmad disclosed that …
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PRESIDENT Bola Tinubu-led government has distanced itself from the recent hike in petrol prices, stating that the Nigerian National Petroleum Company Limited (NNPCL) made the decision independently based on prevailing market conditions. The adjustment has seen pump prices soar to as high as ₦1,075 per litre in some regions. As of …
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THE Nigerian National Petroleum Company Limited (NNPCL) announced on Wednesday, October 9, that it had increased the ex-depot prices for Premium Motor Spirit (PMS), better known as fuel for marketers. NNPCL Retail Limited communicated this change through a price list, indicating that the ex-depot price in Calabar is now set …
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Petroleum marketers have confirmed that the recent fuel price hike by the Nigerian National Petroleum Company Limited (NNPCL) is due to the complete removal of subsidies on Premium Motor Spirit (petrol). https://newsextra24.com/ghana-launches-citizenapp-to-boost-digital-government-services/ As a result, NNPCL has raised the pump prices to ₦1,030 per litre in Abuja, the Federal Capital Territory, and ₦998 per …
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THE Nigerian National Petroleum Company Limited (NNPCL) has committed to supplying 272,500 barrels of crude oil per day to settle loans totaling $8.86 billion through a series of crude-for-loan agreements. This means approximately 8.17 million barrels of crude oil will be used each month to fulfill various debt obligations. This …
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