Category: Energy

Cabals benefit from petrol imports, frustrate local refineries –IPMAN

The massive imports of Premium Motor Spirit, popularly called petrol, using the United States dollar,...

Marketers clash over price as cooking gas demand falls by 38%

National cooking gas demand has dropped by 38 per cent, according to the Nigerian Association...

Black marketers sell petrol N300/litre as queues persist in Abuja

Fuel queues persisted in the Federal Capital Territory on Monday as filling stations struggled to...

NNPC links fuel queues to Sallah celebrations

The Nigerian National Petroleum Corporation has ascribed the re-appearance of fuel queues in parts of...

After spending over $8bn on Ajaokuta, Nigeria imports N837bn steel

Steelmakers are sceptical about the planned concession of Ajaokuta Steel Company Limited after Nigeria imported...

Cooking gas: Nigeria needs $750m for 5MMT annual consumption

NIGERIA requires about $750m investment in the transportation and retailing infrastructure for Liquefied Petroleum Gas,...

Nigeria needs 100,000MW to end power crisis – Ex-minister

A former Minister of Power, Prof. Barth Nnaji, says Nigeria needs over 100,000 megawatts of...

Protesting oil workers ground activities at Warri refinery

Operational activities were, on Thursday, grounded at the Warri Refining and Petrochemical Company, Delta State,...

Consultant to get N853m for Ajaokuta Steel, firm’s concessions – FG

THE Federal Executive Council on Wednesday approved the engagement of transaction advisors for consultancy services...

Transcorp Power posts N74.3bn revenue as sector’s finances improve

Transcorp Power Limited, owner of the 972 megawatts capacity power plant in Ugheli, Delta State,...

Cooking gas price jumps by 83% in one year –NBS report

THE average retail price for cooking gas increased by 83.62 per cent from N2057.71 in...

FG not handing over Ajaokuta Steel to British firm – Minister

THE Minister of Mines and Steel Development, Olamilekan Adegbite, has refuted media reports on the...