NLPGA Wants Investors To Harness $10bn LPG Investment Opportunities
The Nigerian Liquefied Petroleum Gas Association (NLPGA) has stated that over $10 billion of investments would be generated if 50 per cent of the current kerosene and firewood users in the country switch to cooking gas by 2019 and urged...
Nigeria: As Oil Prices Rise Again
On Tuesday last week, crude oil prices rose to about $61 per barrel in the international market, its highest since July 2015. There are indications that it rise to $70 and above in the next few weeks. This development is...
Nigeria Earns N362.43bn From Crude Oil Export in June
Nigeria’s crude oil earning increased from the N253.02billion in June, to N362.43billion in July, according to the National Bureau of Statistics (NBS). This comes as stakeholders in the oil and gas industry have underscored the drawbacks of the Petroleum Industry...
Nigeria: Dangote – We Should Pray Oil Prices Stay Low
Africa’s richest man, Aliko Dangote, has told a packed room in New York that he is hoping that oil prices will remain low to wean Nigeria away from its dependence. He said agriculture should be the focus of government, as...
NNPC remits $285m to Federation Account in 6 months
The Nigerian National Petroleum Corporation (NNPC), remitted $284.724 million to the Federation Account between January and June 2017 from its crude oil and gas export proceeds, Vanguard reports. According to its Monthly Financial and Operations Report for June 2017, the NNPC recorded...
Portugal Books NLNG Cargo For August 26th
REN-operated Sines LNG import terminal in Portugal is to receive a new cargo of the chilled fuel from Nigeria, LNG World News reports. The cargo will be delivered from Nigeria LNG’s Bonny Island liquefaction plant onboard liquefied natural gas carrier LNG Benue...
Nnpc Cuts Production Cost To $23/barrel
The Nigerian National Petroleum Corporation (NNPC) said yesterday that the country has saved a minimum of $3billion per annum by cutting the cost of crude oil production from $78 dollars per barrel to $23 per barrel as at August 2015,...
Cooking Gas Price Drops By 30%
The price of Liquefied Petroleum Gas (LPG), otherwise called cooking gas, has dropped by 30 percent from N400 per kilogram (kg) in May to N280 per kg currently. According to a market survey carried out by Daily Trust at different...
How Falana’s Letter to Kachikwu Exposed Nigeria’s Huge Losses in Deep Offshore PSCs
Indications have emerged that a letter written by a human rights activist and Senior Advocate of Nigeria (SAN), Mr. to the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, when he was the Group Managing Director of Nigerian National...