Energy articles

NNPC completes refund of N450 billion to Nigerian govt, states, LGs – Adeosun

NNPC completes refund of N450 billion to Nigerian govt, states, LGs – Adeosun

The Nigeria National Petroleum Corporation, NNPC, has completed the refund of N450 billion to the federation account, to be shared among the federal, states and local governments. The Permanent Secretary, Ministry of Finance, Mahmoud Isa-Dutse, made the statement on Thursday in Abuja at the monthly meeting of Federal Accounts Allocation Committee (FAAC). Mr. Isa-Dutse, who

COMMUNIQUÉ: Policy Dialogue On Strengthening The National Oil Spill Detection & Response Agency

COMMUNIQUÉ ISSUED AT THE POLICY DIALOGUE ON STRENGTHENING THE NATIONAL OIL SPILL DETECTION AND RESPONSE AGENCY (NOSDRA) ORGANIZED BY THE NIGERIA NATURAL RESOURCE CHARTER (NNRC) IN COLLABORATION WITH THE NIGERIA STABILITY AND RECONCILIATION PROGRAMME (NSRP) ON THURSDAY, 30TH OF MARCH, 2017 AT EKO HOTEL & SUITES, LAGOS. PREAMBLE The Nigeria Natural Resource Charter (NNRC) uses

Fuel marketers demand payment of outstanding subsidy claims

The Major Oil Marketers Association of Nigeria (MOMAN) has appealed to the Federal Government to pay the outstanding fuel subsidy claims to its members to pay back their bank loans. The Executive Secretary of the Association, Mr Obafemi Olawore, made the plea in an interview with the News Agency of Nigeria (NAN) on Wednesday in

PIB Passes Second Reading At House Of Reps

The House of Representatives have on Thursday set up an ad hoc committee to handle the much anticipated petroleum industry bill. In the same vein, the house also passed the PIB bill for a second Reading. The bill seeks to restructure and reform Nigeria’s oil and gas industry. It will unbundle the Nigerian National Petroleum

Nine injured in Mexico oil refinery fire

Nine people were injured when a fire broke out at a crude refinery in southern Mexico, state oil company Pemex said Wednesday, its latest in a series of accidents. The company said its firefighters were still working to put out the blaze, which sent a huge column of black smoke into the sky at the

NNPC Increases Gas Supply To Boost Power Generation

The Federal Government appears to be making progress in its efforts to increase power generation in the country.  This is because given the current gas supply by the Nigerian National Petroleum Corporation (NNPC), generating companies can produce up to 3056 megawatts of electricity daily. The NNPC revealed this in a report released on Saturday by

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