Tag: nigerian energy

The Port Harcourt refinery has not formally commenced operations despite completing its overhaul for the production of petroleum products “in order to avoid a situation where the refinery produces for a few months and shuts down for repairs again.” Insiders from the Nigerian National Petroleum Company Limited revealed that the Group Chief Executive Officer, Mele…

The Independent Petroleum Marketers Association of Nigeria (IPMAN) says it doesn’t make sense for the Nigerian National Petroleum Company Limited (NNPCL) to sell petrol lifted from the Dangote Refinery higher than imported ones. This was disclosed by the IPMAN National Welfare Officer, John Kekeocha on Channels Television’s The Morning Brief breakfast programme on Monday. He…

Nigeria’s inflation rate has decelerated for two consecutive months, from 34.19% in June to 33.40% in July, and now 32.15% in August, the National Bureau of Statistics (NBS) said Monday. According to the Consumer Price Index report released by the Bureau, the headline inflation rate eased to 32.15% in August 2024, while food inflation stood…

*Releases Estimated Petrol Pump Prices from Dangote Refinery, Vary Across States Premium Motor Spirit (PMS) pump prices from Dangote Refinery are based on the prevailing exchange rate and price of crude oil. Nigerian National Petroleum Company Limited (NNPCL), Chief Corporate Communications Officer, Mr. Olufemi Soneye, disclosed this in a statement on Monday. He said the…

Telecommunications operators are expected to start disconnecting mobile telephone lines that are not linked to National Identification Numbers, following the expiration of the September 14 deadline set by the Nigerian Communications Commission. The NCC said in a statement in August that it expected that no SIM card would remain active without a verified NIN from…

The bid by two men, Abiodun Ariori and Tajudeen Akanbi, representatives of the family of late Chief Mojisola Cole to obtain an interim injunction from a Lagos State High sitting in Ikeja, to restrain NASCO Town Limited from exercising possessory rights over an expanse of land located at Abule Oshun, in Ojo Local Government Area…

Dangote Refinery has strongly refuted claims made by the Nigerian National Petroleum Company Limited (NNPCL) that the refinery sold Premium Motor Spirit (PMS) to the corporation at N898 per litre. In a statement issued by the Group Chief Branding and Communications Officer, Anthony Chiejina, Dangote Refinery on Sunday, described the allegation as misleading and an…

Dangote Refinery’s Vice President of Oil and Gas, Devakumar Edwin, has announced that 44% of the refinery’s petrol (PMS) production can meet Nigeria’s entire daily requirement. During a press briefing at the refinery on Sunday, Edwin expressed pride in the commencement of petrol lifting, stating: “After 52 years, we have a solution to Nigeria’s PMS…

The Independent National Electoral Commission (INEC) has asked the Federal High Court Abuja to dismiss a suit filed by the Labour Party challenging the exclusion of the party from a refresher training organized by the Commission for uploading party agents in the upcoming Ondo State governorship election. In a counter affidavit deposed to by Ayuba…

Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against President Bola Tinubu over “the failure to direct the Nigerian National Petroleum Company Limited (NNPCL) to reverse the apparently unlawful increase in the pump price of petrol, and to probe the allegations of corruption and mismanagement in the NNPCL.” Joined in the suit as…

The Kano State Independent Electoral Commission (KANSIEC) has announced a reduction in the nomination fees for chairmanship and councillorship candidates in the upcoming local government elections. This decision, which came following a court order, was disclosed by the Commission’s chairman, Professor Sani Lawan Malumfashi, at a press conference in Kano on Friday. A Federal High…

A Kano State High Court presided over by the Chief Judge, Justice Dije Aboki has granted an order restraining the 15th Emir of Kano, Aminu Ado Bayero from renovating the Nassarawa mini palace. Justice Aboki gave the order following a motion exparte filed by the plaintiffs/applicants, who were represented by Rilwanu Umar Esq. and three…

*As 300 NNPC Trucks Converge On Dangote Refinery To Lift Petrol The long-awaited commencement of operations at the Dangote refinery has been met with mixed reactions from petroleum marketers as the Nigerian National Petroleum Corporation (NNPC) secures a deal to purchase petrol at N766 per litre from the facility. According to the Minister of Finance…

The Association of Mobile Money and Bank Agents in Nigeria has blamed the low turnout for the registration of Point of Sale operators across the country on the ongoing case the association has against the Corporate Affairs Commission. The Federal Government through the CAC had previously set a two-month deadline for PoS companies to register…

The Nigerian Electricity Regulatory Commission has ordered the Abuja Electricity Distribution Company to compensate several communities in Kogi and Abuja for service failures. This mandate follows the company’s inability to meet the required service delivery commitments outlined under the Service-Based Tariff system. According to a NERC document released on Thursday, the affected areas include Wuse,…

The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, yesterday, met with the Vice President for Infrastructure at the World Bank, to discuss bold reforms aimed at improving electricity access across the country with the objective of accelerating infrastructure development and economic growth. During the meeting, which focused on addressing ongoing…

The Nigerian Electricity Regulatory Commission has imposed a N1.69bn fine on Abuja Electricity Distribution Company for overbilling customers. The penalty, documented in Order NERC/2024/114, was issued as part of the commission’s September 2024 Supplementary Order. The regulatory document, ORDER/NERC/2024/114, which was dated August 30 and signed by Vice Chairman Musiliu Oseni and Commissioner, Legal, Licensing…

The candidate of the All Progressives Congress in the September 21 governorship election in Edo State, Monday Okpebholo, has been summoned by a Magistrate’s Court in Abuja for allegedly making a false statement on his date of birth. A document showed that Okpebholo was asked to appear before the court at 12 noon on Friday,…

The Federal Government on Friday disclosed that the supply of petrol from Dangote Refinery will commence on tomorrow after both parties reached an agreement on pricing and supply. NNPC will remain as the sole off-taker of petrol from the refinery with other marketers getting the product from the national oil company. Speaking in Abuja, a…

*Turaki Denies Paternity of Acquaintance’s Daughter, Accuses Family of Blackmail An Upper Area Court in Kado, Abuja has issued an order restraining the Inspector General of Police (IGP) and other police personnel from further investigating the paternity dispute between a former Minister of Special Duties and Inter-Governmental Affairs, Kabiru Turaki and the family of a…