“This significant reduction in the price of diesel, at Dangote Petroleum Refinery, is expected to positively affect all the spheres of the economy and ultimately reduce the high inflation rate in the country.”
Browsing: Oil & Gas/Mineral Resources
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Monday, said the Nation’s oil and gas reserves as of January 1,…
NIPCO Plc says it has completed four Compressed Natural Gas (CNG) stations in Lagos, set for inauguration by May.
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has clarified that the rumours suggesting a price adjustment for Premium Motor…
According to Business Insider, the DRC became the second-largest producer of the mineral when it hit 2.8 metric tonnes of production in 2023 surpassing Peru’s 2.76 million metric tonnes. Chile, the leading producer in the world, was projected to hit 5.3 million metric tonnes in 2023.
The retreat with the theme: “Building Synergy for Enhanced Development in the Oil and Gas Sector” will be held between March 26 and 28.
He argued that energy transition is a very difficult subject for countries, especially in sub-Saharan Africa because geographically, the situations are different as a number of the countries are dealing with energy availability, not transition, and energy availability is closely linked to energy security.
So, we all pay subsidies and that is what the President removed. So, instead of going to these private pockets, Nigerian private pockets, the oil magnates, those who operate the industry, the President harvested the money and ploughed it into the treasury of the government. And that’s why most states are getting twice or even three times of what they used to get. So, you can see that money has gone into state treasuries, local government treasuries and also the national treasury and this money hitherto was going into private pockets. That’s the explanation I wanted every Nigerian to understand. But the subsidy regime now we are paying it’s still there. It may not be adequate, probably if it had been adequate, maybe the prices would have been forced down, but that which was removed was the one that was stolen money.
In an industry dominated by men, especially in Nigeria, some women are leaving their footprints and reconstructing the oil and gas sector…
Nigeria is blessed with 44 different types of minerals in commercial quantities, found in no fewer than 500 locations across the country. Among these, seven are classified as strategic and critical for the global energy transition.