Wholesale gas-producing companies have abruptly stopped the supply of natural gas to power generation companies for electricity production over the non-payment of debts accrued from previous supplies, fresh findings have shown. The Chief Executive Officer of the Association of Power Generation Companies, Dr Joy Ogaji, disclosed the latest deve...
Controversy over the supply of petrol from Dangote Refinery to the Nigerian National Petroleum Company Limited (NNPCL) deepened yesterday. In a new twist, a document from the state oil company showed that the refinery has been unable to meet the supply request, reports The Nation. According to the document, the NNPCL requested for 1.065 billio...
•Dangote Refinery The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says the $20bn Dangote Refinery in Lagos will supply the Nigerian market with 25 million litres daily this September. The regulator also said that starting in October, the 650,000 barrels per day facility will pump 30 million litres daily into the N...
•Fuel scarcity The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said its members do not get enough Premium Motor Spirit supply from the Nigerian National Petroleum Company Limited (NNPCL) in the wake of scarcity of products sweeping across the country. The association currently has more than 3000 members controlling the l...
•Fuel queue Oil marketers have attributed this round of scarcity of Premium Motor Spirit also known as petrol, to lingering logistics challenges. This was disclosed by the President of the Petroleum Products Retail Outlets Owners Association, (PETROAN), Billy Gillis-Harry who was a guest on Channels Television today . According to him, oil mar...
Dangote Refinery Limited has clarified its position on the supply of crude oil to its refinery by the Nigerian National Petroleum Company Limited, NNPCL, stating that it never accused the NNPCL of not supplying crude to its refinery. The firm made the clarification yesterday in a statement signed by Anthony Chiejina, the Dangote Group’s Chief,...
•Dangote Refinery As concerns mount over the lack of domestic crude oil to the Dangote Petroleum Refinery and other indigenous refiners, the Independent Petroleum Producers Group has called on President Bola Tinubu to consider declaring a state of emergency on crude oil production in Nigeria following the lingering crisis associated with this....
•Dangote refinery The domestic crude oil supply crisis that recently led to accusations and denials in the oil sector may warrant an investment plunge in the industry, operators declared yesterday. According to operators at the Lagos Chamber of Commerce and Industry, the crisis may damage the confidence of International Oil Companies and inves...
Barely one week after the new tariff regime which increased electricity tariff by 231 percent for category A consumers, there are indications that the electricity supply capacity is grossly inadequate to meet the 20 hours per day minimum benchmark for the new tariff while accommodating other category of consumers. The 11 Electricity Distributi...
Major stakeholders in the hospitality business in Delta State have blamed the epileptic power supply, particularly in the Uvwie, Warri, Sapele, Ughelli, and Udu areas of the state, on power racketeering among officials of the Transmission Company of Nigeria (TCN) and BEDC Plc. They alleged that some officials of TCN and BEDC are selling and [&...
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