Abia State government  sets up infrastructure development council

…oil-rich $12.5bn economy suffers deficit Abia State government has set up an Infrastructure Development Council (IDC) to cater for the infrastructural needs of the state. Governor Okezie Ikpeazu is the chairman of the council. The council would work to compute the infrastructure needs of the state, the costs of developing them, and possibility of raising […]

Let’s not play politics with pump price of fuel – Donald Duke warns

Donald Duke, Nigeria’s presidential candidate for the Social Democratic Party (SDP) warns that “the oil and gas sector are too important to Nigeria’s economy to play politics with. He said, “petroleum is one commodity that defines our economy. Decisions regarding petroleum products have far-reaching implications on the economy, and therefore, have to be taken after […]

Price of cooking gas rises marginally – NBS

NBS

The National Bureau of Statistics (NBS) said the average cost of refilling a five kilogramme (kg) cylinder of Liquefied Petroleum Gas (Cooking Gas) increased to N2,05.14 in August from N2,01.45 recorded in July. The NBS disclosed this in its August 2018 “Liquefied Petroleum Gas (Cooking Gas) Price Watch” released in Abuja on Friday. According to […]

Nigeria electricity workers union seeks review of power privatisation

Electricity

The Nigeria Union of Electricity Employees (NUEE) has asked the federal government to review the privatization of the country’s power sector, saying the investors in the sector have engaged in sundry excesses including arbitrary dismissal of workers without consultations with the union, poor welfare, uneven salary structure, adoption of anti-labour policies and frustration of the […]

Nigeria’s president Buhari charged DISCOs on electricity

Muhammadu Buhari, Nigeria’s President said Tuesday that his administration is committed to lawful interventions to ensure that operators in the business of electricity distribution, the DISCOs, live up to expectations of Nigerians. The President stated this in his broadcast to the nation to mark the 19th year of Nigeria’s nascent democracy and the 3rd anniversary […]

Nigeria’s economic council doubts state oil firm, monitors petrol lifting

The doubt over the quantity of daily petrol consumption in Nigeria has prompted a decision to effect the closure of filling stations that are 10 kilometres on the border to monitor actual consumption. The Sub-Committee of the National Economic Council (NEC) on Remittance to Federation Account on Wednesday directed that the filling stations be closed […]

NNPC, Osun govt. partner on renewable energy to explore agricultural potential

The management of the Nigerian National Petroleum Corporation (NNPC) said Thursday that it will partner Osun state government on renewable energy development, which is aimed at linking the energy and agriculture sector through the commercial production of bio-fuel from selected energy crops like cassava, sugar cane, and oil palm. Clara Eminike, the General Manager, Joint […]