Ogun State, Nigeria, World News & Stories
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23 posts in this category.
The Group Managing Director of the Nigerian National Petroleum Corporation Limited (NNPCL), Mele Kyari, has refuted the circulating allegations suggesting that the federal government might be subsidizing fuel imports to stabilize prices amidst fluctuations in foreign exchange rates. During his meeting with President Bola Tinubu at the Presidential Villa, Kyari maintained that market dynamics, driven…
The Nigerian National Petroleum Company Limited (NNPCL) has issued a statement firmly stating that there are no immediate plans to raise the prices of Premium Motor Spirit (commonly known as petrol) in the country. Amidst recent speculation and concerns about possible price increases, the management of NNPCL sought to reassure the public regarding the cost…
The article, “The Fallout of Subsidy Removal in Nigeria: A Harsh Reality” written by Asiwaju Tayo Banjo was first published on the Medium. Introduction The removal of subsidies in Nigeria, particularly in the context of petroleum products, has long been a topic of debate and contention. In recent times, this debate has been reignited as…
Small and Medium Scale Enterprises (SMEs) and manufacturing companies in Ogun State can look forward to a brighter future as the state government has expressed its dedication to constructing power infrastructure that will ensure a stable electricity supply throughout the region. Governor Dapo Abiodun made this commitment while serving as the special guest of honor…
With PMS(Petrol) consumption at 99%, FX challenges may continue Dangote Refinery and other modular refineries in Nigeria are changing their production focus away from premium motor spirit (PMS) due to the reintroduction of fuel subsidies in President Bola Tinubu’s administration, The Guardian has reported. Dangote Refinery, a major player in the industry, is gearing up…
The Dangote Petroleum Refinery Group Executive Director says Dangote Refinery is set to begin refining petrol by November 30, 2023, and diesel and jet fuel operations by October 2023. Dangote Refinery plans to start making petrol by November 30, 2023, and diesel and jet fuel by October 2023. According to Devakumar Edwin, the group’s executive…
Gas retailers have issued a warning that the cost of a 12.5kg cooking gas cylinder could potentially reach N18,000 by December if the Federal Government doesn’t intervene to curb the activities of terminal owners. Olatunbosun Oladapo, the President of the Nigerian Association of Liquefied Petroleum Gas Marketers, expressed his concerns to reporters on Sunday. He…
The Federal Government has announced an increase in the prices of single-phase and three-phase pre-paid electricity meters, with the change set to take effect from September 6, 2023. This decision was communicated through an order released by the Nigerian Electricity Regulatory Commission (NERC), bearing the number NERC/2023/020. The order was jointly signed by the Commission’s…
The Nigerian National Petroleum Company Limited (NNPCL) has NNPCL faults sale of Agip of Oil Mining Licenses 60, 61, 62, and 63 to Oando Oil Limited by the Nigerian Agip Oil Company. In a letter signed by Ali Zarah, the Managing Director of NNPC Exploration and Production Limited, dated September 4, 2023, and addressed to…
Dapo Abiodun, Governor of Ogun State, commissioned the 4.5km Molusi College Road in Ijebu-Igbo, Ijebu-North local council of the state, yesterday, with a pledge to provide solar light to rural areas not connected to the national grid. The governor also stated that electric transformers would be distributed to improve power supply at the grassroots level,…
