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Fuel price hike: confusion overtakes stakeholders
Market still not deregulated despite price increase State monopoly still rules supplies Regulator disabled Sopuruchi Onwuka The arbitrary increase of petrol prices announced by the Nigerian National Petroleum Company (NNPC) Limited Wednesday morning is definitely a total deviation from the…
Snake Island Port to earn FG N3.6 trn revenue
Sopuruchi Onwuka The development and expansion of the Snake Island Port in Lagos State generate over $5.2 billion or N3.6 trillion in revenues for the government of Nigeria under a project outline that commands princely $1.85 billon private investment. The…
Breaking! NNPC increases fuel price to N555 per liter
Despite speculations that the fuel price increase announced by President Bola Tinubu on Monday will take time to be worked out, the Nigerian National Petroleum Company (NNPC) Limited has on Wednesday morning instructed all marketers to adjust retail prices for…
Subsidy removal: Regulators, players move to arrest fuel scarcity
Sopuruchi Onwuka The declaration of President Bola Tinubu that the subsidy on the retail price of premium motor spirit popularly called petrol is gone has sparked a new round of confusion in the domestic fuel market, prompting the commercial players…
Uganda signs death penalty for LGBTQ
Anew law in Uganda would punish “aggravated homosexuality” with the death penalty, agency sources reported on Monday. Despite widespread international condemnation, President Museveni signed the Anti-Homosexuality Bill 2023 into law. “It now becomes the Anti-Homosexuality Act 2023,” the Ugandan presidency…
Subsidy removal: President Tinubu pulls inflation triggers
Subsidy jumps from N800 bn in 2014 to N4 trn NNPC under accountability, transparency burden Sopuruchi Onwuka President Bola Ahmed Tinubu, on Monday set off fuel scarcity in the country as marketing companies responded to his inaugural address in which…
Seplat issues scam alert on Poverty Alleviation Subsidy
Indigenous energy firm, Seplat Energy Plc, has described a claim that it was running a purported government poverty alleviation subsidy as false. It said social media and other digital publications on the said subsidy porogramme are dubious. “This is to…
Sonangol, Eni expands energy decarbonization
Angolan state firm Sonangol has signed a Memorandum of Understanding (MoU) with Italian energy major Eni to expand “the scope of the cooperation between the two companies by developing studies in the agribusiness value chain and in other sectors of…
Kenya Airways launches first flight with Eni’s aviation biofuel
Kenya Airways has taken the first African stride in the use of aviation biofuel successfully when the airline fired the Boeing 787-800 (B787-8) Dreamliner from Nairobi in Kenya to Schipol in Amsterdam. With the feat, biojet from the Gela refinery…
Winners emerge in NLNG Science Quiz Competition
Niger Delta Science School, Rumuola, Port Harcourt, has emerged winners in the senior secondary school S.S. 2 category of the annual Nigeria LNG Limited (NLNG)-sponsored science quiz competition in Rivers State. The competition which ended on Saturday was held in…
