Nigeria’s energy trade charts show internal strategy mess
Sopuruchi Onwuka Nigerian energy trade losses entered a deceleration mode not because the volumes of imports championed by the Nigerian National Petroleum Company (NNPC) Limited reduced, but because the spirited audacity of private local businessmen that risked billions of Naira…
Debts everywhere: NNPC owes oil traders N2.3 trn
Sopuruchi Onwuka The desperate efforts by the new administration of President Bola Tinubu to gain control of the country’s fiscal channels may suffer glitches as more and more debts float to the surface. In addition to the current pile of…
GOG nations sign MoUs on Nigeria-Morocco gas pipeline
Sopuruchi Onwuka Countries on the coast of the Gulf of Guinea (GOG) have finally reached a definitive agreement to provide a safe and sustainable pathway for the flow natural gas from Niger Delta in Nigeria through several African countries to…
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…
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…
Mainland Oil slashes petrol prices, accelerates services
Nigeria’s newest major marketer, Mainland Oil and Gas Company Limited, has accelerated petrol retail services at all its 34 stations across the country. The company has also slashed the prices of the product at its retail outlets even at a…
Nigeria’s crude oil production resurging to capacity
Sopuruchi Onwuka The Nigerian petroleum industry is gradually pushing up its hydrocarbon liquids production after government and security agencies began collaboration with private community based security agencies to arrest massive stealing from flowlines. Group Chief Executive of the Nigerian National…
Nigeria is trapped between energy poverty, climate impact __NNPC
The twin impacts of energy poverty and climate change have wedged Nigeria between conflicting needs for decarbonisation and energy security through technologies that deliver both simultaneously. The Nigerian National Petroleum Company Limited declared at the Practical Nigerian Content (PNC) Forum…
