February 27, 2024DownstreamEnergy TransitionFinanceNewsRenewables

Tinubu says petrol subsidy funds redirected towards securing Nigeria’s energy future

  Oredola Adeola    President Bola Tinubu  revealed that the funds previously allocated for the payment of subsidy on Premium Motor Spirit (petrol) are now being redirected towards securing Nigeria’s energy future including the provision of infrastructure, and other social amenities.…

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February 20, 2024DownstreamNewsOil & Gas

Tanker drivers strike: MEMAN takes action, assures fair transportation rates for smooth petroleum products supply 

  Oredola Adeola   Amidst potential fuel crisis due to ongoing tanker drivers’ strike, the Major Oil Marketers Association of Nigeria (MEMAN) has stepped in, assuring that individual marketers and their respective transporters  are negotiating a solution that will keep…

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February 14, 2024DownstreamGasImpactNewsOil & Gas

Massive fireball engulfs 18 shops in Iju-Ishaga, after gas cylinder explosion

  Oredola Adeola A fire explosion, triggered by a faulty head cap of a Liquified Petroleum Gas (cooking gas) cylinder, engulfed eighteen (18) shops at Agbado Road, Toyin Bus stop, Iju Ishaga, Lagos State, after six numbers of 75-50(kg) gas…

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February 9, 2024DownstreamExtractive IndustryImpactNewsOil & GasUpstream

Oyedele fiscal policy Committee teams up with NEITI to drive oil, gas, extractive industry transparency

  Oredola Adeola   The Presidential Committee on Fiscal Policy and Tax Reforms (PCFPTR) has agreed to partner with the Nigeria Extractive Industries Transparency Initiative (NEITI) to leverage the findings and recommendations contained in its oil & gas and extractive…

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February 8, 2024DownstreamImpactOil & Gas

NLC, TUC give FG 14 days to lessen economic impact of fuel price hike, Naira devaluation

  Oredola Adeola   Following the Federal Government’s failure to implement the 16-point agreement agreed on October 2, 2023, the Nigeria Labour Congress and the Trade Union Congress have given the federal government two weeks to commence the implementation of…

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February 5, 2024DownstreamGasImpactNews

NLNG trains women journalists in digital communication skills

Oredola Adeola   Nigeria LNG Limited concluded another edition in the series of #NLNGChangeYourStory workshops focused on arming women journalists with cutting-edge digital communication and social media skills for reporting gender-based issues.   This was contained in a statement released…

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February 1, 2024DownstreamImpactOil

MOMAN transforms to MEMAN, pledges clean energy commitment

Oredola Adeola    The Major Oil Marketers Association of Nigeria (MOMAN) has officially rebranded itself as the Major Energy Marketers Association of Nigeria (MEMAN) in alignment with the Nigerian Midstream and Petroleum Regulatory Authority Industry Sustainability Initiative (NISI), reflecting its…

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