News – Page 53 – Advisors Reports

September 7, 2024Documentary Downstream Energy Transition Gas News Oil & Gas

Lagos PETROAN Chapter strategizes to tackle petroleum marketing challenges, explores CNG investment opportunities

… as profit margins decline in petroleum retail, PETROAN urges members to diversify with additional service offerings Oredola Adeola The Lagos State chapter of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) convened a strategic meeting with…

September 5, 2024Downstream News Oil & Gas

Minister Heineken Lokpobiri debunks Dangote refinery’s claim of government price control in petrol market

… we increased loading hours at depots, vessels are being cleared promptly -NMDPRA Oredola Adeola Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil), has refuted claims made by the Dangote Refinery that the petrol market is strictly regulated and…

September 5, 2024Downstream News Oil & Gas

NNPC Ltd. attributes PMS price fluctuations to free market forces, exchange rates

… scarcity will ease within a few days as more filling stations recalibrate, resume sales By Thelma Tokunbo The Nigerian National Petroleum Company Limited (NNPC Ltd.) has identified the illiquidity of foreign exchange (forex) as a key factor contributing to…

September 5, 2024Downstream Midstream News Oil & Gas

Dangote says NNPCL yet to lift petrol from its refinery, debunks reports of sales at N897 per litre

PMS market is strictly regulated, marketers have no control over fuel prices – Chiejina, Dangote spokesperson Oredola Adeola The Dangote Group has clarified that the Nigerian National Petroleum Company Limited (NNPC) has not yet commenced lifting Premium Motor Spirit (petrol)…

September 5, 2024Distribution Energy Transition Finance Generation Green Finance News Power Renewables Solar Sustainability

Nigeria-China partnership critical to vision 30:30:30, universal energy access by 2060 – Power Minister Adelabu

Oredola Adeola Chief Adebayo Adelabu, Minister of Power, has revealed that Nigeria’s commitment to achieving 30GW of grid energy supply with a 30 percent renewable energy mix by 2030, and universal energy access by 2060, presents an opportunity for collaboration…

September 4, 2024Downstream Midstream News Oil & Gas

Industry expert, Capt. Iheanacho, opposes Otedola’s call to dismantle petroleum depots in Nigeria

… warns depots absence in value-chain will cripple fuel supply … insists petroleum products depot owners crucial in Dangote petrol delivery Oredola Adeola Capt. Emmanuel Iheanacho, Chairman of Integrated Oil and Gas Ltd. has voiced strong opposition to recent comments…

September 4, 2024Distribution Energy Transition Generation Green Finance News Power

Lagos signs MoU with Chinese company to implement 50 MW solar power project in LASU, LASUCOM, other state institution

Oredola Adeola The Lagos State Government has signed a Memorandum of Understanding (MoU) with a leading Chinese company to implement solar power systems across key educational institutions. The agreement was announced in a statement by Governor Babajide Sanwo-Olu, as part…

September 3, 2024Downstream Midstream News Oil & Gas Sustainability

Aliko Dangote unveils first sample of petrol as Dangote refinery begins petrol production

… announces petrol could reach filling stations in 48hrs, price to be set based on FG agreement Femi Otedola hails Dangote, urges MEMAN, DAPPMAN, others to prepare for depot dismantling amid market shifts NMDPRA says Dangote refinery to supply 25m…

September 3, 2024Downstream News Oil & Gas

UPDATED: NNPCL raises PMS pump price to N855-N897 per liter

…petrol marketers shut station, marketers brace for ₦1,000/litre …scarcity bites harder Oredola Adeola In an internal circular distributed on September 3, 2024, the Nigerian National Petroleum Company Limited (NNPCL) announced an upward review of its Premium Motor Spirit (petrol)…

September 3, 2024Distribution News Power

Ikeja Electric expands Band ‘A’ feeders to 179 with addition of 23 new feeders

Oredola Adeola The Nigerian Electricity Regulatory Commission (NERC) has approved the MYTO feeder upgrade for 23 additional Band ‘A’ feeders, bringing the total number of Band ‘A’ feeders across the Ikeja Electric (IE) network to 179. This information was disclosed…