Heavy reliance on importation and weak Naira have been blamed for the spike in aviation fuel, currently pegged at about N600/litre. An energy analyst, Comrade Bala Zakka, who stated this recently while featuring as a guest speaker in the Daily Africa Summit, said besides the Ukraine-Russia conflict, fluctuations in the global price of crude oil […]
The Ukraine-Russia conflict has caused panic and spike in prices, but could prompt a long-term shift towards sustainability. This was the perspective of Comrade Bala Zakka, an energy analyst, who appeared as guest speaker in The Daily Africa Summit on the topic: “Ukraine-Russia War: Embargoes, Oil Market and Africa Economy”, Friday in Lagos. The analyst
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Seplat Energy PLC, a leading Nigerian energy company dual listed on both the Nigerian and the London Stock Exchanges, is pleased to announce that Mr. Basil Omiyi, CON, has been appointed as the Company’s new Independent Non-Executive Chairman, effective immediately. His appointment follows a thorough assessment of internal and external candidates and was approved after
NLNG wins Most Supportive Taxpayer Award By Eyo Nsima Nigeria LNG Limited has been recognised by the Federal Inland Revenue Service (FIRS) as its most Supportive Tax Payer. This recognition was conveyed via a Press Release issued by the Executive Chairman, Federal Inland Revenue Service (FIRS), Mr. Muhammad Nami, in which he commended the
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By Godswill Odiong Nigeria’s leading energy supplier, Seplat Energy Plc on Tuesday in Abuja launched its Tree4Life initiative, saying it will drive energy transition, socio-economic change and improving lives. “In a keynote address, Mr Roger Brown, CEO, Seplat Energy Plc said the company is driving the country’s energy transition towards cleaner, more reliable energy that
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The panel of judges for The Nigeria Prize for Science has received the entries from scientists worldwide for the 2022 edition, signalling the commencement of the race to find a winner with the best scientific or research work on the theme “Innovations in Sustainable Food Security.” The prize, worth $100,000, is sponsored by Nigeria LNG
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… Empathise with all users of petroleum products The Major Oil Marketers Association of Nigeria (MOMAN) has debunked claims by the Airline Operators of Nigeria (AON) that the cost of Aviation Turbine Kerosene (ATK), also known as aviation fuel, had risen to about N700 per litre from N190 per litre in some parts of the
Aviation fuel selling between 540 and 580 per litre-MOMAN Read More »
ENERGY TRANSITION: IOCs shift to gas as environmentalists, others battle against fossil fuel By Eyo Nsima The International Oil Companies, IOCs, have started shifting toward gas as environmentalists and others battle against fossil fuel production and consumption, according to African Energy Chamber, AEC. In its latest report, ‘The State of African Energy 2022’,
By Eyo Nsima The International Oil Companies, IOCs, have started shifting toward gas as environmentalists and others battle against fossil fuel production and consumption, according to African Energy Chamber, AEC. In its latest report, ‘The State of African Energy 2022’, obtained by The Daily (www.thedaily-ng.com), AEC, stated: “The shift away from crude oil is influenced
By Eyo Nsima Oil prices have risen to $115 per barrel as speculation spreads that further supply disruptions are imminent in the volatile market. For instance, the price of Nigeria’s Bonny Light, rose to $115.1 per barrel, from $108 per barrel, recorded on Thursday, this week. A close market watcher said, “The oil market is
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