Dangote Petroleum Refinery has refuted reports suggesting that the recent reduction in pump prices by petroleum marketers was triggered by the Federal Government’s reversal of the 15 per cent import tariff on petroleum products. In a statement on Monday, the company described the publications as “misleading, false, and inconsistent with market realities.” According to the […]
Germany’s expansion of solar power generation has led to a decline in electricity prices, helping to save billions each year, a study found on Wednesday. Without solar energy, the market price for electricity would have been 15% higher on average last year, according to the research conducted by consulting firm Enervis on behalf of the […]
LAGOS EYE NEWS – The Nigerian National Petroleum Company Limited (NNPC Ltd.) has commended President Bola Ahmed Tinubu for championing Nigeria’s latest global energy milestone following the election of Dr. Philip Mshelbila, Managing Director of Nigeria LNG Limited (NLNG), as the new Secretary General of the Gas Exporting Countries Forum (GECF). Dr. Mshelbila’s election, announced […]
The Ondo State Government has announced plans to commence a meter installment payment scheme for residents and communities across the state, marking a significant step toward ending estimated billing and promoting transparency in electricity usage. According to the Commissioner for Energy and Mineral Resources, Engr. (Dr.) Johnson Alabi, the initiative implemented through the Ondo State […]
The Eko Electricity Distribution Company Plc (EKEDP) has announced the formal registration of Excel Electricity Distribution Company Limited as a wholly owned subsidiary to manage its power distribution business in Lagos State. The development, according to EKEDP through a statement on Tuesday complies with directives from the Lagos State Electricity Regulatory Commission (LASERC) in line […]
The Coalition of Yoruba Students and Youths Movement (COYSM) on Monday staged a peaceful protest in Ibadan against the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN), and the National Union of Petroleum and Natural Gas Workers (NUPENG). The protesters, who converged at […]
The cost of Liquefied Petroleum Gas (LPG), popularly known as cooking gas, has surged sharply across several Nigerian cities, including Lagos, Ogun, Ibadan, Port Harcourt, Cross River, Kano, and Kaduna, following a nationwide shortage. The scarcity was sparked by a three-day strike by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), which […]
Dangote Refinery has announced a nationwide reduction in petrol prices as it fixes Monday, September 15, 2025, for the commencement of its direct fuel distribution initiative. The company, which had earlier scheduled the programme for August 15, said the delay was to finalize logistics for the deployment of its 4,000 compressed natural gas trucks that […]
Governor Ademola Adeleke has described the newly passed Osun Electricity Bill as a strategic move to revamp the state’s economy and resolve the long-standing electricity supply challenges. Speaking in response to the bill’s passage by the Osun State House of Assembly, Governor Adeleke noted that the new law will unlock vast investment opportunities, particularly in […]
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