By Koforowola Fakeye, JKNewsMedia Reporter THE FEDERAL government (FG) attributes the recent increase in Liquefied Petroleum Gas (LPG) prices in the domestic market to prevailing market realities including foreign exchange volatility, rising logistics costs, infrastructure constraints and fluctuations in international LPG prices. JKNewsMedia....
By JKNewsMedia PROFIT AFTER tax at Nigerian National Petroleum Company (NNPC) Limited rose to N276 billion in March 2026, reflecting a 102.9 percent increase from the N136 billion recorded in February, as detailed in the company’s Monthly Report Summary. JKNewsMedia.com reports that the national oil firm disclosed that statutory payments betw...
By Jemimah Wellington, JKNewsMedia Correspondent POWER GENERATION is set to improve as had started within the last two weeks from March 28 to April 10, 2026, the Federal Government has said. Saying it is set on his commitment to delivering on its promises to Nigerians, a release signed by Bolaji Tunji, Special Adviser to the […]
Report RISING COSTS in the domestic gas market have pushed the price of Liquefied Petroleum Gas (LPG) to N1,500 per kilogramme, marking a 14.3 percent increase from N1,300 recorded last month. Market checks by Vanguard newspaper indicated that cooking gas now sells as high as N1,500 per kilogramme across several locations, reflecting a sustai...
By Jemimah Wellington, JKNewsMedia Correspondent EXPANDED MANDATE has been approved for the Presidential Initiative on Compressed Natural Gas (PICNG), marking a shift in the government’s approach to transportation and energy use. JKNewsMedia.com reports that the initiative will now operate as the Presidential Initiative on CNG and Electric Ve...
By JKNewsMedia SEVERING TIES with the national grid has moved closer for the Aso Presidential Villa in Abuja, with work on its solar power initiative reaching the final stage and full transition targeted for March 2026. JKNewsMedia.com reports that Temitope Fashedemi, State House Permanent Secretary, disclosed this on Wednesday while presenti...
By Jemimah Wellington, JKNewsMedia Correspondent PRESIDENTIAL APPROVAL has been granted for investment-linked incentives to support the proposed Bonga South-West deep offshore oil project by Shell and its partners endorsed by President Bola Tinubu in Abuja, Thursday. JKNewsMedia.com reports the President as directing his Special Adviser on En...
By Jemimah Wellington, JKNewsMedia Correspondent AN ESTIMATED N187bn revenue loss has been recorded in Nigeria’s power sector following an increase in unbilled electricity supply, industry data show. The data indicate that a significant portion of electricity generated and distributed during the period was not billed to end users. Industry fig...
By JKNewsMedia Reporter OPERATIONS HAVE resumed on the Escravos Lagos Pipeline System following the successful restoration of the major gas transportation asset in Warri, Delta State, Nigerian National Petroleum Corporation (NNPC) Limited, has announced. In a signed statement by Andy Odeh, Chief Corporate Communications Officer of NNPC Limite...
By Jemimah Wellington, JKNewsMedia Correspondent POWER AVAILABILITY nationwide is expected to improve within the next 24 to 48 hours following a significant drop in generation caused by the recent explosion on the Escravos Lagos gas pipeline, the Nigerian Independent System Operator (NISO) has said. The operator disclosed this in a statement ...
