The Federal Government has revealed that the estimated performance of Nigeria’s domestic gas supply obligation increased by 14.14 per cent to 64.8 per cent in 2021. It pointed out that the country’s gas supply volumes are set to grow further in 2022 compared with the 50.66 per cent achieved in[Read More…]
Tag: NNPC
Marketers Threaten Strike, Protest N185/litre Fuel
The Independent Petroleum Marketers Association of Nigeria, says it will withdraw its service over constant increment on the price of the premium motor spirit in the Eastern part of the country. The marketers, recently, in a statement, blamed private depots for the hike in price. According to them, they were[Read More…]
Kerosene Price Up By 118.08% In One Year – NBS
Household kerosene may go beyond the reach of poor Nigerians as the price of the commodity has risen by 118 per cent in the last 12 months. According to the National Household Kerosene report of the Nigerian Bureau of Statistics for September, the average retail price per litre of the[Read More…]
NNPC records 16% increase in gas supply to Power in November
The Nigerian National Petroleum Corporation (NNPC) said that the daily average natural gas supply to gas-powered plants in November 2019 increased by 16.53 per cent to 645 mmscfd. The Corporation disclosed this in its Monthly Financial and Operations Reports (MFOR) released in Abuja, on Sunday. The increment, it said was[Read More…]
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FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]