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A 40-year-old woman named Rafiat Sheriff and her seven-year-old daughter, Asisat Sheriff, were killed in a gas explosion at their home on Church Street, along Èbúté Road, in the Ibafo area of Ogun State. the incident, which occurred at about 8:30 pm on Saturday, left two other persons with varying degrees of injuries. The deceased, our correspondent learnt, had instructed her seven-year-old daughter to light the gas cylinder to prepare […]
The Federal Government, on Monday, announced that the new price of natural gas for power generation companies is now $2.42 per metric million British thermal unit, higher than the previous rate of $2.18mmbtu. Nigeria generates over 70 per cent of its electricity from thermal power plants that are fired by gas. Therefore, the rise in the cost of the commodity may lead to a hike in the tariff payable by […]
The Secretary of the Plateau state chapter of the Pharmaceutical Society of Nigeria, Pharmacist Kim Bot, who was kidnapped on Wednesday by bandits has been set free.
The National Pension Commission has dismissed documents in circulation purporting that its Director-General, Mrs. Aisha Dahir-Umar, spent millions of dollars on travel during the COVID-19 pandemic. In a statement, PenCom described said the accusation against the director-general was a figment of the imagination of its promoters. It maintained that Dahir-Umar could not get the ‘humongous estacodes’ even if she spent two years outside the country. PenCom said, “Management would like […]
Price of petrol may to rise further as international market data revealed that the commodity has gained 20 per cent. At the beginning of 2023, Brent crude traded around $78 per barrel. However, last week, the international benchmark hit $83 per barrel. On the other hand, petrol prices started the year at less than $2.50 per gallon. Last week, it hit $2.90 per gallon, and analysts said it could reach […]
The Speaker of the House of Representatives, Rep. Tajudeen Abbas, has inaugurated an Ad hoc Committee to investigate the alleged $9.05 billion revenue loss from gas flaring in the last decade in Nigeria. Abbas, at the inauguration of the House ad hoc committee on Gas Flaring on Monday, charged the committee to get to the root causes of gas flaring and make recommendations to end the menace. He said that […]
A new gas pricing template for the power sector and gas-based industries has been developed and currently awaits the approval of President Bola Tinubu, the Nigerian Midstream, and Downstream Petroleum Regulatory Authority announced on Wednesday. It was also revealed that the legacy gas debts of the power sector to gas suppliers in Nigeria had risen to about $1bn, as efforts were ongoing to finalise the figures and find a comfortable […]
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