NNPC Adopts Third Party Financing For Oil, Gas Projects       The Nigerian National Petroleum Corporation on Tuesday said it was currently focusing on third party financing of oil and gas development projects. Group Managing Director, NNPC, Mele Kyari, said this while playing host to the Chairman, Revenue...

Supply Of Nigeria’s LPG Rises By 34.7% In 11 Months         The supply of Liquefied Petroleum Gas, LPG, also known as cooking gas, has increased to 793,000 metric tonnes, MT in the first 11 months of 2020. Information available to Energy Vanguard showed that domestic supply stood...

New Gas Project To Add N2.8trn To Nigeria’s Economy         About N2.8 trillion-revenue is expected from a new 200 million cubic feet gas project being promoted by the Nigerian Petroleum Development Company (NPDC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC). This revenue is expected to...

We Passed 2021 Budget In Good Time, Says Gbajabiamila         Speaker of the House of Representatives, Femi Gbajabiamila on Monday, said that the parliament passed the 2021 budget in good time to ensure the country maintains the January to December budget cycle started last year. Speaker’s submission...

Fed Govt Records N1.29trn Fiscal Deficit In Three Months       The Federal Government recorded a fiscal deficit of N1.29tn during the third quarter of 2020. This was disclosed in the third-quarter economic report of the Central Bank of Nigeria released on Sunday. The CBN said, “At N2.27tn, federally...

Electricity: Gas, Transmission, Distribution Facilities Hinder 10,106MW Generation         A total of 10,106.8 megawatts of electricity could not be generated by the nation’s power plants last week amid lingering challenges in the Nigerian electricity supply industry. Daily electricity generation in the country averaged 4,601.33MW last week as...