Thursday, November 15, 2018

Tag "Gas"

    NEITI to hold conference on remedial issues

NEITI to hold conference on remedial issues

The Nigeria Extractive Industries Transparency Initiative (NEITI) is set to hold a conference on resolving outstanding remedial issues in the oil, gas and mining sector.In a statement on Friday, Ogbonnaya Orji, director, communications and advocacy of NEITI, said experts across the extractive industries have been invited for the conference."Experts across the extractive industries value chain have been assembled to review the status [...]

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    Two killed as gas explodes in Nasarawa

Two killed as gas explodes in Nasarawa

Two people lost their lives following a gas explosion along Jos road, Lafia, Nasarawa state capital, on Monday.The tragic incident happened around 10am. Workers were said to be offloading gas at Natson filling station when it exploded.The incident was attributed to gas leakage. Vehicles, shops and offices were destroyed in the inferno.Officials of the Federal Road Safety Corp (FRSC) and [...]

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    Firm ‘to build’ 510km gas pipeline

Firm ‘to build’ 510km gas pipeline

Axxela, a gas and power company, has disclosed its plan to build a 510-kilometer gas pipeline network across some states.According to the company, the project would commence in Ibadan, Oyo state and run through the towns of Osogbo, Ogbomosho, Ilorin, Ado-Ekiti, terminating in Jebba in Kwara state.The company said the proposed pipeline project was conceived as part of the Nigeria [...]

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    Fashola says lack of gas, sabotage behind poor power supply

Fashola says lack of gas, sabotage behind poor power supply

Babatunde Fashola, minister of power, works and housing, says the insufficient availability of gas has made it difficult to fuel power plants, hence the erratic supply of electricity to Nigerians.Fashola said gas suppliers haven't been "fully paid" as a result of liquidity problems and also noted that pipeline sabotage by Niger Delta militants had greatly affected power output.The minister made this known on [...]

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    Ambode presents 2017 budget, set to commence 4th mainland bridge

Ambode presents 2017 budget, set to commence 4th mainland bridge

Akinwunmi Ambode, governor of Lagos state, on Tuesday presented the 2017 budget of N812.99 billion to the state house of assembly for approval.The budget, tagged: 'Golden Jubilee Budget' is N150.4 billion higher than the 2016 budget which stood at N662.58 billion.The 2017 budget has a capital expenditure of N512.46 billion and a recurrent expenditure of N300 billion.The capital and recurrent [...]

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    Kano residents lament hike in price of cooking gas

Kano residents lament hike in price of cooking gas

Cost of cooking gas has shot up by about 38 per cent in Kano, prompting outcry by households who rely on it for cooking.Survey by NAN indicated that the cost of refilling a 12kg cylinder had risen from between N2,700 and N3,000, to a minimum of N3,400Refilling a 6kg cylinder now costs N1800, as against the former price of between [...]

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Exchange Rates

November 13, 2018USDGBPEUR
INTERBANK306397354
LAGOS359475418
KANO359476420
PH360476420
ABUJA359478419
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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