Despite last month’s impressive production and importation figures for Liquefied Petroleum Gas, the cost of the commodity is defying all odds, rising almost weekly. The situation has aggravated public concerns of the public, which fear that the commodity may get out of hand, reports. All things being equal, the disclosure by
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Gbenga Komolafe, chief executive officer (CEO) of the Nigerian Upstream Regulatory Commission (NURC), has asked his management team to double their efforts to increase the country’s oil revenue. Komolafe said this at the defunct Department of Petroleum Resources (DPR) office in Abuja. On Monday, Timipre Sylva, minister of state for petroleum resources,
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A new machine-learning system costs less, generates less waste, and can be more innovative than manual discovery methods. The growing popularity of 3D printing for manufacturing all sorts of items, from customized medical devices to affordable homes, has created more demand for new 3D printing materials designed for very specific uses. To
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The Nigerian National Petroleum Corporation (NNPC) spent N1.165 trillion to subsidize petrol, for oil exploration and remittance to the Federation Account Allocation Committee (FAAC) in seven months of this year. According to NNPC monthly FAAC report for September, the three expenditure items gulped 57 percent of the total revenue distribution
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Fresh and damning facts are emerging about the 3,050 megawatts (MW) Mambilla Hydropower Project (MHP) in Taraba State as residents accuse authorities of perennial extortion with a promise of compensation ahead of relocating them, investigation by Trust TV revealed.Part of the report, which will be aired at 11am today (20
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The Standards Organisation of Nigeria, SON, is set to drive up the country’s position under the United Nation’s Sustainable Development Goals, SDGs, objectives in terms of quality of goods manufactured in Nigeria and those imported into the country. It however, called for collaboration of all stakeholders in the economy to achieve
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In the digital age, every byte of data needs to go somewhere—and preferably stay there a long time. That last part is a major problem when it comes to data-storage systems, which typically last less than 20 years. A group of Harvard chemists is trying to solve the issue with
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Minister of State, Petroleum Resources, Mr Timipre Sylva yesterday said the Department of Petroleum Resources (DPR), the Petroleum Products Pricing Regulatory Agency (PPPRA) and the Petroleum Equalisation Fund (PEF) are now technically dead in line with the dictates of the recently-signed Petroleum Industry Act (PIA) that created new agencies to
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THE Federal Government, through the Department of Petroleum Resources, DPR, the regulatory agency in the Nigeria Oil and Gas Industry, has cancelled the operating licences of two oil firms; NOV Oil and Gas Services Nigeria Limited as well as Nov Oilfield Solutions Limited (National Oilwell Varco) over alleged breach of
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Over 66 percent of domestic gas supply in September 2021 was produced locally, according to the Petroleum Products Pricing Regulatory Agency (PPPRA). The General Manager, Corporate Services, Mr. Kimchi Apollo, who made this known in a statement on Sunday explained that Nigeria produces locally, a major portion of the LPG consumed in
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