Business
NNPCL MD Woos Gas Companies on Appropriate Pricing For Nationwide Penetration
Mele Kyari, the MD/CEO, Nigeria National Petroleum Company Limited (NNPCL) says that the company is determined to work with stakeholders in the gas sector to fix
appropriate gas pricing policy is the spark that will ignite the full development of the sector and ensure nationwide consumptions.
He stated this during the unveiling of the Gas Aggregation Company of Nigeria (GACN) new logo and identity in Abuja, Tuesday.
“To bring the recognition that we are a gas country with associated oil, we have to create the infrastructure that will deliver gas to the domestic market.
We have to create the market. That can only happen if there is appropriate pricing for gas.
Source: GOOGLE
“We will not enjoy anything unless we have the right pricing of gas, so that people can pay their bills, they will be able to pay for the gas they take and then we are also able to produce the gas that comes into the market,” he said.
In his address, Minister of Petroleum Resources (Gas), Ekperikpo Ekpo said, “The rebranding and expansion of GACN’s mandate symbolises a transformative state towards actualising the federal government of Nigeria’s ambitious vision for gas penetration nationwide in line with the already existing and legal policies to create a thriving domestic gas sector that will contribute to national development.
Speaking, the CEO, Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Engineer Farouk Ahmed said, the company was given a license by the agency to operate an expanded mandate in the domestic gas sector.
He said “The Domestic Gas Aggregation licence as provided for in the PIA underscores the focus and priority attention placed on the domestic gas market space.
“It is expected that this will stimulate vibrancy and efficiency and spur additional investments into the natural gas value chain in the country.”
On his part, the Managing Director (MD), GACN, Chijioke Uzoho said, “We have transformed from Gas Aggregation Company Nigeria Limited to ‘Gas Aggregation Company Nigeria Limited by Guarantee’. This signifies strategic transformation, expanding the company’s growth beyond just aggregating a comprehensive platform actively engaged in consolidating diverse resources, ideas and leadership players within the energy sector.
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Business
Traders shut down Enugu ‘s Obollo-Afor market over N25,000 haulage levy
However, Chairman of ESIRS, Emmanuel Nnamani, in a letter to the traders, said the haulage levy was not paid by traders buying or selling goods in the markets, but was applicable strictly to truck drivers plying interstate routes.
All shops and markets at Obollo-Afor, Udenu Local Government Area of Enugu State were shut yesterday, as traders staged a peaceful protest against alleged selective collection of a N25,000 haulage levy in the market.
The traders, who locked their shops and took to the streets in large numbers, carried placards with various inscriptions, alleging that the Enugu State Internal Revenue Service (ESIRS) had singled out Obollo-Afor Market for the collection of N25,000 haulage fee on every truckload of goods loaded or offloaded in the market.
However, Chairman of ESIRS, Emmanuel Nnamani, in a letter to the traders, said the haulage levy was not paid by traders buying or selling goods in the markets, but was applicable strictly to truck drivers plying interstate routes.
Addressing officials of the Udenu Local Government Council at the council secretariat, where the protesters marched to present their grievances, Chairman, Obollo-Afor Market Traders Association, Charles Eze, lamented that truck operators bringing foodstuffs, building materials, and other commodities to the market had stopped coming because of the levy.
Business
Nigeria’s oil production dropped by 4% in July – NUPRC
“In the month under review, the daily peak production of crude oil and condensate was 1.78mbpd, while the lowest daily production was 1.57mbpd.”
The Nigerian Upstream Regulatory Commission (NUPRC) data has shown Nigeria’s average daily oil production fell by four percent in July, 2026.
According to the NUPRC, Nigeria produced 1.505 million barrels per day (bpd) of crude oil and 0.17 million bpd of condensate, bringing the combined daily production to 1.67 million bpd.
The commission said the country met and exceeded its Organisation of the Petroleum Exporting Countries (OPEC) quota of 1.5 million bpd for the third consecutive month.
“In the month under review, the daily peak production of crude oil and condensate was 1.78mbpd, while the lowest daily production was 1.57mbpd.”
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