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Gas Revenue Up 64.3% To N119.4bn In Q1’22
Latest data from Nigerian National Petroleum Corporation has shown that Nigeria’s revenue from gas sales rose by 64.32 percent in the first quarter of 2022 (Q1’22). This is an increase to N119.4 billion compared to N72.64 billion recorded in the corresponding period last year. NNPC data also showed that gas revenue in the first quarter…
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Firms Consume 85,264.8MT Of Gas In August
The Petroleum Products Pricing Regulatory Agency has said that a total of 85,264.8 Metric Tonnes of Liquefied Petroleum Gas consumed in the country in August. This was stated in a statement signed by its Executive Secretary, Abdulkadir Saidu. Of the total 85,264.803 metric tonnes supplied nationwide, 38,040.457MT of the total volume supplied was sourced locally,…
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Nigeria’s Gas Production Declines By 3% In One Year
Nigeria’s gas production has recorded a marginal decline by three per cent to 3,004.06 Billion Cubic Feet (BCF) in one year. This development, which is a major setback, is coming as a negative momentum to the Federal Government’s determination in improving the utilisation of gas in the country. According to statistics from the Nigeria National…