Eterna Plc plans to achieve N21.05bn turnover for the first quarter of 2021, the company has said. The company projected to rake in N156.40m profit before tax and N106.36m profit after tax during the stipulated period. It revealed this in its Q1 learning forecast obtained from the Nigerian Stock Exchange.
There appears to be solace for Nigerians as they have been charged to embrace gas as an alternative to fuel in the country amid an increased price of Premium Motor Spirit known as petrol.
As the Nigerian National Petroleum Corporation projects an increase in oil and gas output sales between 2021 and 2023, it has planned to generate no less than N11.39tn revenue in 2021.
The Federal Government said at least one million vehicles across the country, would be converted to run on autogas before the end of 2021, as President Muhammadu Buhari (retd.), will roll out the National Gas Expansion Programme on Tuesday.
The Governor of Lagos State, Mr Babajide Sanwo-olu and the Minister of State for Petroleum Resources, Chief Timipre Sylva have expressed optimism about the newly-inaugurated 8,400 metric tonnes Liquefied Petroleum Gas (LPG) terminal built by Techno Oil Limited in Lagos State.
The Nigeria Liquefied Petroleum Gas Association says it will examine how to accelerate economic recovery through gas at its forthcoming 10th International Annual LPG Conference next week.
President Muhammadu Buhari on Tuesday ordered the Nigerian National Petroleum Corporation (NNPC) and the Department of Petroleum Resources (DPR) to ensure regular crude supply to Watersmith and other modular refineries in the country to enable them to operate optimally.
President Muhammadu Buhari is set to commission the 5,000 barrels per day Waltersmith Modular Refinery and conduct the ground-breaking ceremony for the 45,000 barrels per day refinery expansion project at Ibigwe, Ohaji/Egbema Local Government Area of Imo State on Tuesday (today), November 24, 2020.
The Federal Government in a bid to make the importation of petrol into Nigeria competitive and help reduce the commodity’s rising cost is to make the dollar accessible to oil marketers.
Nigerian Minister of State for Petroleum, Timipre Sylva, has said Nigerians would soon get used to hiking in the price of fuel, saying that petrol price would always increase whenever oil rate had gone up.