LAGOS — Importers of Liquefied Petroleum Gas, popularly called cooking gas, have stopped importing the commodity. Investigations also show that the cost of the product increased by 240 per cent for 12.5kg, jumping from N3,000 to N10,200 between January and October. About 65 per cent of LPG is imported into Nigeria, while domestic production accounts for 35 per cent, hence the halt in imports could further shoot up cooking gas price if the situation is...

ABUJA —  The Nigeria National Petroleum Company (NNPC) Limited, started its new week on a cheerful note as the country on Monday stepped into the global Liquefied Natural Gas (LNG) market for the first time in 22 years. It was a step expected to strengthen Nigeria’s footprint in the global LNG market after the lifting that occurred from Bonny Island, Rivers State. The maiden LNG export from NNPC LNG Ltd, an arm of the NNPC...