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Oil marketers insist on full deregulation

The independent oil marketers operating under the aegis of the Private Depot of Oil and Gas Marketers Association of Nigeria (PDOGMAN) has impressed on the federal government the need to embark on full deregulation of the downstream sector of the nation’s oil and gas industry, saying this would benefit the economy on the long run.

NUPENG issues two-week ultimatum to government over bad roads

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has given the Federal Government a two-week ultimatum to rehabilitate the bad roads across the country.
President of the Nigeria Labour Congress (NLC), Mr Ayuba Wabba

NLC demands new petrol price reversal

The Nigeria Labour Congress (NLC) has kicked against the new fuel price of N143.8 announced by the Petroleum Products Price Regulatory Agency (PPPRA) on Wednesday, saying “this might just be the last straw that would break the camel’s back.”

Former central bank chief tasks federal government on ailing refineries

Dr Titus Okunronmu,a former Director, Budgetary Department, Central Bank of Nigeria (CBN) has urged the Federal Government to resuscitate all the nation’s refineries towards addressing the problem of fuel importation.

NUPENG threatens strike over bad roads, extortion

The Nigerian Union of Petroleum and Natural Gas Workers (NUPENG) has threatened an industrial action over the poor state of roads in the country.

Senator Suswam identifies problem with power sector

The lack of quality data is the basic and most fundamental problem in the Nigerian power sector, the Chairman of the Senate Committee on Power, Gabriel Suswam (PDP-Benue), has said.
Speaker of the House of Representatives, Rep. Femi Gbajabiamila on the floor, moving a bill on the Repeal of Quarantine Act, 2004 at plenary yesterday at National Assembly Abuja. . Photo by Gbemiga Olamikan. 2

Tariff hike: Electricity consumer group says National Assembly intervention timely

A group, All Electricity Consumers Protection Forum, on Thursday commended the National Assembly for playing a pivotal role in halting the increment in tariffs by the electricity Distribution Companies (DisCos).

Petrol price hike a move to end subsidy regime – expert

Nigeria’s first professor of the Capital Market and former Imo State Finance Commissioner, Prof Uche Uwaleke, on Wednesday described the hike in petrol price from N123.50k/litre to a price band of N140.80 to N143.80 as an indication that the Federal Government was ready to gradually exit the fuel subsidy regime.

AKK gas pipeline commercially viable, can repay in 10 years – contractor

Mr Emeka Okwuosa, Chairman Oilserv Ltd., says the Ajaokuta-Kaduna-Kano (AKK), gas pipeline project is commercially viable and can service its loan before the stipulated time frame.

Petrol to sell for N140 per litre in July as PPPRA recommends price hike

The PPPRA says the recommended petrol retail band for a litre of petrol is now between N140.80 and N143.80.

Shell completes 20km gas pipeline to connect industrial zones in Aba

Shell Nigeria Gas (SNG) has completed the final phase of its 20km domestic gas pipeline expansion project in Abia State, connecting Agbor Hill, Osisioma and Araria industrial zones.
Kano State Governor Abdullahi Umaru Ganduje

Governor Ganduje: Gas pipeline project will restore Kano’s position in West Africa

Governor Abdullahi Umar Ganduje of Kano State has described the flagging-off of the construction phase of Ajaokuta-Kaduna-Kano Gas Pipeline project by President Muhammadu Buhari as a demonstration of political will to fast track the re-industrialisation of the country as well as restore the glory as a business hub.
Electricity pylons carrying power from Koeberg nuclear power plant are seen in Cape Town, South Africa, on July 11, 2018. REUTERS-Sumaya Hisham-File Photo

DisCos: Why National Assembly suspended electricity tariff increase

The call for the suspension of the proposed service reflective tariff was initiated by the National Assembly on Monday due to their concerns on its timing and what they saw as lapses in the internal workability of the plan within the sector.
A man is silhouetted against the logo of the World Bank at the main venue for the International Monetary Fund (IMF) and World Bank annual meeting in Tokyo. REUTERS-Kim Kyung-Hoon

Power: World Bank loan will unlock economic growth – capital market operator

A capital market operator, Mr Godwin Anono, says the World Bank loan of $750million to fix energy challenges in the country will unlock the country’s economic growth.
Nigerian National Petroleum Corporation (NNPC)

NNPC: China, Sinosure to finance $2.6 billion AKK gas pipeline

The Nigerian National Petroleum Corporation (NNPC), Monday, disclosed that financing for the Ajaokuta-Kaduna-Kano (AKK) gas pipeline would be provided by China and Sinosure.

Botswana taps into strategic fuel reserves to ease shortages

Botswana has tapped into its strategic fuel reserves to alleviate shortages caused by import delays during the coronavirus crisis and also what the government has called panic-buying.

Crude oil theft: Host communities to engage 10,000 vigilance operatives

The Host Communities of Nigeria Producing Oil and Gas (HOSCON) says it will engage 10, 000 youths in petroleum production to safeguard the country’s crude oil from theft.
The Petroleum Products Pricing Regulatory Agency (PPPRA) is set to commence a comprehensive audit and survey of downstream oil and gas logistic facilities, with a view to identifying the infrastructure gap in the sector

PPPRA: Why we still provide ‘guiding price’ for petrol despite ‘deregulation’

The Petroleum Products Pricing Regulatory Agency (PPPRA) says it is no longer fixing the pump price of Premium Motor Spirit (PMS) also known as petrol for marketers.

Recent Stories

NCF not a political party yet – spokesman

The newly formed National Consultative Front (NCF) has said it was yet to metamorphosed into a political party but remains a meeting of like minds to chart a way of getting the country out of the wood.
Head of Civil Service of the Federation, Dr Folasade Yemi-Esan, whose appointment was confirmed last week by President Muhammadu Buhari, also reiterated her commitment to giving focal and priority attention to capacity building.

Nigerian government warns civil servants against flouting coronavirus guidelines

The Federal Government has warned federal civil servants against flouting the workplace guidelines put in place to flatten the curve of coronavirus pandemic in the country.

Former Enugu SSG Samson Ukpabi passes on

A former Secretary to Enugu State Government and former Rector Nigerian Defence Academy (NDA), Kaduna Prof Samson Ukpabi is dead.
US President Donald Trump looks on as he hosts the 2020 “Salute to America” event in honor of Independence Day on the South Lawn of the White House in Washington, DC, July 4, 2020. (Photo by SAUL LOEB - AFP)

US Sunbelt mayors push back against Trump’s virus optimism

US Sunbelt mayors warned Sunday that their cities are at risk of being overwhelmed by a surge of coronavirus cases as they pushed back against US President Donald Trump’s attempt to minimize the gravity of the spreading virus.
Governor Rotimi Akeredolu of Ondo State

Ondo governor appoints two new aides

Gov. Oluwarotimi Akeredolu of Ondo State has approved the appointment of Mr Oluwole Moneyin and Mrs Charity Thiti, as Special Assistants on special duties and women mobilisation respectively.