The Department of Petroleum Resources (DPR) says it generated a total sum of N742,471,639,376. 96 billion for the Federal Government from January to August 2020.
The spokesman for the Vice-President, Mr. Laolu Akande, says the recent hike in electricity tariff will not affect Nigerians because the hike is targeted at only those who experience stable electricity for 12 hours and above.
The Management of Kano Electricity Distribution Company (KEDCO) says the new tariff increment as approved by Nigerian Electricity Regulatory Commission (NERC) is not applicable to all its customers in Kano, Katsina and Jigawa States.
The Minister of Information and Culture, Alhaji Lai Mohammed, made the revelation at Ibigwe in Ohaji Egbema Local Government Area of Imo State during a media tour of the Waltersmith Modular Refinery and Petro-Chemical Company Limited, which is due for commissioning next month.
Petroleum Tanker Drivers, PTD, Wednesday, ordered members to halt distribution of petroleum products from Lagos to the northern part of the country from tomorrow (Thursday) till further notice.
The Kano Electricity Distribution Company (KEDCO), says the new tariff regime approved by the Nigerian Electricity Regulatory Commission (NERC) will not affect lower electricity consumers in its franchise.
A Federal Government effort to forestall the nationwide mass protests and industrial action through meeting with organised labour, yesterday, was truncated as the meeting ended in a stalemate.
Nigeria Liquefied Petroleum Gas Association, NLPGA, has kicked against moves by the Petroleum Products Pricing Regulatory Agency, PPPRA, to impose administrative levy, despite the deregulation of the LPG sector.
The Kano Electricity Distribution Company (KEDCO) says it has adopted proactive measures to end prepaid meter complaints in its franchise.
Oil prices rose on Monday as a tropical storm in the Gulf of Mexico prompted drillers to evacuate rigs and shut-in production.
The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said when Dangote Refinery kicks off next year, it may not significantly reduce the price of petrol because the refinery will be selling at the international price.
The world’s top gold miners are retrenching after COVID-19 related shutdowns despite record prices for the yellow metal, with cost-conscious executives prioritizing investor returns over production growth.
Tanzania and Uganda signed an agreement Sunday to commence construction on a 1,445-kilometre (900 mile) oil pipeline through East Africa that conservation groups say threatens livelihoods and fragile ecosystems.
The Federal Government has concluded plans to distribute 2, 000 buses to cushion the effects of transportation on Nigerians, especially those living in rural dwellers.
The Managing Director/Chief Executive Officer, Benin Electricity Distribution Company (BEDC), Mrs Funke Osibodu, yesterday, allayed fears of customers in the franchise states over the new Service-Based Tariff, (SBT), saying that they will now pay appropriate rates for services rendered based on its availability.
The Department of Petroleum Resources (DPR) has sealed off four filling stations in Anambra for conducting their businesses without up-to-date operating licenses.
With nationwide efforts, China has basically controlled the unprecedented coronavirus pandemic, successfully resumed work and school and has gradually brought its economy back on track, were the words of Chinese Consul General in Nigeria, Chu Maoming.
American rapper Cardi B has explained why she filed for divorce from her husband, Offset, after three years of marriage.
Popular Nollywood actor, Toyin Abraham, says that there is no specific guideline to marriage, saying that it is not easy to move on after a divorce.
The United States has initiated the so-called snapback process to restore almost all previously lifted UN sanctions against Iran, U.S. Secretary of State Mike Pompeo said in a statement on Saturday.
The Peoples Democratic Party, PDP, has charged the Independent National Electoral Commission, INEC, the Department of State Services, DSS, to protect the governorship results in Edo North.
The Nigerian National Petroleum Corporation, NNPC, Wednesday, disclosed that its legal team won four major court cases bordering on disputes surrounding oil wells and export terminals that helped the country saved Nigeria N5.04 billion.
EU competition regulators on Thursday gave the green light to a 44-billion-euro (51.9 billion dollars) Italian recapitalisation scheme for virus-hit large companies.
The United Nations will mark its 75th anniversary Monday, celebrating the mantra that “multilateralism is not an option but a necessity,” even as the coronavirus underscores the fragility of international cooperation.
The management of Arik Air on Monday apologised to its customers whose travel plans were disrupted by the picketing of operations by some Aviation unions on Sept. 14.
While some embraced the decision of the government to close down the country, saying it was Israel’s only chance to decrease the number of COVID-19 patients, others have slammed the move. The reason for this is Netanyahu’s alleged inability to offer them financial assistance without which, they say, they won’t be able to stay afloat.