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DPR generates N742.4 billion revenue in eight months

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.

Presidency: Electricity tariff hike won’t affect most Nigerians

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 Department of Petroleum Resources (DPR), Osogbo field Office, has sealed 15 Liquefied Petroleum Gas (LPG) skid stations for operating without valid licences.

DPR generates N742.4 billion revenue in 8 months

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.

Kano Disco clarifies new tariff increment, assures customers of improved supply

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.
5000bpd Modular Refinery in Ibigwe, Imo State.

Nigeria: We’ll get fuel at cheaper price soon – minister

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.
Fire explosion was on Wednesday averted in Onitsha Anambra State when a fuel tanker crashed on top of the River Niger bridge, spilling its contents on the highway.

Fuel tanker drivers to cut off northern distribution over Niger’s roads closure

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.

DISCO: New tariff only affects major electricity consumers

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.
President of the Nigeria Labour Congress (NLC), Mr Ayuba Wabba

Nigerian government, labour talks on fuel price hike end in stalemate

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.

NLPGA urges members to ignore PPPRA on administrative levy

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.

Kano Disco move to end prepaid metre complaints in Kano

The Kano Electricity Distribution Company (KEDCO) says it has adopted proactive measures to end prepaid meter complaints in its franchise.
The Egyptian Ministry of Petroleum and Mineral Resources announced on Thursday a new oil discovery in the shallow waters of Geisum concession south of the Gulf of Suez, with an initial production rate of 2,000 barrels of crude oil per day.

Oil moves higher as storm threatens United States Gulf Coast

Oil prices rose on Monday as a tropical storm in the Gulf of Mexico prompted drillers to evacuate rigs and shut-in production.
File photo- Construction work at the Dangote refinery and fertiliser site in Lekki Lagos. Company complying with Local Content Act

Dangote refinery will sell petrol at international price – minister

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.
Workers are seen underground South Africa's Gold Fields South Deep mine in Westonaria, 45 kilometres south-west of Johannesburg, South Africa, March 9, 2017. REUTERS-Siphiwe Sibeko-File Photo

World’s gold miners wary of production ramp-up despite price surge

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, Uganda ink deal on $3.5 billion oil pipeline project

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.
Nigerian National Petroleum Corporation (NNPC)

NNPC to setup CNG refilling plants nationwide

The CNG (methane stored at high pressure) is a fuel that can be used in place of gasoline, diesel fuel and liquefied petroleum gas (LPG) and its combustion produces fewer undesirable gases than the aforementioned fuels.
Sen. George Akume, Minister of Special Duties and Intergovernmental Affairs made the call at the formal inaugural ceremony of eight members of the Governing Board of the NNMA on Friday in Abuja.

Fuel subsidy removal: Nigerian government to distribute 2, 000 buses to mitigate effects on...

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.
Benin Electricity Distribution Plc. (BEDC)

Benin Disco allays fears on new electricity tariff system

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), Osogbo field Office, has sealed 15 Liquefied Petroleum Gas (LPG) skid stations for operating without valid licences.

DPR seals four filling station for irregular operating license in Anambra

The Department of Petroleum Resources (DPR) has sealed off four filling stations in Anambra for conducting their businesses without up-to-date operating licenses.

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Chu Maoming

China remains largest supplier of global anti-epidemic items – envoy

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 debunked claims that she filed for divorce because her estranged husband Offset is expecting a baby from another woman.

Cardi B: Why i filed for divorce from Offset

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.

Toyin Abraham: Why it is difficult to move on after divorce

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.
United States Secretary of State Mike Pompeo on Monday said United States Ambassador to China Terry Branstad would leave the post.

Mike Pompeo: US initiates ‘snapback’ process to reimpose sanctions on Iran

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.

Edo election: PDP charges INEC, security agents to protect Edo North votes

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.