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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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 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.
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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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.
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.
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.
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.
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NNPC saves Nigeria $5.04 billion in four court victories
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 okays €44 billion Italian recapitalisation scheme for virus-hit companies
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.
UN marks 75th anniversary facing world split by pandemic
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.
Arik Air apologises to passengers over flights disruption
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.
Israel re-imposes nation-wide lockdown
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.