Arewa leaders have condemned the fuel scarcity experienced across the country, urging the management of NNPC to investigate the cause and punish the culprits.
Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, yesterday disclosed that Nigeria lost about $21billion (N7.6 trillion) to International Oil Companies (IOCs) operating in the country as a result of non-implementation of the Production Sharing Contract (PSC) Act of 1993.
The Nigeria Union of Petroleum and Natural Gas Workers on Wednesday assured motorists of regular supply of petroleum products to filling stations during the Yuletide and beyond.
The NNPC also stated that its subsidiary company in charge of its downstream petroleum businesses, the Nigerian Products Marketing Company (NPMC), has increased the number of petrol trucks that leave its depots across the country with petrol to 1,300 per day.
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) on Wednesday assured motorists of regular supply of petroleum products to filling stations during the Yuletide and beyond.
Motorists and commuters in the ancient city of Kano are now experiencing untold hardship, following the acute fuel scarcity.
The World Bank has its renewed commitment to support the Federal Government’s Power Sector Recovery Programme (PSRP), with a proposed $1 billion Performance Based Loan (PBL).
Minister of Science and Technology, Dr Ogbonnaya Onu, has said that the Federal Government will give priority to renewable energy so as to improve the living standards of Nigerians.
While fuel scarcity seems to have eased in some cities across the country, fuel consumers in Abuja have decried the persistent long queues in the Federal Capital Territory, accusing the Nigerian National Petroleum Corporation (NNPC) of irrational distribution of products.
Concessionaire of Kainji and Jebba Hydro Electric plants, Mainstream Energy Solutions Limited (MESL), has injected a fresh $26 million (about N9.360 billion) into the Kainji Hydro Power Plant to rehabilitate its Hydro Turbine Generator unit 1 G 7.
Less than two weeks after OPEC’s decision to extend oil production cuts, Libya and Nigeria, are signaling their intent to raise output in 2018.
In a bold move to halt frequent scarcity of petroleum products in the country, the Independent Petroleum Marketers’ Association of Nigeria (IPMAN), may have concluded plans to establish its own refinery and oil tank field in the country.
Nigeria’s electricity generation has hit 7,000 megawatts, the highest in the history of Nigeria, but a large proportion of the generation is idle.
Addax Petroleum Development Limited, in collaboration with the Nigeria National Petroleum Corporation, NNPC, plans to investment about $3-5 billion to optimize its operations in Nigeria and increase production from its existing assets, both onshore and offshore, part of which includes its current drilling activities in the Njaba field in the oil mining lease, OML 124.
The National Bureau of Statistics (NBS), said India was the largest export market for Nigeria in the first quarter (Q1) of 2019 with a net worth of N744.9 billion.
The Nigerian Civil Aviation Authority (NCAA) says it has begun full-scale investigation to ascertain the viral video of the helicopter that landed on the Benin-Ore Expressway on Sunday.
Detectives from the Defence Headquarters, (DHQ) Abuja, and the Department of State Services (DSS) have arrested 14 suspects in connection with the murder of the former Chief of Defence Staff, Air Chief Marshal Alex Badeh.
Desmond Afoah, a popular YouTube personality known as Etika who created Nintendo-centric videos, was found dead, the New York Police Department said today.
The President of the Senate, Dr. Ahmad Lawan, has said that there was nothing like jumbo salary for National Assembly members as being speculated in some quarters.
In order to address the challenges of Insufficient resources and funding faced by various government agencies (MDAs), ministries and Departments, the Head of the Civil Service of the Federation, Mrs Winifred Ekanem Oyo-Ita, has said that Federal government is working to ensure that they are equipped to generate their own income.
Super Eagles forward Ahmed Musa has explained why he did not start the Africa Cup of Nations opener against Burundi on Saturday evening, admitting that he was not fully fit.
More than six top Nigeria Professional Football League (NPFL) clubs are ready to battle themselves and MFM FC of Lagos management for the services of coach Fidelis Ilechukwu.
One of the bookrunners handling Airtel Africa Ltd.’s planned initial public offering on the London Stock Exchange said on Monday it had received indications of interest worth about $200 million from pre-IPO investors.
The Nigerian Navy (NN) on Saturday warned its personnel to stay away from drugs in order to perform their assigned tasks optimally.