Energy

NSCDC warns against fuel hoarding

The Commandant General, Nigeria Security and Civil Defence Corps, Abdullahi Gana Muhammadu, has warned petrol dealers in the country against inflicting hardship on the people by hoarding the product.

Normalcy gradually returns in Lagos filling stations

Normalcy seems to have returned to petrol stations within Lagos metropolis as most of them were seen selling petrol on Thursday.

Petrol should sell for N182.17 based on landing cost – DAPAMA

The Depot and Petroleum Products Marketers Association blamed the Nigerian National Petroleum Corporation for the scarcity in the country due to the shortfall in supply to depots.

Filling stations selling fuel above pump price risk paying N275 per litre as punishment...

Executive Secretary of Department of Petroleum Resources, Mr. Modecai Ladan, has warned that filling stations that hoard fuel or sell above pump price will be sanctioned.

Fuel scarcity caused by supply shortfall – Ibe Kachikwu

Minister of State for Petroleum Resources, Dr Emmanuel Ibe Kachikwu, says the major cause of the fuel scarcity currently being witnessed across the country is shortfall in supply of petroleum products.

Why marketers hiked petrol pump price to N158 per litre – IPMAN

The Akwa Ibom chapter of Independent Petroleum Marketers Association of Nigeria (IPMAN) says its members are currently lifting fuel at the cost of N144 per litre as against N133.28 approved by government.

PENGASSAN threatens nationwide strike

One of Nigeria’s two main oil unions on Thursday threatened to launch a nationwide strike from Dec. 18 over what it said was a “mass sacking of workers that joined the union”.

Fuel scarcity: DPR to sanction erring depots

The Department of Petroleum Resources (DPR) has come down hard on depot owners across Lagos state.

NUPENG blames cabal for fuel scarcity

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), has attributed the ongoing scarcity of fuel across the country on a cabal in the downstream sector.

Petrolex plans $3.6bn oil refinery for Ogun

Nigeria is set to get another new oil refinery as a government push to end fuel imports attracts investors to the industry.

Senate threatens to arrest NAPIMS chief Roland Ewubare

The Senate Committee on Local Content has ordered Mr. Roland Ewubare, the Group General Manager of National Petroleum Investment and Management Service (NAPIMS) to appear before it in the next 24 hours or risk being slammed the sanctions of shunning Senate’s invitation.

Federal govt orders minister Ibe Kachikwu to end fuel scarcity by weekend

The Federal Government has ordered the Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, to ensure that the fuel scarcity currently being experienced across the country does not extend beyond this weekend.

DPR seals of NNPC station in Ogun over safety lapses

A Nigerian National Petroleum Corporation (NNPC), an affiliate filling station at Apomu near Ifo, in Ifo Local Government Area of Ogun State, has been sealed by the Department of Petroleum Resources (DPR), on Wednesday, over safety measures.

Federal govt orders minister Ibe Kachikwu to end fuel scarcity before weekend

The Federal Government has ordered the Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, to ensure that the fuel scarcity currently being witnessed across the country does not extend beyond this weekend.

Petrolex to invest $6 billion in Nigeria’s oil, gas sector

An indigenous oil company, Petrolex Ltd., says it has set aside $6bn to enable it to make an impact in the downstream and upstream sectors of the Nigerian oil and gas sector.

Oando to undergo forensic audit

The Securities and Exchange Commission (SEC) has begun the forensic audit of Oando Plc, contrary to reports that the exercise stopped due to the suspension of the Director-General of the Commission, Mr Mounir Gwarzo.

Why EEDC rations electricity supply in Nsukka, Abakaliki communities

The Enugu Electricity Distribution Company (EEDC) announced that a fire outbreak at one of the Transmission Company of Nigeria (TCN) stations forced the organisation to ration electricity supply among some communities in Nsukka and Abakaliki in Enugu and Ebonyi states.

NNPC scrambles to end Nigeria fuel queues

In a bid to salvage the fuel supply and distribution challenges witnessed in some parts of the country due to panic buying from motorists, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, on Tuesday cut short his trip to London.

Recent Stories

Deputy Chief Whip of the Senate, Senator Aliyu Sabi Abdullahi; Deputy Senate President, Ovie Omo-Agege; President of the Senate, Ahmad Ibrahim Lawan, and Chairman of Presidential Advisory Committee Against Corruption (PACAC), Prof. Itse Sagay, during the courtesy visit by PACAC to the Senate President at the National Assembly on Thursday, November 21, 2019.

Itse Sagay applauds Senate’s leadership for commitment to service

Chairman of Presidential Advisory Committee on Anti-Corruption (PACA), Prof. Itse Sagay, on Thursday applauded the leadership of the ninth Senate for its commitment to service of the country.
Deputy Chief Whip of the Senate, Senator Aliyu Sabi Abdullahi; Deputy Senate President, Ovie Omo-Agege; President of the Senate, Ahmad Ibrahim Lawan, and Chairman of Presidential Advisory Committee Against Corruption (PACAC), Prof. Itse Sagay, during the courtesy visit by PACAC to the Senate President at the National Assembly on Thursday, November 21, 2019.

Senator Lawan: Senate yet to receive request from President Buhari for Ibrahim Magu’s confirmation

President of the Senate, Ahmad Lawan, on Thursday said the Senate is yet to receive any formal request from President Muhammadu Buhari for confirmation of the Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ibrahim Magu.

Edo new police commissioner reads riot act to criminal elements

The new Commissioner of Police deployed to the Edo State Police Command, CP Lawal Tanko Jimeta, yesterday, said he would be firm in carrying out his duty in order to ensure the safety of lives and property of the citizens of the state.
Chidi Izuwah

Federal government approves PPP projects worth $8 billion in eight years

Mr Chidi Izuwah, the Director-General, Infrastructure Concession Regulatory Commission (ICRC) has said that the Federal Government approved Public-Private Partnership (PPP) projects worth eight billion dollars between 2010 and 2018.
Power

Federal government to review ownership of electricity distribution companies

The National Economic Council, NEC, yesterday resolved to review the status of the ownership structure of the power distribution companies in the country.