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Deregulation

The immediate past Chairman of the Society of Petroleum Engineers, SPE, Council Nigeria, Engr. Joe Nwakwue in a chat with newsmen on Monday said Nigeria needs to urgently implement a full deregulation of the sector.

Ex-SPE chair: Nigerian government lacks clear policy on downstream deregulation

Following fears that Nigeria may have returned to the era of petrol subsidy payment, the Federal Government has been accused of lacking policy clarity in the deregulation of the downstream sector of the petroleum industry.
Indonesian search and rescue personnel carrying body bags to be examined by investigators on Sunday in Jakarta, Indonesia. Ed Wray-Getty Images

Indonesia finds body parts, debris, detects emergency signal of crashed jet

Indonesia, on Sunday, detected signals that could come from a flight recorder of a Sriwijaya Air jet that crashed into the sea soon after taking off from the capital Jakarta.
A plane operated by Indonesian carrier Sriwijaya Air lost contact after taking off from Jakarta's airport. EPA-EFE

Indonesian plane crashes after take-off with 62 aboard

A Sriwijaya Air plane crashed into the sea on Saturday minutes after taking off from Indonesia’s capital Jakarta.
Secretary of the APC Caretaker Committee, Senator John J. Akpanudoedehe in a statement on Tuesday said the 16 years of PDP administration was characterised by “looting of public funds”, adding that the party should spare Nigerians of the trauma of a reminder of the “disaster.”

APC condemns invasion of US Congress by thugs

Nigeria’s ruling All Progressives Congress, APC, has condemned the invasion of the United States of America, USA, Congress, The Capitol, by political thugs and hoodlums, recalling how the US used to be a baseline for measuring democracy in other countries.

LPG: NLNG begins domestic supply of 450,000 MT yearly

Consumers of the Liquefied Petroleum Gas, LPG, would have more domestic supply, as the Nigeria LNG Limited, has started the supply of 450,000 metric tonnes, MT in 2021.
The House of Representatives on Tuesday reprimanded the Minister of Foreign Affairs, for the continuing maltreatment of Nigerians in the Diaspora.

House of Reps move to avert hikes in transport fares during yuletide

The House of Representatives has passed a motion to bar transportation workers from raising fares for commuters during the Christmas and New Year period.
FILE PHOTO - Farmers take part in a protest against farm bills passed by India's parliament on the outskirts of Delhi, India, December 17, 2020. REUTERS-Anushree Fadnavis-File Photo

Sikh diaspora drums up global support for farmers’ protest in India

Thousands of Indian farmers protesting against deregulation of agriculture markets are drawing strength from Sikhs around the world who are urging foreign governments to intercede with Prime Minister Narendra Modi.

Expert: Nigerians overpaying for petrol

Bello, a former Chief Operating Officer/Group Executive Director, Upstream Business Unit at the Nigeria National Petroleum Corporation (NNPC) disclosed this at the weekend during a roundtable on ‘Deregulation of Nigeria’s Downstream Oil Sector’ in Abuja.

Expert: Reducing petrol pump price is short term solution

“Our discussion was fruitful and the Nigerian National Petroleum Corporation (NNPC) which is the major importer and marketers of petroleum product and customers have agreed that there will be a slide down of the pump price of PMS.

Marketers kick against reduction in petrol price

Fuel marketers have kicked against the N5 reduction in petrol pump price announced by the Federal Government of Nigeria on Tuesday.

Petrol to sell for N162.44 per litre as from December 14

The Federal Government has reduced the pump price of premium motor spirit (petrol) from N168 per litre to N162.44 per litre effective from December 14, 2020.
Dr Chris Ngige, Minister of Labour and Employment said this while fielding questions on television concerning the time for payment of the new wage.

Nigerian government bows to Labour, reduces petrol price

Federal Government has caved in to demand by the organised labour by slashing the pump price of premium motor spirit by N5.
Mele Kyari, group managing director, Nigerian National Petroleum Corporation (NNPC), says buyers were begged to purchase Nigeria’s crude oil at $9 per barrel in April.

Nigeria most expensive for upstream projects – NNPC chief

The Group Managing Director, Nigerian National Petroleum Corporation, NNPC, Mele Kyari, has disclosed that Nigeria remains one of the most expensive countries in the world for petroleum upstream projects.

NASU laments delay in conclusion of negotiations with Nigerian government

The Non-Academic Staff Union (NASU) of Universities has expressed worry over the delay in the conclusion of renegotiations between the federal government and unions in tertiary institutions.
President Muhammadu Buhari

President Buhari unveils autogas initiative as fuel alternative

President Muhammadu Buhari, on Tuesday unveiled autogas as alternative for petrol in an expanded programme tagged National Gas Expansion Programme (NGEP).
4. President Muhammadu Buhari is currently presiding over the 24th virtual Federal Executive Council, FEC, meeting at the Council Chamber, Presidential Villa, Abuja.

President Buhari seeks deeper gas utilisation

President Muhammadu Buhari on Tuesday urged Nigerians to embrace gas as a cleaner and cheaper alternative to petrol.
Farmers unions in India are meeting with the government Sunday as thousands of farmers stage a third day of protests outside New Delhi against new agricultural deregulation legislation.

Indian farmers protest deregulation legislation

Farmers unions in India are meeting with the government Sunday as thousands of farmers stage a third day of protests outside New Delhi against new agricultural deregulation legislation.
President Muhammadu Buhari is currently presiding over the quarterly meeting of the National Security Council (NSC) at the State House, Abuja.

NGEP: President Buhari to roll out autogas scheme December 1

President Muhammadu Buhari will on Dec. 1 roll out the autogas scheme in Abuja as the Federal Government moves to create alternative fuel for automobiles and other prime movers in Nigeria.

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The Nigeria Police Force says its investigation shows that Boko Haram, Ansaru and other terror groups are getting support from some Nigerians.

Ogun: Police arrest three Lagos-based ‘robbers’

A statement by the command spokesman, DSP Abimbola Oyeyemi said the three men; Samuel Sunday, a 20 years old resident of Fagba in Lagos State, Adeleke Mustapha; a 22years old resident of Ajala area of Lagos State and Joel Rotimi, a 19 years old resident of Taju Bello street Agbado, Ogun state were arrested on Thursday, 14 January 2021.
FILE PHOTO - U.S. Vice President-elect Kamala Harris makes a speech after U.S. President-elect Joe Biden announced their nominee for secretary of education, Miguel Cardona in Wilmington, Delaware, U.S., December 23, 2020. REUTERS-Leah Millis

U.S. vice president-elect set to resign Senate seat on Monday

U.S. Senator Kamala Harris of California will resign from the Senate on Monday in preparation for her inauguration as Joe Biden’s vice president on Wednesday, according to aides familiar with her plans.

Lagos DPP: 91% of prison inmates are awaiting trials

The Directorate of Public Prosecution (DPP), Lagos State Ministry of Justice, has said that 2,663 inmates out of 2,423 representing 91 percent of total inmates enrolled at the five federal correctional centres in the state, as at December 2020, are awaiting trial.
The Niger State Governor, Alhaji Abubakar Sani Bello, has challenged state and federal lawmakers on the need to partner with governments for youth empowerment.

Bye-election: Niger government urges political parties to embark on peaceful campaigns

The Niger State Government on Sunday urged political parties contesting in the forthcoming Magama/Rijau House of Representatives by-election to embark on peaceful campaign.

Former lawmaker tasks APGA on unity to win Anambra governorship election

Hon. Ibezi Ifeanyichukwu, who represented Idemili North and Idemili South Federal Constituency at the House of Representatives, has called on party faithful and stakeholders of All Progressive Grand Alliance (APGA) in his constituency to unite if they must win the forthcoming Governorship election in Anambra State.