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Deregulation

The House of Representatives, Tuesday, intervened in the conflict between telecommunication companies and banks over N42billion debts from Unstructured Supplementary Service Data(USSD).

House urges NNPC to review licences of 38 modular refineries

The House of Representatives has called on the Nigeria National Petroleum Corporation (NNPC) to review the status of each of the 38 modular refinery licences issued to indigenous firms, revoke and re-issue them to competent and reliable operators.
Nigerian National Petroleum Corporation (NNPC)

Subsidy: NNPC faces more pressure as Bonny Light rises by 150 percent

There are indications that the Federal Government through the Nigerian National Petroleum Corporation, NNPC would be under more pressure to fund Nigeria’s petrol under-recovery or subsidy as the price of Bonny Light rises to $65 per barrel in May 2021.
Chief Timipre Sylva, Minister of State For Petroleum Resources, on Friday said the Nigerian Oil and Gas Park Scheme (NOGAPS) at Emeyal, Ogbia Local Government Area, Bayelsa will create at least 2,000 jobs on completion.

Minister: Petrol subsidy only benefits some businessmen

Timipre Sylva, minister of state for petroleum resources, says the federal government will soon halt the current subsidy regime for premium motor spirit (PMS), better known as petrol.

Petrol retailers earmark 100 filling stations for autogas rollout

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has listed at least 100 filling stations throughout the country that would be used in the federal government’s auto gas pilot scheme rollout.
Director-General, National Information Technology Development Agency (NITDA), Dr. Isah Pantami

NCC moves to enlighten state governments on economic benefits of telecoms infrastructure

The Nigerian Communications Commission (NCC) has been charged to enlighten state governments nationwide on the role of telecommunications as a catalyst for economic development.
The Nigerian Economic Summit Group (NESG) has advised the Federal Government to always consider its economic policy choices, before taking decision, in order to FastTrack economic growth, its recently launched 2021 Economic Outlook has said.

NESG offers solution for economic recovery

The Nigerian Economic Summit Group, NESG has advised the federal government to retool its economic policy to overcome present economic challenges.
The Managing Director of Rain Oil Limited, Dr. Gabriel Ogbechie, has advocated the need for the Federal Government to fully deregulate the nation’s downstream sector of the petroleum industry.

Rain Oil boss advocates full deregulation of downstream sector

The Managing Director of Rain Oil Limited, Dr. Gabriel Ogbechie, has advocated the need for the Federal Government to fully deregulate the nation’s downstream sector of the petroleum industry.
Deputy Speaker of the House of Representatives, Rt. Hon. Ahmed Idris Wase, has congratulated Vice President, Professor Yemi Osinbajo on his 64th birthday on Monday.

VP Osinbajo: Nigeria’s development plans must be dynamic

Vice President Yemi Osinbajo, Friday emphasised the need for Nigeria to evolve a national development plan strong enough to absorb shocks and adapt to swiftly changing national and international conditions.
The Minister of State for Petroleum Resources, Chief Timipre Sylva, has said that more private and public sector collaboration will be encouraged as Nigeria steps up effort to realise its target of boosting domestic gas utilisation.

Minister: NNPC to generate $600 million from marginal fields

The Minister of State for Petroleum Resources, Timipre Sylva, says his ministry is expected to generate 600 million dollars from its new Marginal Fields.
The new head of Nigeria's state oil company NNPC, Mele Kyari, speaks during an interview with Reuters in Abuja, Nigeria August 7, 2019. REUTERS-Afolabi Sotunde

NNPC chief: N130 billion monthly loss to petrol underpricing no longer sustainable

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari, yesterday made a case for a prompt conclusion of talks between the federal government and the organised labour to resolve the dispute over the appropriate pricing of petrol.
The Minister of State for Petroleum Resources, Chief Timipre Sylva, has said that more private and public sector collaboration will be encouraged as Nigeria steps up effort to realise its target of boosting domestic gas utilisation.

Minister: Petrol pump price remains N162

The federal government has once again stated that the petrol pump price remains N162 per litre, adding that it is having discussions with the Nigeria Labour Congress and other stakeholders regarding full deregulation.
The Petroleum Products Pricing Regulatory Agency (PPPRA) is set to commence a comprehensive audit and survey of downstream oil and gas logistic facilities, with a view to identifying the infrastructure gap in the sector

PPPRA: Template does not amount to increasing petrol price

The Petroleum Products Pricing Regulatory Agency, PPPRA, has declared that its publication of monthly template, does not amount to increasing the price of petroleum products, as such increase is supposed to be determined by market forces, under the current deregulation.
Nigeria Labour Congress (NLC)

Akwa Ibom NLC: Support new wage bill and get recalled

Akwa Ibom’s chapter of the Nigeria Labour Congress (NLC) has threatened to recall any National Assembly member from the state supporting the controversial new minimum wage bill.
Nigerian National Petroleum Corporation (NNPC)

NNPC, Auditor-General disagree over unremitted N4 trillion revenue

The Nigerian National Petroleum Corporation (NNPC) and the Office of the Auditor-General for the Federation, on Tuesday, disagreed over non-remittance of N4.076trillion into the Federation Account.
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has rejected the proposed scrapping of the Petroleum Equalisation Fund (PEF), asserting that it fosters national unity.

IPMAN rejects scrapping of Petroleum Equalisation Fund

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has rejected the proposed scrapping of the Petroleum Equalisation Fund (PEF), asserting that it fosters national unity.
FILE PHOTO - Farmers shout slogans as they take part in a three-hour chakka jam or road blockade, as part of protests against farm laws on a highway on the outskirts of New Delhi, India, February 6, 2021. REUTERS-Adnan Abidi

Indian farmers block highway outside Delhi to mark 100th day of protest

Indian farmers began gathering on Saturday to block a six-lane expressway outside New Delhi to mark the 100th day of protests against deregulation of agriculture markets, to add pressure on Prime Minister Narendra Modi’s government
Thousands of Indian farmers on Thursday blocked trains in several states, holding sit-ins on tracks to demonstrate against the government’s planned agricultural laws.

Indian farmers plan major road blockade outside Delhi to mark 100th day of protests

Indian farmers who have been protesting for months against deregulation of produce markets plan to block a major expressway outside New Delhi on Saturday, the 100th day of their campaign, they said.

Fuel queues worsen amidst scarcity in Abuja, environs

“The issue around the retail price has not been resolved at all. It seems the government has jettisoned deregulation. We are being forced to sell at a price that is not profitable. The ground is not level and we are told to sell at the same price with NNPC retail stations, that we shouldn’t increase the price. This is the cause of the scarcity,” the MOMAN official said.

CSOs push for full deregulation as petrol queues emerge in Abuja

Civil society groups on Saturday pushed for complete deregulation of the downstream sector of the petroleum industry that allows markets forces to determine the pump price of petrol and other petroleum products in the country.
The Minister of State for Petroleum Resources, Chief Timipre Sylva, has said that more private and public sector collaboration will be encouraged as Nigeria steps up effort to realise its target of boosting domestic gas utilisation.

Minister: Passage of PIB’ll unlock several midstream gas opportunities

Chief Timipre Sylva, Minister of State for Petroleum Resources, says the passage of the Petroleum Industry Bill (PIB) will unlock several midstream gas opportunities and enhance domestic gas utilisation.

IPMAN: Petrol price may rise to N195 per litre

Members of the Independent Petroleum Marketers Association of Nigeria, IPMAN, have advised Nigerians to expect a higher petrol pump price in the coming days, saying the price may rise to N195 per litre.
Former Vice-President, Atiku Abubakar has called on the federal government to adopt proactive measures to tackle the second wave of the dreaded coronavirus before things get out of hand.

Atiku Abubakar commends Nigerian government’s ‘plan’ to privatize refineries, others

Former Vice President, Alhaji Atiku Abubakar has commended President Muhammadu Buhari’s willingness to privatize the nation’s existing refineries and other assets to revamp the country’s economy.

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Stakeholders in the Coalition of United Political Parties, CUPP, Tuesday, unveiled a new agenda aimed at repositioning the organisation into purposeful, focused and result-oriented opposition body that would champion the cause of governance in Nigeria

De-registration: Supreme Court judgement binding only on NUP – CUPP

The Coalition of United Political Parties (CUPP) has insisted that the recent Supreme Court judgement affirming the de-registration of 74 political parties is only binding on the National Unity Party (NUP).
Charge d’Affaires of the Embassy of Israel in Nigeria, Mr Yotam Kreiman, who presented the equipment in Abuja, said the donation was timely, in view of ongoing efforts to contain the spread of the Coronavirus pandemic (COVID-19).

Ramadan: Israel donates food items to support Nigerian Muslim families

The Embassy of Israel in Nigeria on Monday donated some food items to support some Muslim families in the on-going Ramadan fasting in the country.
Babajide Olusola Sanwo-Olu (born June 25, 1965) is a Nigerian politician and the current Governor of Lagos State.

Lagos to demolish shanties, takeover abandoned buildings

Lagos State Governor, Mr Babajide Sanwo-Olu, on Monday said that the government would continue to demolish shanties across the state.
The Nigeria Police Force says its investigation shows that Boko Haram, Ansaru and other terror groups are getting support from some Nigerians.

Police: 21 officers killed by gunmen in Akwa Ibom

The commissioner of police in the state, Amiengheme Andrew, disclosed this on Monday while briefing Governor Udom Emmanuel who visited the police headquarters in the state to condole with the families of the slain officers and the police over the loss.
Akwa Ibom State Governor Udom Emmanuel says it is unsafe to reopen schools in the state in view of the COVID-19 pandemic.

Akwa Ibom governor donates N60 million to families of slain policemen

Gov. Udom Emmanuel of Akwa Ibom has donated N60 million to families of slain policemen by unknown gunmen in the state.

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China’s Long March 5B rocket lifting off from the Wenchang Spacecraft Launch Site on April 29. Matjaz Tancic-EPA, via Shutterstock

Large Chinese rocket segment disintegrates over Indian Ocean

A large segment of a Chinese rocket re-entered the Earth’s atmosphere and disintegrated over the Indian Ocean on Sunday, the Chinese space agency said, following fevered speculation over where the 18-tonne object would come down.
The kidnapped wife of a traditional ruler in Oyo State, Funbi Ojo, has regained freedom from her abductors.

More Nigeria students kidnapped in fresh attack

An unknown number of university students have been kidnapped in the south-eastern Nigerian state of Abia.
Bird Flu

Bird flu: Bauchi government kills 27,000 birds to curtail spread

Samaila Burga, Chairman, Technical Committee on the Control of Avian Influenza, said the Bauchi government has killed about 27,000 birds to curtail the spread of Bird flu in the State.
The National Drug Law Enforcement Agency, (NDLEA) Nnamdi Azikwe International Airport (NAIA), Abuja has intercepted 21.9kg of Cocaine.

FAAN clears air on N2,000 cargo surcharge

Last week, Abah took to Twitter to complain about the extra charge of N2000 which FAAN made him pay after he already paid N35, 000 to Customs for bringing in a CCTV device in his luggage from outside the country.
Eden Hazard will make his comeback from injury as Real Madrid face Elche on Wednesday, Zinedine Zidane has confirmed.

Chelsea defender hails Eden Hazard ahead of Stamford Bridge return

Chelsea defender Andreas Christensen was full of praise for Eden Hazard ahead of the Real Madrid winger's return to Stamford Bridge.