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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.
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.
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.
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.
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 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.
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, Timipre Sylva, says his ministry is expected to generate 600 million dollars from its new Marginal Fields.
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 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.
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.
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.
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
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.
“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.
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.
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.
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.
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).
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.
Lagos State Governor, Mr Babajide Sanwo-Olu, on Monday said that the government would continue to demolish shanties across the state.
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.
Gov. Udom Emmanuel of Akwa Ibom has donated N60 million to families of slain policemen by unknown gunmen in the state.
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.
An unknown number of university students have been kidnapped in the south-eastern Nigerian state of Abia.
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.
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.
Chelsea defender Andreas Christensen was full of praise for Eden Hazard ahead of the Real Madrid winger's return to Stamford Bridge.