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The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

Central bank releases framework for financing of mass metering

The Central Bank of Nigeria (CBN) has released its framework for the National Mass Metering Programme (NMMP).
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.

No plans to Scrap NNPC in the PIB – minister

The Federal Government on Monday said that there are no plans to Scrap the Nigerian National Petroleum Corporation, NNPC in the Petroelum Industry Bill 2020 that has been transmitted to the National Assembly by President Muhammadu Buhari.
A worker fills a car's tank at the CO-OP petrol station in Cairo, Egypt April 2, 2020. REUTERS-Mohamed Abd El Ghany

Strike over oil sector deregulation not necessary – expert

A don, Prof. Wumi Iledare, on Monday, said that there was no need for organised labour to embark on strike over the deregulation of the downstream oil sector.

Lagos Chamber backs subsidy removal, appeals to NLC on industrial action

The Lagos Chamber of Commerce and Industry (LCCI), has said that a reversal of the current reforms on subsidy of Premium Motor Spirit (PMS) would exacerbate the challenges of the already faltering Nigerian economy.
The Department of Petroleum Resources (DPR), Osogbo field Office, has sealed 15 Liquefied Petroleum Gas (LPG) skid stations for operating without valid licences.

DPR to partner oil marketers to drive Nigeria government’s downstream sector programmes

The Department of Petroleum Resources, DPR, Wednesday, said it will partner with petroleum products depot owners and oil marketers to achieve the Federal Government’s programme for the downstream petroleum industry.

DPR outlines four cardinal focus for downstream operations

The Department of Petroleum Resources (DPR) says it has outlined four cardinal focus for downstream operations in its bid to continue to enable business and create opportunities in the oil and gas sector.
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: Previous administrations spent N8.9 trillion on subsidy in 10 years

The Petroleum Products Pricing Regulatory Agency, PPPRA, yesterday, disclosed that N8.9 trillion was spent on fuel subsidy by the Federal Government, mainly by previous administrations, between 2006 and 2015.
Nigerian National Petroleum Corporation (NNPC)

NNPC trading surplus rises by 860% to N20.4 billion in one month

The Nigerian National Petroleum Corporation, NNPC, Thursday, announced a trading surplus of N20.36 billion in July 2020, rising by 860 per cent from a surplus of N2.12 billion recorded in June.
Edwin Kiagbodo Clark

Southern, Middle-Belt leaders’ forum rejects water resources bill

The Southern and Middle Belt Leaders Forum, has accused the Federal Government of clandestine moves to revive the rejected Water Resources Bill, warning that such agenda would be inimical to the growth and development of the country.
Governor Samuel Ortom of Benue State has described the National Water Resources Bill as another Ruga aimed at creating grazing areas for herdsmen along shorelines.

Governor Ortom: Water resources bill is Ruga in disguise

Governor Samuel Ortom of Benue State has described the National Water Resources Bill as another Ruga aimed at creating grazing areas for herdsmen along shorelines.
The United States-based ExxonMobil has announced the appointment of Richard Laing as chairman and managing director of its three affiliates in Nigeria – Mobil Producing Nigeria Unlimited, Esso Exploration and Production Nigeria Limited, and Esso Exploration and Production Nigeria (Offshore East).

Richard Laing named new ExxonMobil Nigeria chief

The United States-based ExxonMobil has announced the appointment of Richard Laing as chairman and managing director of its three affiliates in Nigeria – Mobil Producing Nigeria Unlimited, Esso Exploration and Production Nigeria Limited, and Esso Exploration and Production Nigeria (Offshore East).

South-West IPMAN directs members to sell fuel at N150 per litre

The South West chapter of Independent Petroleum Marketers Association of Nigeria has directed all its members in the zone to henceforth, increase the pump price of Premium Motor Spirit, otherwise known as petroleum to N150 per litre.

Stakeholders advocate efficient fiscal policy for oil, gas sector

Stakeholders in the oil and gas sector have called for proactive fiscal policy in the petroleum industry to fast track investment and infrastructure development in the country.

PPPRA: Deregulation will force down PMS price

The Petroleum Products Pricing Regulatory Agency (PPPRA) says full deregulation of the downstream oil and gas sector will help force down price of Premium Motor Spirit (PMS) also known as petrol.

Oil marketers insist on full deregulation

The independent oil marketers operating under the aegis of the Private Depot of Oil and Gas Marketers Association of Nigeria (PDOGMAN) has impressed on the federal government the need to embark on full deregulation of the downstream sector of the nation’s oil and gas industry, saying this would benefit the economy on the long run.
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: Why government’ll not hands-off downstream oil sector

The Petroleum Products Pricing Regulatory Agency (PPPRA), Sunday, insisted that it would continue to regulate the downstream petroleum industry, irrespective of the recent deregulation of the sector, to prevent petroleum products marketers from exploiting consumers and also to enforce the appropriate laws guiding the industry.
Nigerian National Petroleum Corporation (NNPC)

Nigeria loses $48 million to oil theft between January to June

This was revealed by the Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mele Kyari, who spoke in Abuja, saying the Federal Government requires $2billion to replace obsolete pipelines from Excravos to Kaduna.
Mele Kyari,

Daily fuel consumption unknown – NNPC chief

The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, says the organisation does not know the exact litres of oil being consumed in the country per day.

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Minister of Transportation, Rotimi Amaechi, has disclosed that the US$50 million University of Transportation, Daura, scheduled to take off September next year will be built free of charge by the Chinese government.

Nigeria to apply for $11 billion loan to construct Lagos-Calabar rail line – minister

Minister of Transportation, Chibuike Amaechi, said, yesterday, that the Federal Government was set to apply for a $11 billion loan to construct Lagos to Calabar rail.
The Kayode Fayemi administration in Ekiti State says it has defrayed inherited debts to the tune of 31 billion naira since assumption of office.

Ekiti governor interacts with workers, assures of improved welfare

The Ekiti State Governor, Kayode Fayemi, has assured workers of better welfare and improved working conditions as incentives for quality service delivery.
Thomas Mueller - Germany

Thomas Mueller’s form fuels calls for Germany recall

His latest eye-catching club performance has prompted fresh hopes of a Germany recall for Mueller, who was dropped by Joachim Loew from the national set-up in 2019 alongside Jerome Boateng and Mats Hummels.
Ekiti State Governor Kayode Fayemi has denied claims that his government has sold off the Ekiti State Governor’s Lodge in Abuja.

#EndSARS: Why Ekiti deployed soldiers to protest locations – official

The Ekiti State Commissioner for Information and Values Orientation, Akin Omole, says the government deployed soldiers to #EndSARS protest locations in the state to protect the youths demonstrating against police brutality and extrajudicial killings.
The Nigeria Police Force says its investigation shows that Boko Haram, Ansaru and other terror groups are getting support from some Nigerians.

One dead, policeman injured in Kano

The death of a 17-year-old on Monday sparked off demonstrations by angry youths against the police in Kano.