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Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, Monday, hinted of a possible deregulation of the Nigerian downstream petroleum sector, stating that the Federal Government has eliminated subsidy and under recovery in the industry.
“We must communicate to our people where we are now, and that we can no longer assume we are still where we used to be. We are faced with a challenge that no government in the history of Nigeria has ever faced. So, we have to redesign our economic planning and change our thinking.”
The International Oil Companies, IOCs, indigenous oil companies and servicing firms have further scaled down their operations as the price of Bonny Light, Nigeria’s premium oil grade has fallen from $23.42 to $22.20 per barrel in the global market.
Speaker of the House of Representatives, Femi Gbajabiamila, last night regretted the current poor power supply in the country, declaring that making life more miserable for Nigerians who were on lockdown over the coronavirus pandemic was unacceptable.
The Speaker of Nigeria’s House of Representatives, Rep. Femi Gbajabiamila, on Wednesday met with the Minister of Power, Mr. Sale Mamman and the management of the National Electricity Regulatory Commission over a viral video by Nollywood actress, Ada Ameh.
African oil-producing and reliant countries have been among the most hard hit by the COVID-19 pandemic and declining oil price. Oil price crashed below $20 dollars on Monday, the lowest in 18 years. In particular, Senegal, Nigeria and Angola continue to face new challenges each day amid the threat of economic fallout.
The Nigerian National Petroleum Corporation (NNPC), yesterday, said it has activated measures to guarantee seamless distribution of petrol across the country throughout the lockdown and beyond.
The Nigerian National Petroleum Corporation (NNPC) has donated medical equipment meant to help combat the spread of the Coronavirus (COVID-19) pandemic in the country to the University of Abuja Teaching Hospital in Gwagwalada, the Federal Capital Territory.
Despite the lockdown and stay-at-home orders by most state governments in the country, the Nigerian National Petroleum Corporation (NNPC) has given an assurance of an uninterrupted supply of petroleum products across the country.
The Nigerian National Petroleum Corporation (NNPC) has donated 17 items to support the isolation centre at the University of Abuja Teaching Hospital Gwagwalada to combat Coronavirus in the country.
The Nigerian National Petroleum Corporation (NNPC) and 31 upstream oil and gas industry companies on Friday announced a $30 million (N11.4 billion) intervention fund to combat coronavirus in Nigeria.
The Leadership of the National Assembly on Wednesday held a meeting with some Ministers and Heads of agencies from the Executive arm of Government to brainstorm on the impact of Coronavirus pandemic on the Nigerian economy.
The Nigerian National Petroleum Corporation (NNPC) has directed all office-based staff below Management cadre across all its formations to work remotely from home with effect from March 24.
Nigeria may soon slip out of reckoning as a profitable oil producer in the Organisation of Petroleum Exporting Countries (OPEC) if crude oil prices decline further by at least another $3.
Mexico boss Tata Martino is willing to negotiate a pay cut to help during the coronavirus pandemic and believes every coach and player should be ready to do so.
The deadline to leave for up to four cruise ships anchored off the Australian State of Queensland will come at midnight on Wednesday.
The Akwa Ibom state government has stated that all five reported positive test cases of COVID-19 in the state are hale and hearty while awaiting the conduct of a reconfirmation test.
As the World Health Organisation, WHO, celebrates the nursing profession by making the theme of the 2020 World Health Day to be “Support Nurses and Midwives,” the Nigerian Medical Association, NMA, has asked for a healthy and dignifying working environment for health workers in the country.
Plenty of people on social media have suggested that the season should be cancelled, but it is highly unlikely that it will come to that, as UEFA president Aleksander Ceferin has stated that Liverpool will more than likely be awarded the title at some point.
The Oyo State chapter of Peoples Democratic Party (PDP) has warned opposition party members not to play petty politics with the COVID-19 test result of Governor Seyi Makinde.
The emergence of the coronavirus pandemic has exposed the weakness of health systems in most countries, the World Health Organisation (WHO) has said.
West Ham vice-chairman Karren Brady has revealed she intends to take the same proposed pay cut as the club's players, insisting "we are all in this together" during the Coronavirus pandemic.
Speaker Femi Gbajabiamila on Monday insisted the Chinese doctors coming to help in the fight against COVID-19 must first be quarantined for 14 days and comply with all relevant laws in the country.
Former Republic of Ireland internationals Damien Duff and John O'Shea have joined their country's coaching staff following the appointment of Stephen Kenny as manager on Sunday.