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Oil Sector

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.
Mele Kyari,

Cabal hijacked fuel subsidy regime – NNPC chief

Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mele Kolo Kyari, has said that over N10 trillion was spent on fuel subsidy between 2006 and 2020 without a significant impact on the masses.

Petrol price hike a move to end subsidy regime – expert

Nigeria’s first professor of the Capital Market and former Imo State Finance Commissioner, Prof Uche Uwaleke, on Wednesday described the hike in petrol price from N123.50k/litre to a price band of N140.80 to N143.80 as an indication that the Federal Government was ready to gradually exit the fuel subsidy regime.

Israel thanks Donald Trump as Iran sanctions take effect

Israeli Defence Minister Avigdor Lieberman welcomed US sanctions that took effect Monday targeting Iran’s oil and financial sectors, calling it a “critical” blow to Tehran’s actions in the region.

NCDMB raises $200 million for oil sector

The Nigerian Content Development and Monitoring Board (NCDMB) has raised $200 million to facilitate local content development in the oil sector.

Expert advocates block chain technology to curb tax fraud

The Chief Executive of Kurecion Foundation, Mr Abikure Tega, has called for the use of block chain technology to address fraud in the country´s taxation system.

Recent Stories

Oil prices dived Thursday on demand fears as more nations go into lockdown to staunch the spread of the coronavirus, while stock prices attempted a modest rebound.

Oil prices slide in lockdown-driven rout

Oil prices dived Thursday on demand fears as more nations go into lockdown to staunch the spread of the coronavirus, while stock prices attempted a modest rebound.
Osun State Government on Thursday said looting of government and private property in the state cut across 14 Local Government Areas, as it commenced return of the looted property items to owners who can identify their property

Osun government says 14 local councils affected by looting

Osun State Government on Thursday said looting of government and private property in the state cut across 14 Local Government Areas, as it commenced return of the looted property items to owners who can identify their property
Eva Longoria has joined previously announced Matt Walsh on the in-production digital detox comedy Unplugging, which is currently in production in Oklahoma.

Eva Longoria joins as co-lead on digital detox comedy ‘Unplugging’

Eva Longoria has joined previously announced Matt Walsh on the in-production digital detox comedy Unplugging, which is currently in production in Oklahoma.
Governor Okezie Ikpeazu of Abia State has directed the organizing committee of the 29th Anniversary of Abia State to celebrate frontline workers and honor them for their sacrifices during the coronavirus pandemic.

Abia asks looters to return stolen medical equipment

A statement by the Commissioner for Information in the state, Chief John Okiyi-Kalu, stated that the hoodlums who hijacked the otherwise peaceful #EndSARS protests took away vaccines, X-ray machines, sterilizers, air conditioners, fans, and other equipment as well as disposables and consumables carted away.
President of the Nigeria Labour Congress (NLC), Mr Ayuba Wabba

NLC demands end to medical tourism by government officials

The Nigeria Labour Congress, NLC, on Thursday called for an end to all forms of medical tourism especially by elected and appointed government officials.