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Kola Ologbondiyan

PDP: Buhari’s presidency stinks

Against recent allegations of corruption against aides of President Muhammadu Buhari, the opposition Peoples Democratic Party (PDP) has passed an interim verdict on his presidency, saying “it is rotten and reeks of incurable corruption, festering up to every level”.

Federal government files motion seeking forfeiture of N2 billion, properties linked to PEF official

The federal government has filed an application before the Federal High Court in Abuja seeking for interim forfeiture of monies and properties allegedly traced to an official of Petroleum Equalization Fund (PEF).

IPMAN urges federal government to fix refineries before deregulation

The Independent Petroleum Marketers Association of Nigeria (IPMAN) yesterday advised the Federal Government to deregulate the donstream oil sector so as to attract investors and end fuel scarcity.
The Petroleum Equalisation Fund (PEF) says it’s newly introduced automation distribution system has helped the monitoring of movement of petroleum products across the country.

PEF explains new automation for monitoring petrol distribution

The Petroleum Equalisation Fund (PEF) says it’s newly introduced automation distribution system has helped the monitoring of movement of petroleum products across the country.

NAEE chief hails passage of petroleum industry bill

Prof. Wunmi Iledare, outgoing President, Nigeria Association for Energy Economics (NAEE) says the passage of the Petroleum Industry Governance Bill (PIGB) by the senate was a welcome development for the industry.

Federal government moves to monitor daily consumption of petrol

The Federal Government yesterday said it has taken measures to end the guess work on the millions of litres of Petroleum Motor Spirit (PMS) used daily in the county.

House of Reps summons NNPC, finance minister over alleged unbudgeted subsidy payments

The Minister of Finance, Mrs. Zainab Ahmed, and the Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, have been summoned to appear before a House of Representatives joint committee next Thursday to explain their roles in an alleged unbudgeted funds being paid as fuel subsidy.

IPMAN: We will not join planned strike

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said that it would not be a party to the planned strike by other oil marketers.
Nigerian National Petroleum Corporation (NNPC)

NNPC: $1.05 billion petrol supply support fund sourced from NLNG dividends

The Nigerian National Petroleum Corporation (NNPC) has disclosed the source of the $1.05 billion revolving fund it said it uses to support its supply of petrol to Nigerians since private oil marketers stopped importing and supplying petrol in the country.
Nigerian National Petroleum Corporation (NNPC)

NNPC: We don’t have $3.5 billion subsidy fund

The Nigerian National Petroleum Corporation (NNPC) has disclaimed the insinuation that it has in its custody $3.5billion subsidy fund.
Bad road in Nigeria

IPMAN calls for urgent attention to repair of bad roads

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has called on the Federal Government to expedite action on the repair and reconstruction of bad roads across the country.
The Federal Executive Council (FEC) has approved the installation of technology monitoring schemes and structures under the Petroleum Equalisation Fund (PEF) for N17 billion.

Fuel diversion: FEC approves N17 billion for product tracking device

The Federal Executive Council (FEC) meeting, presided over by Acting President, Yemi Osinbajo, has approved the sum of N17 billion for the installation of technology monitoring schemes and structures under Petroleum Equalisation Fund (PEF).
The Federal Executive Council (FEC) has approved the installation of technology monitoring schemes and structures under the Petroleum Equalisation Fund (PEF) for N17 billion.

FEC approves N17 billion for technology to track petroleum products

The Federal Executive Council (FEC) has approved the installation of technology monitoring schemes and structures under the Petroleum Equalisation Fund (PEF) for N17 billion.

PEF to move petroleum products by rail

The Petroleum Equalisation Fund (management) Board (PEF) has set up a task force for the the immediate implementation of transportation of petroleum products through the rail.
Lagos lawyer and human rights activist, Femi Falana

FOI: Femi Falana accuses NNPC chief of insubordination

A Senior Advocate of Nigeria (SAN) and human rights activist, Mr. Femi Falana, has accused the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, of insubordination, following his refusal to comply with the directive of the Minister of State for Petroleum Resources, Dr. Ibe Kachukwu, to supply the information requested by Falana pertaining to the importation of fuel into the country.

Femi Falana seeks explanation on N1.4 trillion fuel subsidy payments

A human rights activist, Femi Falana, on Tuesday filed a Freedom of Information request to the Ministry of Petroleum Resources demanding details of how the federal government’s payment of N261.4 billion per annum in fuel subsidy skyrocketed to N1.4 trillion.

PIGB: Pump price remains N145 per litre – NNPC

The Nigerian National Petroleum Corporation (NNPC) on Saturday allayed fears that pump price of petrol might move up following National Assembly’s recent passage of the Petroleum Industry Governance Bill (PIGB), which levied a five per cent petrol tax.

National Assembly passes PIGB, imposes 5 percent fuel levy

Nigerians will have to pay more for fuel as the National Assembly on Wednesday passed the much touted Petroleum Industry Governance Bill (PIGB) with 5 percent levy on fuel sold across the country.

Recent Stories

The Swearing-In of 35 commissioners of Lagos state is ongoing at the Adeyemi Bero hall, Alausa Ikeja. 6

How Lagos exco members can succeed – ex-official

A former Lagos State Commissioner for Home Affairs, Dr. Abdul Hakeem Abdul Lateef, has advised the newly inaugurated commissioners and special advisers on how to succeed in office.

NCDMB: Why local content act is partially implemented

The Executive Secretary, Nigerian Content Development Monitoring Board (NCDMB), Engr. Simbi Wabote, on Tuesday said the Local Content Act cannot be fully comlied with because of the economic realities in the country.
Bayern Munich asked retired Arjen Robben for permission before giving new signing Philippe Coutinho his old No.10 shirt and club CEO Karl-Heinz Rummenigge believes the Brazilian is a worthy successor.

Ex-Super Eagles coach questions Philippe Coutinho’s transfer to Bayern Munich

Former Super Eagles head coach Berti Vogts has questioned Brazilian midfielder ​Philippe Coutinho’s move to Bayern Munich, saying that he may not be the world star that he used to be.
Andrew Ekenam, Head Coach of Team Nigeria to the 11th All Africa Games in Congo Brazzaville in 2015, on Tuesday expressed confidence in the quality of lifters representing the country at the ongoing 12th Games in Rabat, Morocco.

Africa Games: Weightlifting coach confident in athletes’ quality

Andrew Ekenam, Head Coach of Team Nigeria to the 11th All Africa Games in Congo Brazzaville in 2015, on Tuesday expressed confidence in the quality of lifters representing the country at the ongoing 12th Games in Rabat, Morocco.
Tottenham head coach Mauricio Pochettino admits highly-rated playmaker Christian Eriksen is attracting “a lot of interest” amid the uncertainty surrounding his future in England.

Mauricio Pochettino rejected the chance to swap Christian Eriksen for this world-class Serie A...

The Argentine attacker had a below-average season last time around while Eriksen had spoken about taking up a new challenge after the Champions League final.