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The Nigerian National Petroleum corporation (NNPC) says it will not increase the ex- depot price of Premium Motor spirit also known as petrol in May.
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.
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has pledged to support the Nigerian government’s policy on the National Gas Expansion Programme (NGEP).
Major Oil Marketers Association of Nigeria (MOMAN) says plans to fix the freight rate for Premium Motor Spirit (PMS) can hinder the downstream sector’s full deregulation.
The Federal Government is considering a 20 percent hike in the cost of freighting petrol across the country, as part of measures to boost the revenue of transport owners.
The federal government and organised labour will reconvene on February 22, 2021 for the consideration of the reports of their bipartite technical committees on fuel price and electricity tariff.
The Federal Government has reduced the pump price of premium motor spirit (petrol) from N168 per litre to N162.44 per litre effective from December 14, 2020.
President Muhammadu Buhari has renewed the appointments of Chief Executive Officers of agencies under the Ministry of Petroleum Resources.
Petrol stations across the country, yesterday, adjusted their pumps to reflect the hike in the ex-depot price of the Premium Motor Spirit, PMS, by the Petroleum Products Marketing Company, PPMC, with some of the stations raising the price to as high as N161 per litre.
Minister of State for Petroleum Resources, Chief Timipre Sylva, Thursday, disclosed that the Federal Government was not currently capable, financially, to pay the subsidy.
The lockdown arising from coronavirus appears to have slowed down the fight against corrupt practices in the country for close to six weeks.
The Lagos Chamber of Commerce and Industry (LCCI) has charged the Nigerian National Petroleum Corporation (NNPC) to consummate its process of reforming the petroleum downstream sector with an appropriate legislative framework, stating that with the legal framework, the reform would not be like the previous dead initiatives.
With the growing concerns and panic over the gradual lockdown resulting from the Coronavirus pandemic, Independent Petroleum Marketers Association of Nigeria, IPMAN, have assured residents that it would keep the filling stations open and away from fuel scarcity to cushion the effects.
The Federal High Court in Abuja Thursday ordered the final forfeiture of six properties traced to Goddy Nnadi, a general manager of the Petroleum Equalisation Fund.
Lawyers, social critics, Aba residents and civil society groups on Thursday lauded the 12-year prison sentence handed down to ex-Governor Orji Kalu of Abia by a Federal High Court in Lagos.
The Nigeria Extractive Industries Transparency Initiative (NEITI) said that N28.58 trillion was remitted to the Federation Account between 2012 and 2016, from mineral revenues, non-mineral revenues and Value Added Tax (VAT).
Gov. Darius Ishaku of Taraba has advised the Federal Government to try state police in addressing the security challenges in the country.
Mr Abdulkadir Shehu, a journalist with Progress FM, a private radio station in Gombe, said he returned the $3,000 dollars he found along the road to its owner, because it would be wrong for him to claim it.
A female aspirant in the Nov. 6 governorship in Anambra, Mrs Chidi Onyemelukwe, has urged the electorate to guard against monetary inducement in making their choice of candidates.
The Kogi State Government has assured the family of abducted chairman of Yagba West local government council, Hon. Pius Kolawole, of its commitment to ensure his release.
Bill Gates and Melinda Gates have announced that they’ll be ending their marriage after 27 years together, explaining in a joint statement that they “no longer believe we can grow together as a couple in this next phase of our lives.”
A tanker carrying around one million barrels of oil products was involved in a collision near the Chinese port city of Qingdao, spilling oil into the Yellow Sea, China's Shandong Maritime Safety Administration and tanker representatives said on Tuesday.
The Managing Director of the Transmission Company of Nigeria, Engr. Sule Abdulaziz has said the company evacuated the country’s highest power generation of 5,801.6 megawatts to Distribution Companies, DISCOs in the first quarter of this year without a hitch.
The Presidency has said that the Aso Rock Clinic is now fully self-sufficient, saying medical service delivery has improved at the facility.
A graduate of the Department of Mechanical Engineering, Delta State Polytechnic, Oghara, in the Ethiope West council area of Delta state, has been killed by suspected cultists.
The Brazilian international will enter into the final year of his contract in the French capital this summer after joining in a world record deal from the Catalan giants back in 2017.