Home Topics Petroleum

Petroleum

President Buhari urged to sign PIGB Bill

Prof. Wumi Iledare of the University of Port Harcourt, has urged President Muhammadu Buhari to assent to the Petroleum Industry Governance Bill (PIGB) passed by the National Assembly.

Six ships arrive Lagos ports with petrol, others

Six ships laden with various products, including petrol are at the Lagos ports waiting to berth.

Earthquake kills 18 in Papua New Guinea

Eighteen people have been killed as a fresh magnitude 6.7 earthquake struck Papua New Guinea’s mountainous Southern Highlands, on Wednesday.

Why NIPP privatisation was not concluded on schedule – Ex-NDPHC chief

He also described as false repeated claims by some experts that the NIPP generation plants were mostly conceived and built with little or no thoughts for stable gas supply to them, hence their challenges with accessing gas to run.

FRSC counsels tanker owners on vehicle maintenance

The Federal Road Safety Corps (FRSC) has advised tanker owners to ensure proper maintenance of their vehicles before embarking on any trip.

Forex: Central bank intervenes in Retail SMIS with $325.64m

The Central Bank of Nigeria has again intervened in the Retail Secondary Market Intervention Sales to the tune of $325.64 million.

DPR seals three fuel stations in Maiduguri

The Department of Petroleum Resources has sealed three petrol stations in Maiduguri for sharp practices.

January PMI index records slow growth – CBN

The Central Bank of Nigeria (CBN) yesterday reported that the January 2018 Purchasers Manager Index (PMI) - a survey which measures the productive activities in the manufacturing and non-manufacturing sectors of the country grew to 57.3 pet cent, howbeit sluggishly in comparative terms with previous growth trajectory.

Senate gives federal govt 7 days to end fuel queues

The Senate, on Thursday, issued a seven-day ultimatum to the Federal Government and the Nigerian National Petroleum Corporation (NNPC) to, within one week, end queues in fuel stations across the country.

NNPC can’t guarantee effective fuel distribution – Maikanti Baru

The Nigerian National Petroleum Corporation (NNPC), on Wednesday, raised the alarm over the activities of some cross-border fuel smuggling syndicates and hoarders which have so far impeded efforts by the corporation to sanitize the fuel supply and distribution matrix across the country.

Central bank boosts forex market with $210m

The Central Bank of Nigeria (CBN), Monday, ended transactions at the inter-bank foreign exchange (forex) market with the auction of $210 million.

Ex-Governor Lamido mocks President Buhari, Asiwaju Tinubu over fuel scarcity, anti-graft war

A former governor of Jigawa State, Sule Lamido, has jeered President Muhammadu Buhari and a chieftain of the ruling All Progressives Congress (APC), Bola Tinubu, over the fuel scarcity across the country, and the government’s fight against corruption.

No plans to increase fuel price – Ibe Kachikwu

The Minister of State for Petroleum Resources, Emmanuel Ibe Kachikwu, has denied news reports that the federal government was planning to jack up the pump price of petrol, at present fixed at N145 per litre.

CDHR threatens showdown with filling stations selling fuel above pump price in Delta

The Delta State chapter of the Committee for Defence of Human Rights (CDHR) has threatened massive clampdown on filling stations in the state, especially within the Warri axis and its environs, selling petrol over the approve N145 per litre.

Federal govt will find lasting solution to fuel scarcity – Ibe Kachikwu

Minister of State for Petroleum Resources, Emmanuel Ibe Kachikwu, has assured Nigerians that the Federal Government is working hard to find a lasting solution to seasonal lapses in the availability of fuel in the country.

Labour threatens mass action over fuel scarcity

Organised labour on Friday threatened to embark on strike if the ongoing fuel shortage ravaging the nation extends to next year.

Kebbi govt assures residents of commitment to end fuel scarcity

The Kebbi Government, on Tuesday, assured residents of its commitment to resolve the lingering fuel scarcity in the state.

US exporting dirty fuel to already pollution-choked India

U.S. oil refineries that are unable to sell a dirty fuel waste product at home are exporting vast quantities of it to India instead.

Recent Stories

Police arrest cattle rustlers, recover 32 cows, 26 sheep in Niger

Two suspected cattle rustlers terrorising Eregi Fulani Camp in Katcha Local Government Area of Niger state, have been arrested by the state Police Command.

Brighton sign Nigeria’s Leon Balogun on free transfer

Brighton have completed the signing of Nigeria international defender Leon Balogun on a free transfer.

Sony buys EMI Music Publishing in $1.9 billion deal

Japanese entertainment giant Sony on Tuesday unveiled a $1.9-billion deal to buy industry titan EMI Music Publishing, which has the rights to songs by the likes of Queen and Pharrell Williams.

N400 million fraud: EFCC wants Olisa Metuh tried in absentia

The EFCC on Tuesday asked the Federal High Court Abuja to proceed with the ongoing trial of a former PDP Spokesman, Olisa Metuh, in his absence.

Prophet: 2019 polls will be tougher than 2015

The General Overseer of Christ Mercyland Deliverance Ministry (CMDM)‎, Prophet Jeremiah Omoto Fufeyin, on Tuesday in Kano prophesied that the 2019 presidential election will be tougher than what was experienced in 2015, calling on Nigerians to earnestly pray for peace and unity in the country.