Home Topics Petroleum

Petroleum

President of the Nigeria Labour Congress (NLC), Mr Ayuba Wabba

NLC demands new petrol price reversal

The Nigeria Labour Congress (NLC) has kicked against the new fuel price of N143.8 announced by the Petroleum Products Price Regulatory Agency (PPPRA) on Wednesday, saying “this might just be the last straw that would break the camel’s back.”

NUPENG threatens strike over bad roads, extortion

The Nigerian Union of Petroleum and Natural Gas Workers (NUPENG) has threatened an industrial action over the poor state of roads in the country.
The Petroleum Products Pricing Regulatory Agency (PPPRA) is set to commence a comprehensive audit and survey of downstream oil and gas logistic facilities, with a view to identifying the infrastructure gap in the sector

PPPRA: Why government’ll not hands-off downstream oil sector

The Petroleum Products Pricing Regulatory Agency (PPPRA), Sunday, insisted that it would continue to regulate the downstream petroleum industry, irrespective of the recent deregulation of the sector, to prevent petroleum products marketers from exploiting consumers and also to enforce the appropriate laws guiding the industry.
The Department of Petroleum Resources (DPR), Osogbo field Office, has sealed 15 Liquefied Petroleum Gas (LPG) skid stations for operating without valid licences.

DPR seals petrol station over pump price violation in Yola

The Department of Petroleum Resources (DPR) has sealed a filling station in Yola for allegedly violating the Federal Government new petroleum pump price directive.
Mele Kyari,

Daily fuel consumption unknown – NNPC chief

The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, says the organisation does not know the exact litres of oil being consumed in the country per day.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

CBN: Economy contracted in May

Economic activities in manufacturing, production, new others and other indices contracted in May after recording at least 36 months of consecutive growth.
Seplat Petroleum Development Company

Seplat targets more acquisitions as shareholders get $59m dividends

Seplat Petroleum Development Company Plc remains a resilient business with strong balance sheet to acquire more oil and gas assets and ensure sustainable growths and returns to shareholders.
Nigerian National Petroleum Corporation (NNPC)

IPMAN applauds NNPC over availability of products under lockdown

The Independent Petroleum Marketers Association of Nigeria (IPMAN) Kano state chapter has on Tuesday applauded the leadership qualities of the Nigeria National Petroleum Corporation (NNPC) which it said brought about the availability of products in spite of the lockdown order occasioned by the coronavirus pandemic.
Ibrahim Magu

EFCC chief asks Nigerians in Diaspora to pressurise UK to turn in former oil...

The Acting Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ibrahim Magu, has asked Nigerians in Diaspora to put pressure on the United Kingdom to release former Petroleum Minister, Diezani Alison-Madueke, to face trial over alleged corruption in Nigeria.
The Nigerian Ports Authority (NPA) says it has come up with solutions to reduce the waiting time of vessels berthing at Lagos terminals.

50 ships with petroleum products, food items to arrive Lagos ports

Fifty ships laden with petroleum products, food items and other goods are expected at the TinCan Island Port and the Lagos Port Complex from May 20 to June 3.
Governor Willie Obiano

IPMAN raises alarm over imminent multiple tanker explosion in Anambra

The Enugu Depot Unit of the Independent Petroleum Marketers Association of Nigeria (IPMAN), has called on the Gov. Willy Obiano of Anambra State to urgently address the excesses of the state’s anti-COVID-19 security operatives at various boarders in the state to avoid an impending fire disaster.

Edo marketers defy petrol price reduction

Independent petroleum Marketers within Benin metropolis in Edo, have continued to dispense petrol at N125 per litre in deference to the recently announced pump price of N108 per litre.

Oil industry begins third phase coronavirus intervention in Bayelsa

The oil and gas industry in Nigeria weekend embarked on the third phase of its intervention in the fight against the Covid-19 pandemic, with the takeoff of an infectious diseases centre in Bayelsa to serve the entire Niger Delta region.
Governor Adegboyega Oyetola of Osun State has announced a two-week extension to the ongoing state-wide lockdown to combat the novel coronavirus (COVID-19).

Osun relaxes coronavirus lockdown

The governor of Osun State, Gboyega Oyetola, has announced the relaxation of the lockdown in the state from May 4.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

Petroleum explorationists, others call for central bank’s intervention

Following the crash in global oil prices occasioned by the coronavirus pandemic, indigenous Petroleum Explorationists have called for urgent intervention of the Central Bank of Nigeria, CBN, as they would be unable to meet their financial exposure to commercial banks at the current oil prices.
Gov. Ifeanyi Okowa of Delta State has confirmed the index case of Covid -19 in the state, saying it is not a death sentence.

Governor Okowa: Why I partially lifted total lockdown

The governor of Delta State, Dr Ifeanyi Okowa, on Tuesday, announced the partial lifting of total lockdown within the state effective from Thursday, April 30th 2020.
The Petroleum Products Pricing Regulatory Agency (PPPRA) is set to commence a comprehensive audit and survey of downstream oil and gas logistic facilities, with a view to identifying the infrastructure gap in the sector

Fuel import: PPPRA engages central bank on forex for oil marketers

The Petroleum Products Pricing Regulatory Agency (PPPRA), Monday said it is engaging with the Central Bank of Nigeria (CBN) on ways to make foreign exchange accessible to private oil marketing companies seeking to import Premium Motor Spirit (PMS), also known as petrol, and other petroleum products.
Nigerian National Petroleum Corporation (NNPC)

NNPC donates ambulance, medical kits to Kano

The Nigerian National Petroleum Corporation (NNPC) has donated an ambulance and other medical consumables to Kano State Government to prevent the spread of COVID-19 in the state.

Recent Stories

Prime Minister Viktor Orban’s Chief of Staff Gergely Gulyas said that Hungarian health officials have placed 154 countries into three risk categories based on numbers of coronavirus infections.

Hungary bars travel from Africa, Asia

Hungary’s government said Sunday it was barring travel from Africa, most of Asia apart from China and Japan, and restricting entry from several European countries after worldwide spikes in coronavirus cases.
Ultimate Fighting Championship president, Dana White, has hinted that Gilbert Burns will be the next fight for welterweight champion, Kamaru Usman.

UFC: Kamaru Usman to face Gilbert Burns in next fight

Ultimate Fighting Championship president, Dana White, has hinted that Gilbert Burns will be the next fight for welterweight champion, Kamaru Usman.
Chelsea have reportedly ‘reached an agreement’ to sign Trabzonspor goalkeeper Uğurcan Çakır.

Chelsea ‘reach an agreement’ to sign Turkish goalkeeper

Çakır is one of the most highly rated goalkeeper outside of Europe’s top five leagues and has been capped twice by Turkey.
The Judicial Commission of Inquiry set up by Governor Godwin Obaseki to investigate the construction of the Edo Specialist Hospital and supply of equipment has indicted former governor, Adams Oshiomhole.

Edo guber: PDP chieftain vows to work against Governor Obaseki

Prince Kassim Afegbua, a chieftain of the Peoples’ Democratic Party (PDP) and former Commissioner for Information in Edo state, has vowed to openly work against Governor Godwin Obaseki, the party’s candidate for the September 19 governorship election in Edo state.

Nigerian government formally hands over National Theatre to central bank, bankers committee

The Federal government of Nigeria has on Sunday, July 12, 2020, formally handed over the National Theatre Iganmu to the Central Bank of Nigeria (CBN) and Bankers Committee.