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Petroleum Equalisation Fund
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.
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 has reduced the pump price of premium motor spirit (petrol) from N168 per litre to N162.44 per litre effective from December 14, 2020.
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 Catholic Archbishop of Abuja, Most Rev. Ignatius Kaigama, has denied ever soliciting oil-sector jobs from the office of the vice president, Yemi Osinbajo.
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.
The Department of Petroleum Resources (DPR) has sealed five fillings stations in Cross River for selling petrol above the government approved price of N145 per litre and other offences.
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).
N28.58 trillion was remitted to Nigeria’s Federation Account between 2012 and 2016, according to a report from the Nigeria Extractive Industries Transparency Initiative (NEITI).
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.
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.
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.
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.
The National Economic council (NEC) and the Federation Allocation Accounts Committee (FAAC) have approved the use of Nigeria Liquiefed Natural Gas dividends for financing of the petroleum products importation.
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.
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The National Security has busted a 13-member gang involved in the printing and distribution of fake currency notes to unsuspecting victims, mostly foreign nationals.
Spartak Moscow manager Domenico Tedesco has revealed how Victor Moses has been a great help to his side since his arrival from Chelsea.
“I think we need to assess Kylian. Today he is going to start training individually and then we’ll see if he can be with the team at the end,” Pochettino told reporters at a press conference on Monday just before his side’s last training session prior to the game.
After Bill and Melinda Gates’ divorce documents revealed the couple never had a prenup, many are wondering how the couple, with a combined net worth of $130 billion, will split their assets.
The Middle Belt Forum has described as sad the threat by bandits to kill the students they abducted from Greenfield University, Kaduna.
Kenyan President Uhuru Kenyatta on Saturday lifted the COVID-19 lockdown he imposed last month, allowing for a reopening of bars and restaurants, religious services and schools,
Former Minister of Information, Chief John Nnia Nwodo, has dissociated himself from social media reports in which he purportedly accused the Indigenous People of Biafra (IPOB) of masterminding the killings and insecurity in the South East region of the country.
No fewer than 19 suspected agents of bandits have been arrested by men of the local security outfits in Munya and Shiroro Local Governments Areas of Niger State.
Moses Simon has earned his first selection this season in the French Ligue 1 Team of Week by L’Equipe after a superlative showing for FC Nantes.
The Katsina Emirate Council has suspended the Sarkin Pauwan Katsina, who is also the district head of Kankara, Yusuf Lawal, over alleged involvement in aiding and abating banditry activities in his domain.