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Nigerian National Petroleum Corporation (NNPC)

Subsidy: NNPC faces more pressure as Bonny Light rises by 150 percent

There are indications that the Federal Government through the Nigerian National Petroleum Corporation, NNPC would be under more pressure to fund Nigeria’s petrol under-recovery or subsidy as the price of Bonny Light rises to $65 per barrel in May 2021.
Chief Ndueso Essien, a former Minister of Lands, Housing and Urban Development, has said that abandonment of societal values contributed much to increased rape cases.

Communities’ participation in oil better than 13 per cent derivation – ex-minister

A former minister of Lands, Housing and Urban Development in Nigeria, Nduese Essien, has said that allowing oil-producing communities to participate in Nigeria’s petroleum industry would be the best option for the development of the troubled Niger Delta region.
The Minister of State for Petroleum Resources, Mr. Timipre Sylva, yesterday disclosed that the federal government plans to conduct oil blocks bid rounds in 2020.

RMAFC official: Timipre Sylva is Bayelsa’s gift to Nigeria

A member of the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC), Alfred Egba, has said the honorary Doctoral degree conferred on the Minister for State, Petroleum Resources, Chief Timipre Sylva, was an appreciation of the minister’s contributions to the national development.
The Managing Director of Rain Oil Limited, Dr. Gabriel Ogbechie, has advocated the need for the Federal Government to fully deregulate the nation’s downstream sector of the petroleum industry.

Rain Oil boss advocates full deregulation of downstream sector

The Managing Director of Rain Oil Limited, Dr. Gabriel Ogbechie, has advocated the need for the Federal Government to fully deregulate the nation’s downstream sector of the petroleum industry.
The Director of the Department of Petroleum Resources, Engr. Sarki Auwalu, has disclosed that the department generated N2 trillion for the country in 2020, despite the downturn in the oil and gas industry caused by the Covid-19 pandemic.

Official: DPR generated N2 trillion for Nigeria in 2020

The Director of the Department of Petroleum Resources, Engr. Sarki Auwalu, has disclosed that the department generated N2 trillion for the country in 2020, despite the downturn in the oil and gas industry caused by the Covid-19 pandemic.
Deputy President of the Senate, Senator Ovie Omo-Agege, All Progressives Congress, APC, Delta Central has described the death of the Chief Executive Officer and Managing Director of BGL PLC, Albert Okumagba, as a great and colossal loss to the capital market industry, to the Urhobos, Delta State and Nigeria at large.

Senator Omo-Agege: Nigeria loses $235 billion to non-passage of PIB

Deputy President of the Senate, Senator Ovie Omo-Agege, has disclosed that Nigeria has lost $235 million due to the long delay in the passage of the Petroleum Industry Bill (PIB).

CSOs push for full deregulation as petrol queues emerge in Abuja

Civil society groups on Saturday pushed for complete deregulation of the downstream sector of the petroleum industry that allows markets forces to determine the pump price of petrol and other petroleum products in the country.

DPR denies employing President Buhari’s aide as supervisor of new division

The Department of Petroleum Resources (DPR) has denied media reports that it offered employment to President Muhammadu Buhari's media aide, Bashir Ahmad.
FILE PHOTO - Oil pours out of a spout from Edwin Drake's original 1859 well that launched the modern petroleum industry at the Drake Well Museum and Park in Titusville, Pennsylvania U.S., October 5, 2017. REUTERS-Brendan McDermid

Crude oil price hits 13-month high

Oil prices yesterday maintained their upswing, hitting their highest in about 13 months on the back of vaccine rollouts expected to increase demand even as producers kept supply reined in.

Major petroleum marketers advocate joint action to mitigate effects of petrol price hike

Marketers of petroleum products under the aegis of Major Oil Marketers Association of Nigeria (MOMAN) have called for a joint action of stakeholders in the Nigeria economy to find ways to mitigate adverse effects of the imminent increase in the price of petrol.

DPR to upgrade downstream petroleum sector operations

The Department of Petroleum Resources, DPR, Tuesday, disclosed that it plans to upgrade operations in the downstream petroleum industry, leveraging on its ongoing automation process.

DPR: It’s practically impossible to steal crude oil offshore

The Department of Petroleum Resources (DPR), yesterday, disclosed that majority of the crude oil theft recorded in the country’s petroleum industry occur in the inland terminals, noting that it is practically impossible to steal crude oil from the offshore terminals.
House of Representatives has elected to set a limit and timeframe for any person appointed as the Chairman of the Economic and Financial Crimes Commission, EFCC on acting capacity.

House of Reps flays scuffle at PIB public hearing

The House of Representatives has condemned the free-for-all that broke out at the public hearing of the Petroleum Industry Bill (PIB), 2020 on Thursday between two representatives of the host communities.
The Senate President, Ahmad Lawan, has said that for appreciable development to take place in the country, more women must be regarded and enlisted to take up more spaces in governance.

Senate president: Delaying passage of PIB will cost Nigeria economic losses

Lawan stated this on Monday while delivering his remarks at a two-day public hearing on PIB organised by the Senate Joint Committee on Petroleum Sector (Downstream); Petroleum Resources (Upstream); and Gas.
FILE PHOTO - Oil pours out of a spout from Edwin Drake's original 1859 well that launched the modern petroleum industry at the Drake Well Museum and Park in Titusville, Pennsylvania U.S., October 5, 2017. REUTERS-Brendan McDermid

Oil prices rise as optimism over economy outweighs fuel demand concerns

Oil prices climbed on Tuesday as optimism that government stimulus will buoy global economic growth and oil demand trumped concerns that renewed COVID-19 pandemic lockdowns globally could cool fuel consumption.
Vice President Yemi Osinbajo has charged stakeholders in the oil industry to find a way of producing oil cheaper at the largest volume possible given the circumstances and future of oil itself and the country’s of requirements and needs.

VP Osinbajo: Nigeria should find way of producing oil cheaper at largest volume

Vice President Yemi Osinbajo has charged stakeholders in the oil industry to find a way of producing oil cheaper at the largest volume possible given the circumstances and future of oil itself and the country’s of requirements and needs.
The immediate past Chairman of the Society of Petroleum Engineers, SPE, Council Nigeria, Engr. Joe Nwakwue in a chat with newsmen on Monday said Nigeria needs to urgently implement a full deregulation of the sector.

Ex-SPE chair: Nigerian government lacks clear policy on downstream deregulation

Following fears that Nigeria may have returned to the era of petrol subsidy payment, the Federal Government has been accused of lacking policy clarity in the deregulation of the downstream sector of the petroleum industry.

Lagos Chamber calls for passage of petroleum industry bill

The Lagos Chamber of Commerce and Industry (LCCI) has urged the National Assembly to ensure the passage of a competitive Petroleum Industry Bill (PIB) that would make Nigeria an investment destination of choice.
The Minister of State for Petroleum Resources, Chief Timipre Sylva, has said that more private and public sector collaboration will be encouraged as Nigeria steps up effort to realise its target of boosting domestic gas utilisation.

AfCFTA: Nigeria to become petroleum products refining hub – minister

The Federal Government says it will leverage the opportunities provided by the African Continental Free Trade Area Agreement (AfCFTA) to reposition the oil and gas sector.
Dr Chris Ngige, Minister of Labour and Employment said this while fielding questions on television concerning the time for payment of the new wage.

Nigerian government inaugurates technical committee to monitor, stabilise petrol pump price

The Federal Government has inaugurated a Technical Committee for the monitoring of Premium Motor Spirit (PMS) price framework in the country.
Mele Kyari, group managing director, Nigerian National Petroleum Corporation (NNPC), says buyers were begged to purchase Nigeria’s crude oil at $9 per barrel in April.

Nigeria most expensive for upstream projects – NNPC chief

The Group Managing Director, Nigerian National Petroleum Corporation, NNPC, Mele Kyari, has disclosed that Nigeria remains one of the most expensive countries in the world for petroleum upstream projects.
This follows the federal government’s decision yesterday to accede to the demands by the Academic Staff Union of Universities (ASUU) that they be exempted from the Integrated Payroll and Personnel Information System (IPPIS).

ASUU set to call off strike as Nigerian government exempts lecturers from IPPIS

This follows the federal government’s decision yesterday to accede to the demands by the Academic Staff Union of Universities (ASUU) that they be exempted from the Integrated Payroll and Personnel Information System (IPPIS).

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Nigeria cricket federation invites 40 women to camp

The Nigeria Cricket Federation (NCF) said it invited 40 women to resume camp ahead of the Kwibuka Women Invitational tournament in Kigali, Rwanda.
The governor of Ondo State, Rotimi Akeredolu, has reacted to his victory at the primary election of the All Progressives Congress (APC).

Ondo gives drivers three-month ultimatum to register

Ondo State Government has given taxi drivers operating in the state, three months within which to register with the State Information Technology Agency (SITA), where their biodata would be captured.
Leia Se, 26, and her boyfriend, YouTube star Josh Paler Lin, sparked an uproar in April after they posted an Instagram video showing her shopping on the Indonesian resort island with a painted facial mask.

Russian woman deported for painting face as face mask

A Russian woman was deported from Bali on Wednesday for violating (COVID-19) rules after she had entered a supermarket with her face painted to look like she was wearing a mask.

2023: ‘Political party gamblers’ no longer acceptable in APGA – party leader

The Chairman, All Progressives Grand Alliance (APGA) in Abia State, Augustine Ehiemere, said the party will no longer issue tickets to “political party gamblers”.

Ex-Cameroon boss Hugo Broos confirms Safa contact over national team job

Former Cameroon head coach Hugo Brooks has confirmed contact from the South African Football Association regarding the Bafana Bafana coaching job.

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A notorious leader of bandits, Auwalu Daudawa, and six members of his gang on Monday repented and surrendered 20 AK-47 riffles and one RPG to security agencies in Zamfara.

Zamfara notorious bandit killed in clash with rival group

‘Those who live by the sword die by the sword’, goes a popular saying. That turned out to be story of Auwal Daudawal, a bandit leader that returned to his vomit after he presumably turned a new leaf.

Four killed in Ebonyi auto crash

Four persons lost their lives in a ghastly auto crash at the Spera-en-deo junction of the Ogoja-Abakaliki-Enugu federal highway on Monday evening.
The highly infectious variant of the novel coronavirus that is predominant in the United Kingdom may be up to 70 percent more deadly than previous strains, according to a report by the government’s scientific advisers.

Nigerian records 55 new coronavirus infections

The Nigeria Centre for Disease Control (NCDC) has registered 55 new cases of COVID-19, bringing the total number of infections in the country to 165,110.

INEC commences nationwide verification for polling units expansion

The Independent National Electoral Commission (INEC) yesterday commenced a nationwide verification exercise for centres proposed for voting units to be converted to polling units across the country.
The Minister of Interior, Rauf Aregbesola, has instructed the Commandant-General of the Nigeria Security and Civil Defence Corps (NSCDC), Dr. Ahmed Audi, to return Nigeria back to the olden days when people could travel freely on the roads.

NSCDC boss gets coronavirus vaccine, encourages personnel to receive jab

Dr Ahmed Audi, Commandant General, Nigeria Security and Civil Defence Corps (NSCDC) has encouraged personnel to get the COVID-19 vaccine as he received the AstraZeneca jab.