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Newsmen report that the meeting is being presided over by President Muhammadu Buhari at the Council Chambers of the Presidential Villa, Abuja, on Wednesday.

President Buhari mourns Saudi Arabia’s ex-oil minister

President Muhammadu Buhari has expressed sadness over the death of former Saudi Arabia’s longest serving Oil Minister, Sheikh Ahmed Zaki Yamani, who died at a London hospital at 90.

DPR, aviation firm partner to de-risk oil, gas operations

The Department of Petroleum Resources on Monday inaugurated an initiative aimed at tackling accidents associated with oil and gas operations through the use of helicopters to ensure the safety of lives.
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.

Niger Delta group dismisses $27 million bribe allegations against Timi Sylva, Simbi Wabote

An advocacy group, Niger Delta Peace Dialogue Initiative, NDPDI, has described as tissues of lies the allegations of $25 million and $2 million bribe taking against the Minister of State for Petroleum Resources, Chief Timipre Sylva, and Executive Secretary, Nigerian Local Content Development and Monitoring Board, Chief Simbi Wabote, respectively.
The Minister of State for Petroleum Resources, Chief Timipre Sylva, has insisted that there is no plan to divest the Federal Government’s stakes in joint venture oil assets.

Minister: Nigerian government will make gas alternative energy for industries, transportation

The federal government yesterday inaugurated the National Gas Expansion Programme (NGEP) in the Southwest Nigeria as part of its efforts to make gas an alternative energy for industrial, transportation and domestic uses.

DPR flags off search, rescue, command centre in Lagos

The Department of Petroleum Resources (DPR) on Monday flagged off the Oil and Gas Search, Rescue and Surveillance (SeRAS) Command and Control Centre in Lagos.

Court adjourns Jide Omokore, others ‘$1.6 billion oil fraud’ trial over witnesses absence

An Abuja Federal High Court has adjourned the alleged money laundering trial of Jide Omokore, Atlantic Energy Brass Limited and Atlantic Energy Drilling Concept Limited until February 23.

IPMAN: Petrol price may rise to N195 per litre

Members of the Independent Petroleum Marketers Association of Nigeria, IPMAN, have advised Nigerians to expect a higher petrol pump price in the coming days, saying the price may rise to N195 per litre.

Shell says allegations of involvement in ‘oil theft’ misleading

The Shell Petroleum Development Company of Nigeria (SPDC) says allegations of involvement in oil theft at its Bonny Crude Export Terminal is misleading.

DPR urges businessmen invest in oil and gas, instead of indulging in illegal refineries

The Department of Petroleum Resources (DPR) has called on businessmen to invest in the oil and gas industry, instead of indulging in illegal refineries.

DPR: Panic buying cause of queues at filling stations in Maiduguri

The Department of Petroleum Resources (DPR) says queues observed in some filing stations in Maiduguri are caused by panic buying by motorists on the assumption that the price of petrol would soon increase.
Nigerian National Petroleum Corporation (NNPC)

Official: NNPC not owing federation account N3.8 trillion

The Nigerian National Petroleum Corporation, (NNPC), has said that contrary to reports that it is owing the Federation Account the sum of N3.8 trillion, it is the Federation Account and Allocation Committee (FAAC) that’s owing it the sum of N787 billion from over draft.

Petroleum marketers increase petrol price to N170 per litre

Petroleum marketers are beginning to adjust the pump price of petrol to N170 per litre from between N161 and N165, according to a report.
Nigerian National Petroleum Corporation (NNPC)

NNPC: No plans to increase petrol price

The Nigerian National Petroleum Corporation (NNPC) has assured Organised labour and Nigerians that there will be no increase in the price of Premium Motor Spirit (PMS) also known as Petrol in the month February.

Nigerian court blocks Shell’s accounts over ‘oil theft’

The Federal High Court in Lagos has granted an interim mareva injunction directing commercial banks to block Shell Petroleum Development Company of Nigeria Ltd accounts.

DPR warns marketers against hoarding petroleum products

Mr. Auwalu said that the warning had become imperative following reports received by the agency on the unwholesome activities of some depot owners who have created artificial scarcity by hoarding products in some parts of 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.
Mr Bank-Anthony Okoroafor, an energy expert, has commended the Federal Government on plans to make available 600,000 gas cylinders in the country as part of effort to drive Liquified Natural Gas (LPG) penetration.

IPMAN pledges to support Nigerian government’s policy on gas expansion

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has pledged to support the Nigerian government’s policy on the National Gas Expansion Programme (NGEP).

IMF: Nigeria vowed to avoid fuel subsidy’s return

The International Monetary Fund says Nigeria has expressed strong commitment to avoid the return of fuel subsidy and to put an end to electricity tariff shortfalls by June this year.

DPR inaugurates downstream remote monitoring system

The Department of Petroleum Resources (DPR) has inaugurated a Downstream Remote Monitoring System (DRMS) for transparency and accountability in monitoring transportation of petroleum products in the country.
The number of active oil rigs in the country fell by 23.8 per cent to 16 in April amid the coronavirus-induced collapse in prices and demand for crude.

Oil exploration drops by 150 percent in Nigeria

There are indications that oil exploration has dropped by 150 per cent in Nigeria in the past year, due mainly to the prolonged delay in the passage of the nation’s Petroleum Industry Bill, PIB, into law.
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.

Minister: Why another hike in price of petrol is inevitable

The Minister of State for Petroleum Resources, Mr. Timipre Sylva, has asked Nigerians to ready to endure the pain of another hike in the price of premium motor spirit, popularly called petrol, even as the country is also set to benefit from the rise in price of crude oil in the international market.

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Governor Seyi Makinde of Oyo State, on Wednesday, declared that starting from next year, the government would declare Hijrah holiday in line with the yearnings of the Muslim community in the state.

Oyo governor to declare Hijrah holiday from next year

Governor Seyi Makinde of Oyo State, on Wednesday, declared that starting from next year, the government would declare Hijrah holiday in line with the yearnings of the Muslim community in the state.
Zimbabwe's 71-year-old Vice President Kembo Mohadi on Wednesday refuted accusations of sexual misconduct by an online news outlet, saying he is the victim of political machinations.

Zimbabwean vice president accused of soliciting sex at his office

Zimbabwe's 71-year-old Vice President Kembo Mohadi on Wednesday refuted accusations of sexual misconduct by an online news outlet, saying he is the victim of "political machinations".
Nigeria Export Processing Zones Authority (NEPZA)

Nigerian government announces additional economic zones for agric, textile

The federal government has approved the expansion of the existing Free Trade Zones (FTZs), as well as the activation of existing ones to respond to the demands of the African Continental Free Trade Area Agreement (AfCFTA) and the COVID-19 pandemic.

WAEC registration: Kwara government warns principals against extortion

The Kwara Government has warned principals in public schools not to extort students during the registration of the upcoming West Africa Examination Council (WAEC) examination.

Court affirms Ogun NUJ chairman

The National Industrial Court, sitting in Ibadan, on Wednesday, affirmed the election of Comrade Soji Amosu as the duly elected Chairman of Ogun State chapter of the Nigeria Union of Journalists (NUJ).

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In Turkey, they want Bayern Munich central defender Jerome Boateng to join Fenerbahce. According to 'FotoSpor', the club are trying, thanks to Ozil, to get the player to try his luck in this competition.

Fenerbahce use Mesut Ozil to try and persuade Jerome Boateng

In Turkey, they want Bayern Munich central defender Jerome Boateng to join Fenerbahce. According to 'FotoSpor', the club are trying, thanks to Ozil, to get the player to try his luck in this competition.
33. D’Tigers have maintained their dominance on the continent with another emphatic 64-51pts win over Rwanda at the ongoing 2021 FIBA Afrobasket qualifiers in Tunisia.

AfrobasketQ: D’Tigers thrash Rwanda 64-51 to maintain unbeaten run

D’Tigers have maintained their dominance on the continent with another emphatic 64-51pts win over Rwanda at the ongoing 2021 FIBA Afrobasket qualifiers in Tunisia.
FILE PHOTO - Tourists walk around the forecourt of Australia's Parliament House in Canberra, Australia, October 16, 2017. REUTERS-David Gray

Australian woman to lodge police complaint over ‘rape’ in parliament – media

A woman who says she was raped by a colleague in Australia’s parliament two years ago said in a statement given to Australian media on Friday that she would lodge a formal complaint with police to open an investigation into the incident.
Hyundai is finally recalling some 76,000 Kona EVs built between 2018 and 2020 after more than a dozen reported fires related to the electric SUV’s battery pack.

Hyundai recalls Kona EVs over battery fire risk

Hyundai is finally recalling some 76,000 Kona EVs built between 2018 and 2020 after more than a dozen reported fires related to the electric SUV’s battery pack. It’s the second recall of the Kona EV, but the first global recall, and it will cost Hyundai around $900 million to perform.

PDP NWC meets Reps minority leader, others, advocates reinvigorated opposition

The national leadership of the Peoples Democratic Party (PDP) has met with the Minority Leader of the House of Representatives, Hon. Ndudi Elumelu, and handed over the affairs of the opposition in the lower house to him.