Petroleum

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

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.

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

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

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

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.

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.

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.

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

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.

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.

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.

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.

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

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

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.

The Central Bank of Nigeria (CBN), yesterday, injected a total of $285,759,449.10 into the Inter-Bank Foreign Exchange Market to meet requests in four sectors of the economy.

A group, under the aegis of Concerned Edo Leaders of Thought (CELT), on Wednesday, faulted a call for the secession of the country, saying that Nigeria could do better if it remains as one entity.