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President of the Senate, Ahmad Lawan, has said the Senate will investigate the Petroleum Products Pricing Regulatory Agency over alleged non-remittance of N800 billion to the Federal Roads Maintenance Agency (FERMA) for the maintenance of roads across the country.
The Petroleum Products Pricing Regulatory Agency (PPPRA) has assured Nigerians of availability of petroleum products throughout the yuletide period.
In what may be described as a final offensive in its fight against smuggling, the federal government through the Comptroller-General of the Nigeria Customs Service, Hameed Ali, on Thursday announced the suspension of diesel and petrol supply to filling stations within 20 kilometres radius to all Nigerian borders.
The Petroleum Products Pricing Regulatory Agency (PPPRA) has threatened to sanction marketers of petroleum products who fail to display the prices of products in their retail outlets at all times.
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).
The Petroleum Products Pricing Regulatory Agency (PPPRA) has disclosed that the country’s daily consumption of petrol dropped from about 61 million litres to 50.22 million litres following the partial closure of Nigeria’s western border with Benin Republic and giving credence to claims that millions of litres are smuggled daily to Cameroon, Niger, Chad and Benin Republic.
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 volume of petroleum products transported from the Nigerian National Petroleum Corporation fuel depots reduced in the wake of the recent closure of the Nigerian border with Benin Republic, the Petroleum Products Pricing Regulatory Agency (PPPRA) has reported.
The implementation of the proposed reduction of the federal government’s equity holding in the joint ventures in the oil industry is one of the priorities of the Minister of State for Petroleum Resources, Timipre Sylva.
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, while ascertaining the state and adequacy of the current ones in use.
The National Bureau of Statistics said 5.61 billion litres of premium motor spirit (PMS) was imported into the country in the second quarter of 2019.
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said that Nigeria’s continuous subsidising of petrol consumption means the Nigerian National Petroleum Corporation (NNPC) will remain unprofitable in for a long time.
Nigeria’s Finance Minister Zainab Ahmed has reiterated government’s resolve not to remove fuel subsidy. She made the emphasis against the backdrop of long queues emerging at some filling stations amid the fear that a removal was imminent.
The Independent Petroleum Marketers Association of Nigeria (IPMAN), and National Union of Petroleum and Natural Gas Workers (NUPENG), have urged Nigerians to stop panicking over fuel scarcity as there is sufficient product.
Oil prices rose on Thursday, recouping some of the previous session’s losses after OPEC forecast a supply deficit next year and the U.S. Federal Reserve said the economic outlook was favorable.
Some 30,000 drivers have made down payments for Porsche’s first electric car, according to the high-end automaker’s chief executive.
World heavyweight boxing champion Anthony Joshua has expressed appreciation to the Consul General of Nigeria in New York, Mr Benaoyagha Okoyen, for psyching him up to reclaim his titles.
Nigerian striker Rinsola Babajide was the heroine for Liverpool Ladies in their Women Super League Cup 3-1 win over Durham FC at Prenton Park.
Rivers Governor Nyesom Wike has called on on leaders of Kalabari ethnic group inn the State to prevail on the Amanyanabo of Kalabari, King Theophilus J.T. Princewill, not to allow himself to be used by external forces to create disunity in the State.
The Attorney General of the Federation and Minister of Justice Abubakar Malami, SAN, has disclosed that the Federal Government has commenced investigation into the incident that happened between the operatives of the Department of State Service (DSS) and Omoyele Sowore, Convener, #RevolutionNow protest, at the Federal High Court, Abuja.
The Myanmar military launched a ferocious crackdown against its Rohingya Muslim population in 2017, driving around 740,000 into neighbouring Bangladesh.
The main political party leaders are continuing to push their election pledges to voters, as the campaign enters its final few days.
League leaders Plateau United suffered their first defeat in the Nigeria Professional Football League this season after going down to a 1-0 defeat against Heartland at the Okigwe Stadium on Sunday.
The Peoples Democratic Party (PDP) has called on President Muhammadu Buhari to put his house in order, saying that the public outburst by First Lady, Aisha Buhari, was another signal that the state house is in crisis.