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The Senate has asked the Nigerian National Petroleum Corporation (NNPC) to refund N216 billion paid by the commission as subsidy in 2017.
Mr Oluwole Oluleye, a former Executive Secretary, Petroleum Products Pricing Regulatory Agency (PPPRA), on Friday picked the Expression of Interest and Nomination Forms for forthcoming Ekiti governorship election.
Senator Makarfi: How ex-President Jonathan spent over $4.5 billion on kerosene subsidy without appropriation
Former Kaduna state governor and chairman of the Senate Committee on Finance at the 7th National Assembly, Senator Ahmed Makarfi, said a probe by his committee revealed that about $4.4bn was spent by the former President Goodluck Jonathan administration.
The Nigerian National Petroleum Corporation (NNPC) on Saturday allayed fears that pump price of petrol might move up following National Assembly’s recent passage of the Petroleum Industry Governance Bill (PIGB), which levied a five per cent petrol tax.
Oil marketers and the Organised Private Sector (OPS) on Sunday, canvassed for two regulatory bodies to regulate the oil industry under the Petroleum Industry Governance Bill [PIGB] currently before the National Assembly.
Residents of Warri and its environs have commended officials of the Petroleum Products Marketing Company (PPMC) over what they called ‘efficient strategy’ in the supply of petroleum products which has led to the crash of petrol otherwise known as PMS to the official pump prize in most filling stations.
Indications emerged on Sunday that workers of the Department of Petroleum Resources (DPR), and the Petroleum Products Pricing Regulatory Agency (PPPRA) would be absorbed into the new petroleum industry regulator to be set up by the Petroleum Industry Governance Bill (PIGB).
The Trade Union Congress has urged the federal government to declare a state of emergency in power sector.
The Trade Union Congress of Nigeria (TUC) has vowed to mobilize Nigerians to resist the proposed increase in electricity tariff as canvassed by the Minister of Power, Works and Housing, Babatunde Fashola, saying it was not the solution to the energy crisis in the country.
The Petroleum Technology Development Fund (PTDF) said it has completed arrangements to conduct a two-day training for officials in relevant agencies under the Federal Ministry of Petroleum Resources, and other key ministries, departments and agencies (MDA’s) on the completion of OPEC Annual Questionnaire for member countries.
The Nigerian National Petroleum Corporation has said it received a total sum of N5.1tn as payments for subsidy on premium motor spirit (petrol) between 2006 and 2015.
Tempers flared once again at the Senate on Wednesday as senators questioned the commitment of the executive arm of government to protect lives and property of Nigerians.
The Federal Government would prosecute any marketer that sells petrol above the recommended N145 per litre, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has warned.
The Federal Government on Friday said it had commenced a review of the pricing template for Premium Motor Spirit, popularly known as petrol. It noted, however, that the price of the product would remain unchanged.
The Minister of State for Petroleum Resources, Dr Emmanuel Ibe Kachikwu, says the mandate of the president is to ensure that N145 petrol pump price was maintained Kachikwu while briefing newsmen in Abuja, on Friday said there was no plan to increase the pump price.
Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, on Thursday said 4501 petrol trucks vanished from the Nigerian radar in December.
A coalition of civil society groups under the aegis of Civil Society for Development Initiative, CSDI, have accused oil marketers of pushing for a return of the fuel subsidy regime.
Alhaji Suleiman Zarma, the Minister of State, Power, Works and Housing, said that the Federal Government was committed to timely completion of the Lagos-Ibadan Expressway.
The House of Representatives, on Thursday, voted against the Bill for an Act to Establish the Nigerian Peace Corps.
Hollywood movie star, Morgan Freeman, apologized Thursday over reports that multiple women accused him of sexual misconduct.
The Federal Government has outlined a four-day activities to mark the 2018 Democracy Day, from May 25 to May 29.
Some armed policemen allegedly invaded the Arogbo community in Ese-Odo Local Government Area of Ondo State on Thursday, shooting into the air.
Paris Saint-Germain president Nasser Al-Khelaifi has fuelled speculation of a summer transfer for Neymar by stating that "nothing and nobody is bigger than the club".
A Syrian engineer who was abducted last week by unknown gunmen in Sokoto state in northern Nigeria has been released, the police said on Wednesday.
Cazorla has two FA Cup winners' medals from his time with Arsenal and scored in their 3-2 cup final win over Hull at Wembley in 2014
The Independent National Electoral Commission (INEC) says 174,198 Permanent Voters Cards (PVCs) are ready for collection in Borno.
Legal luminary and human rights activist, Mr. Femi Falana (SAN), on Thursday, thanked President Muhammadu Buhari for his birthday wishes and prayers as he turned 60 on May 20.