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Timipre Sylva

Cryptocurrency: “There is need for regulation and not prohibition of Cryptocurrency” - Vice President Yemi Osinbajo speaking at the CBN Bankers’ Forum today, 26th February 2021.

VP Osinbajo: Nigerian government promoting modular refineries, new vision for Niger Delta

Vice President Yemi Osinbajo says the integration of artisanal and modular refinery operators into the mainstream oil and gas sector will boost local content in the industry.
Deputy Speaker of the House of Representatives, Rt. Hon. Ahmed Idris Wase, has congratulated Vice President, Professor Yemi Osinbajo on his 64th birthday on Monday.

VP Osinbajo: Why we are promoting modular refineries, new vision for Niger Delta

Vice President Yemi Osinbajo, SAN, says the integration of artisanal and modular refinery operators into mainstream oil and gas sector will promote the inclusion of more local content in the industry and advance the use of home-grown technology in the refining of petroleum products.

One dead, many hospitalized as oil spill shatters Delta communities

The people of Polobubo, Opuama and other riverine communities in Delta State have raised the alarm over a crushing oil spillage that has left a villager dead and several persons hospitalized.
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: No petrol price increase until Nigerian government meets with labour

The federal government yesterday strongly pushed back on insinuations that it had increased the pump price of petrol from N162 to N212.61 per litre.
The National Publicity Secretary, Kola Ologbondiyan, “He is fully aware of the constitutional implication of his decision to defect to another party; which is that he cannot continue to occupy the seat of the PDP in the Senate.

PDP advises federal government against increasing pump price of petrol

The party in a statement by its National Publicity Secretary, Mr Kola Ologbondiyan, in Abuja said any contemplation to increase pump price of petrol to N212 would worsen the economic and social situations of Nigerians.
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.

Nigerian government rejects petrol price hike by agency

The Minister of States for Petroleum, Timipre Sylva, has disowned the increase in the price of petrol as announced earlier by the Petroleum Products Pricing Agency, PPPRA. Mr Sylva said neither he nor President Muhammadu...
Mele Kyari,

NNPC chief: Fiscal framework will enhance gas development

The Nigerian National Petroleum Corporation (NNPC) has called for a legislative framework with clear fiscal terms in order to tap the full potential of the gas resources in the nation’s deepwater acreages.
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

Fuel price hike looms as crude oil hits $71 per barrel

There will be more money for the 2021 budget implementation as the crude oil price on Monday hit $71/ barrel which doubles the $30 benchmark.
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: PIB will address production sharing contracts issues on gas

The Minister of State for Petroleum Resources, Chief Timipre Sylva, says the Petroleum Industry Bill (PIB) currently before the National Assembly will resolve the issues under the Production Sharing Contracts (PSC) on gas.
Mele Kyari,

NNPC boss: Clear fiscal framework will enhance gas development

The Nigerian National Petroleum Corporation (NNPC) has called for a legislative framework with clear fiscal terms in order to tap the full potential of the gas resources in the nation’s deepwater acreages.
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.

Nigeria signs deal with Morocco on phosphate import, ammonia export

The deal was witnessed by the Minister of State for Petroleum Resources, Mr. Timipre Sylva, Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari; Governor of Akwa Ibom, Mr. Udom Emmanuel; his Jigawa counterpart, Badaru Abubakar and Managing Director of Nigeria Sovereign Investment Authority (NSIA), Mr. Uche Orji.
Secretary of the APC Caretaker Committee, Senator John J. Akpanudoedehe in a statement on Tuesday said the 16 years of PDP administration was characterised by “looting of public funds”, adding that the party should spare Nigerians of the trauma of a reminder of the “disaster.”

APC urges fuel stations to stop hoarding petrol

The ruling All Progressives Congress (APC) has asked Nigerians to stop panic-buying following what it described as artificial fuel scarcity in the country.
Nigerian National Petroleum Corporation (NNPC)

Petrol queues: NNPC calls for calm, says no price hike in March

The Corporation’s new stand is contrary to expectation of possible price hike in the month following rise in the price of crude oil in the international market and the warning by the Minister of State, Petroleum Resources, Chief Timipre Sylva, that NNPC could not continue to absolve the extra cost in the pump price of petrol.
Seplat Petroleum Development Company

Seplat driving sustainability with growing gas business – chief

Seplat Petroleum Development Company Plc, leading indigenous energy company, has identified its fast-growing gas business as a strong catalyst for sustainable development in Nigeria.
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: Passage of PIB’ll unlock several midstream gas opportunities

Chief Timipre Sylva, Minister of State for Petroleum Resources, says the passage of the Petroleum Industry Bill (PIB) will unlock several midstream gas opportunities and enhance domestic gas utilisation.
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.

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.

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.
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.

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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.

NNPC boss: Fuel queues will disappear soon

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has frowned at the re-emergence of petrol queues across the country, assuring that the situation will normalize in hours.
The Minister of State for Budget and National Planning, Clem Ikanade Agba, says to reduce the over 2.5 million acutely malnourished and stunted children, the Federal Government is implementing innovative policies and strategies that are appropriately funded, data-driven and sustainable.

Minister: No constituency projects in economic sustainability plan

The Minister of State for Budget and National Planning, Clem Ikanade Agba, has dismissed a claim by a member of the Federal House of Representatives, representing Etsako Federal Constituency, Johnson Oghuma, that he appropriated some of his constituency projects.

South Arabia donates food items to Borno, Yobe, Zamfara IDPs

The Kingdom of Saudi Arabia has donated assorted food items worth 1.1 million dollars for distribution to Internally Displaced Persons (IDPs) in Borno, Yobe and Zamfara States.
NSCDC

NSCDC arrests 45-year-old man for raping 10-year-old girl in Kwara

The Nigeria Security and Civil Defence Corps (NSCDC), Kwara Command, has disclosed that it had received a suspected rape case against one Muhammadu Mailemu.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

CBN boosts non-oil export with N500 billion facility

The Central Bank of Nigeria (CBN) has set up a N500 billion non-oil export stimulation facility with the Nigerian Export Import Bank (NEXIM) to enable exporters process agriculture commodities into other markets in Africa and globally.

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The Nigeria Police Force says its investigation shows that Boko Haram, Ansaru and other terror groups are getting support from some Nigerians.

Teen stabs man to death over phone in Adamawa

A teenager stabbed to death his 21-year-old friend said to have stolen his N55,000 mobile phone, police in Adamawa said.
The Committee of Chairmen of the Branches of the Nigerian Bar Association (NBA) in Anambra State at the weekend lamented that the justice was gradually sliding into a destructive dungeon with no hope of recovery.

NBA: Judiciary sliding into crisis without hope of recovery

The Committee of Chairmen of the Branches of the Nigerian Bar Association (NBA) in Anambra State at the weekend lamented that the justice was gradually sliding into a destructive dungeon with no hope of recovery.
The candidate of the Peoples Democratic Party (PDP) in the October 10 governorship election, Eyitayo Jegede, has picked Gboluga Ikengboju, a member of the House of Representatives, as his running mate.

Ondo election: Tribunal fixes next date for judgment

The Governorship Election Petition Tribunal sitting in Akure, the Ondo state capital has fixed next week friday, April 23rd this year to deliver judgement on the petition by the Peoples Democratic Party governorship candidate, Eyitayo Jegede SAN seeking to upturn the victory of Governor Rotimi Akeredolu at the October 10, 2020 election.
President Muhammadu Buhari has arrived the Nnamdi Azikiwe International Airport, Abuja after a 17-day medical trip to London, the United Kingdom.

President Buhari commiserates with Niger over death of 20 children in fire incident

President Muhammadu Buhari on Friday expressed deep sorrow over the loss of lives in the fire incident that razed a primary school in Niamey, capital of Niger Republic, killing more than 20 children.
Popular Nigerian television presenter, Rachel Bakam, has passes on.

Popular TV presenter passes on in Abuja

Popular Nigerian television presenter, Rachel Bakam, has passes on