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Wumi Iledare

A worker fills a car's tank at the CO-OP petrol station in Cairo, Egypt April 2, 2020. REUTERS-Mohamed Abd El Ghany

Strike over oil sector deregulation not necessary – expert

A don, Prof. Wumi Iledare, on Monday, said that there was no need for organised labour to embark on strike over the deregulation of the downstream oil sector.

TUC, others reject new fuel price, as petrol stations adjust pump

Petrol stations across the country, yesterday, adjusted their pumps to reflect the hike in the ex-depot price of the Premium Motor Spirit, PMS, by the Petroleum Products Marketing Company, PPMC, with some of the stations raising the price to as high as N161 per litre.

Oil prices: Expert tasks Nigeria on prudent spending

Prof. Wumi Iledare, former President Nigerian Association of Energy Economics (NAEE), has advised the Federal Government to spend prudently to avoid breakdown of the nation’s economy as global oil price continues to crash.
Power returned to much of Argentina and two neighboring countries following a massive blackout that left tens of millions in the dark on Sunday.

Report: Why stable power supply’ll remain a mirage

An end to the erratic power supply in Nigeria is far from sight. Reason: Nigeria’s power sector losses have risen to N332.4 billion due to insufficient gas supply, distribution and transmission infrastructure between January and July, 2019.

NAEE urges federal government to remove petrol subsidy

The Nigerian Association of Energy Economics (NAEE) Saturday called on the Federal Government to heed the advice of the International Monetary Fund (IMF) to remove petrol subsidy.
(LtoR) Russian Minister of Energy of Russia Alexander Novak, Organization of the Petroleum Exporting Countries’ (OPEC) President UAE Energy Minister Suhail al-Mazrouei and OPEC Secretary General Mohammed Sanusi Barkindo of Nigeria speak during a ministerial level meeting during with OPEC members and non members during the 175th OPEC Conference on December 7, 2018 in Vienna, Austria. (Photo by JOE KLAMAR / AFP)

OPEC cuts oil production by 1.2 million barrels to offset price

The Organisation of Petroleum Exporting Countries (OPEC) and other major oil producers yesterday agreed to cut about 1.2 million barrels of oil to address falling oil price, which is currently facing a record low of $63 a barrel.

President Buhari urged to sign PIGB Bill

Prof. Wumi Iledare of the University of Port Harcourt, has urged President Muhammadu Buhari to assent to the Petroleum Industry Governance Bill (PIGB) passed by the National Assembly.

Petroleum Industry Bill lacks value creation – PTDF

The Executive Secretary, Petroleum Technology Development Fund (PTDF), Dr Aliyu Gusua, says the Petroleum Industry Bill (PIB) awaiting presidential assent has no value creation needed in the oil and Gas sector.

PIGB: No plans to sack DPR, PPPRA workers – Ibe Kachikwu

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).

NNPC, FAAC to parley on Monday over discrepancies

The Nigerian National Petroleum Corporation (NNPC) and the Federation Accounts Allocation Committee (FAAC) will tomorrow meet to reconcile the discrepancies in data submitted at its last meeting.

NAEE urges fed govt to suspend tariff review till after customers enumeration

Iledare was represented by the immediate past president of the association, Mr. Adeola Adenikinju. NAEE is an affiliate of the International Association of Energy Economics, IAEE.

Nigeria needs $15.6 billion in three years to tackle energy deficiency – NAEE chief Wumi...

The President of the Nigerian Association for Energy Economics (NAEE), Prof. Wumi Iledare, has disclosed that about $15.6billion would be required to provide stable electricity in the country.

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The Kano State Government says it has conducted 4,735 Coronavirus (COVID-19) samples test since the outbreak of the pandemic.

CDC: Africa’s confirmed virus cases pass 1.7 million

The number of confirmed cases in the African continent has reached 1,707,741, the Africa Centre for Disease Control and Prevention (Africa CDC) said on Sunday.
Director-General of the World Health Organization (WHO) Tedros Adhanom Ghebreyesus speaks during a news conference after a meeting of the Emergency Committee on the novel coronavirus (2019-nCoV) in Geneva, Switzerland January 30, 2020. REUTERS

WHO chief warns against ‘vaccine nationalism’

The head of the World Health Organization (WHO) on Sunday called for global solidarity in the rollout of any future coronavirus vaccine, as the number of cases soared across the world.

Barcelona legend Ronaldinho contracts coronavirus

The World Cup winner, through a story he posted on Instagram, broke the news, saying that he tested positive for Coronavirus, while being asymptomatic, and self-isolating in Belo Horizonte, Brazil.
Nigerian security forces are struggling to contain increasing cases of looting on government-run warehouses across the country, in the latest incident of unrest following widespread, youth-led protests against police brutality.

Nigeria seeks to halt looting amid fury over ‘food warehouses’

Nigerian security forces are struggling to contain increasing cases of looting on government-run warehouses across the country, in the latest incident of unrest following widespread, youth-led protests against police brutality.
Villarreal coach Javi Calleja has heaped praises on Nigerian international, Samuel Chukwueze, and his teammates following their hard-fought win over Celta Vigo on Saturday.

Super Eagles star helps Villarreal extend unbeaten run vs Cadiz

Samuel Chukwueze was in action as Villarreal played out a 0-0 draw against Cadiz in Sunday’s La Liga game.