The Lagos State Government on Wednesday announced a 50 per cent cut in fares on all government-owned transportation system. Gov. Babajide Sanwo-Olu made the announcement at the Lagos House Marina, while addressing newsmen on the fuel shortage and currency exchange crisis in the country. Sanwo-Olu said that the 50...
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Prof. Mahmood Yakubu, the Chairman of the Independent National Electoral commission (INEC) says the 2023 general elections will hold as scheduled. Yakubu said this on Wednesday in Abuja when he fielded questions from State House Correspondents after he briefed the Federal Executive Council (FEC)on level of preparedness for the...
The Federal High Court, Abuja, will on Tuesday, deliver judgment in the trial of Jide Omokore, an ally of former Petroleum Minister, Mrs Diezani Allison-Madueke. Omokere, alongside Victor Briggs, Abiye Membere, and David Mbanefo were docked on a nine-count criminal charge bordering on diverting about 1.6bn dollars alleged to...
The lndependent Petroleum Marketers Association of Nigeria (IPMAN) has dispelled the rumour that marketers will shutdown operations once the government starts the enforcement of N195 per litre pump price on Monday. Mr Mike Osatuyi, IPMAN’s National Operations Controller, said the insinuation that marketers planned to shutdown operations from Monday...
The Federal Government says it is focused on ensuring that the Premium Motor Spirit (PMS) scarcity and queues are normalised. Chief Timipre Sylva, Minister of State, Petroleum Resources, made this known on Friday while speaking with newsmen shortly after inspecting some filling stations in the Federal Capital Territory (FCT),...
There is no respite for Lagos residents over the lingering fuel scarcity as Major Oil Marketers Association of Nigeria (MOMAN) has increased the price of petrol to N185 per litre without official notification. The News Agency of (NAN) reports that fuel scarcity persisted on Friday as long queues disrupted...
The Federal Executive Council(FEC) has approved the recommendation for the Nigerian National Petroleum Corporation Limited (NNPC LTD.) to invest 1.9 trillion in the reconstruction of 44 federal roads under the tax credit policy. The council gave the approval at its meeting presided over by Vice President Yemi Osinbajo on...
The lingering fuel scarcity is biting harder in Kebbi crippling soci-economic activities, the News Agency of Nigeria (NAN) has reported. Investigation conducted by NAN in Birnin Kebbi and its environs reveals that only few filling stations sell Petroleum Motor Spirit (PMS), otherwise known as petrol, at exorbitant prices. NAN...
The National Security Adviser, Major General Babagana Monguno, has estimated that the Federal Government may lose $23bn in 2023 if crude oil theft continues. He made the comment on Tuesday during the inauguration of a special investigation panel set up to check crude oil theft in the country. General...
The Nigeria-Morocco Gas Pipeline Project (NMGP) has attained another milestone following the signing of a Memorandum of Understanding (MoU) on the project by Nigeria, Morocco and five West African Countries. The Nigeria National Petroleum Company Limited (NNPC Ltd), Morocco’s ONHYM and the National Oil Companies and commercial entities of...
By JOY ADARA, Abuja – The Nigerian National Petroleum Company Limited (NNPC Ltd) has reassured Nigerians that it has sufficient products in stock and we significantly increased products loading in selected depots and extended hours at strategic stations to ensure sufficiency nationwide. The Executive Vice President, Downstream, NNPC Limited,...
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says the Federal Government has no intention of increasing the price of Premium Motor Spirit (PMS) during the festive period. The General Manager, Corporate Communications, NMDPRA, Mr Kimchi Apollo said this through an advisory which addressed speculations on the increase...
The Senate has endorsed the N48billion oil pipeline surveillance contract by the Federal Government to Mr Government Ekpemupolo, alias Tompolo, a former Niger Delta militant leader. Sen.Albert Akpan, the Chairman, Senate Committee on Petroleum (Upstream) said this on Tuesday in Abuja, when he spoke with newsmen shortly after presenting...
The Independent Petroleum Marketers Association of Nigeria (lPMAN), says subsidy on Premium Motor Spirit, popularly known as petrol, is no longer sustainable. Mr Mike Osatuyi, the National Operations Controller of lPMAN, in an interview with the News Agency of Nigeria (NAN) on Monday in Lagos, condemned payment of subsidy...
The Oil Marketers Association of Nigeria has urged the Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigerian Ports Authority (NPA) to obey Federal Government’s directive on Naira transactions for ports charges. This is contained in a statement by Mahmood Tukur, Vice Chairman II, Depots and Petroleum Products...
The Group Managing Director (GMD) of the Nigeria National Petroleum Company (NNPC Ltd), Mr Mele Kyari, has said that he is receiving death threats as a result of the ongoing reformation in the NNPC. Kyari made this know on Wednesday in Abuja at the Legislative Transparency and Accountability summit...
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has appealed to Nigerians not to engage in panic buying of petrol, saying it has enough in stock. Mr Farouk Ahmed, the Chief Executive Officer, NMDPRA confirmed this to the News Agency of Nigeria (NAN) in Lagos on Tuesday. Ahmed...
By JOY ADARA, Abuja – The Nigerian National Petroleum Company Limited (NNPC Ltd) has informed the public that it has sufficient stock of petroleum products and the public should not give in to panic buying. The Group General Manager, Group Public Affairs Division, NNPC Ltd., Garba Muhammad, said in...
The Nigerian National Petroleum Company Limited (NNPCL) on Tuesday said it has deactivated 395 illegal refineries in its efforts to curb oil theft in Nigeria. Mr Mele Kyari, the Group Managing Director, NNPCL, said this at a meeting with Senate ad hoc committee on oil theft in Nigeria. Kyari,...