20 years after, Senate passes Petroleum Industry Bill
...Okays 3 per cent  contribution to host community development fundÂ
...‘Demon’ behind non-passage finally defeated – Senate President Â
In what can be regarded as timely decision to put an end to prolong stalemate, Â the Senate,...
AKK gas pipeline project contract not inflated -NNPC
The Nigerian National Petroleum Corporation (NNPC) said the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline Project was not inflated to the tune of 1.527 billion dollars, as alleged in an online media outfit.The corporation disclosed this in...
Do local refining to eliminate sector problems – IPMAN
Alhaji Popoola Ogundoyin, an Executive Member of Independent Petroleum Marketers Association of Nigeria (IPMAN), says that unless Nigeria produces petroleum products through its refineries, the problems in the petroleum sector will persist.Ogundoyin stated this...
Oil marketers list gains of PMS deregulation to Nigerians
The Major Oil Marketers Association of Nigeria (MOMAN) says the deregulation of the sale of Premium Motor Spirit (PMS), also known as petrol, will be beneficial to Nigeria and Nigerians in the long run.MOMAN’s Chairman, Mr...
Petrol price hike: FG to inaugurate use of CNG, LPG in October
The Federal Government will in October inaugurate the use of Compressed Natural Gas (CNG) and Liquefied Petroleum Gas (LPG) for motorist as alternative to use of petrol in the country.
Chief Timipre Sylva, the Minister...
PEF, PPPRA to be merged in new PIB – Minister
Chief Timipre Sylva, the Minister of State for Petroleum Resource, says two regulatory bodies in the oil and gas sector will be merged as one regulator in the new Petroleum Industry Bill (PIB).Sylva disclosed this...
FG no longer fixing petrol price – Sylva
The Minister of State for Petroleum Resources, Chief Timipre Sylva, has reiterated that the federal government is no longer fixing the pump price of petroleum products in the country.Sylva made this known while briefing...
New petrol pump price fits global realities – Expert
Prof. Wumi Iledare, former president, Nigerian Association for Energy Economics (NAEE) says the new price of Premium Motor Spirit (PMS) also known as petrol is in line with development in the global oil market.Iledare...
Petrol: Motorists, commuters groan as marketers implement new pump price regime in Lagos
Vehicle owners and commuters in Lagos on Thursday decried the increment in pump price of Premium Motor Spirit (PMS), following the new ex-depot price announced by Petroleum Products Marketing Company (PPMC). The News Agency of...
PPMC announces N151.56 ex-depot price for petrol
it said.The News Agency of Nigeria reports that ex-depot price is the price marketers buy the product from depot owners.The PPMC in August, announced an ex-depot price of N138.62k The September price had...
Naira loses N81 to dollar
The naira recorded N81.34 depreciation against the US dollar in a single day at the foreign exchange market.
FMDQ data showed that the naira tumbled...
Jordan walks a tightrope after downing Iranian drones and missiles
As the skies over Amman and other Jordanian cities lit up with Jordan’s interception of Iranian drones and missiles headed for Israel last weekend, officials in...
Data shows CBN not defending naira with FX reserves
Data showing the Central Bank of Nigeria’s (CBN) scant interventions in the foreign exchange market prove that it is not defending the naira with its...
12-person jury begins sitting in Trump criminal case
A full 12-person jury has been sworn in for ex-US President Donald Trump's historic criminal trial in New York City.
"We have our jury," Justice...
N7.3tn remitted to Federation Account in six months – RMAFC
The Revenue Mobilization Allocation and Fiscal Commission has disclosed that a total sum of N7.3tn accrued into the Federation Account between July and December...