The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said that the hike in the price of products due to abrupt removal of subsidy was threatening the survival of their businesses. Chairman of IPMAN Enugu Depot Community, Mr Chinedu Anyaso said…
The House of Representatives is set to commence investigations into non-remittance of revenues to the federation account by the Nigerian National Petroleum Company Limited. This followed the adoption of a motion, ‘Need to investigate the non–remittance of due taxes by…
Federal Ministry of Mines and Steel Development has called for more robust collaboration between it and its agencies to enhance growth in the mining and steel sector. The ministry’s Permanent Secretary, Dr Mary Ogbe, made the call when she visited…
The Major Oil Marketers Association of Nigeria (MOMAN) has urged the Federal Government to focus more on effective and sustainable palliatives for Nigerians to ease their hardship. The Chairman of MOMAN, Mr Olumide Adeosun gave the advice during a workshop training…
Nigeria’s oil production fell 5.5% month-on-month from 1.184 million barrels per day in May to 1.249 million barrels per day in June 2023. Also, on year-on-year, YoY, the nation’s oil output dropped by 17.6 per cent to 1.249 mb/d in…
The daily petrol consumption in Nigeria has experienced a decline by 35 per cent since the removal of subsidy. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) Chief Executive, NMDPRA, Mr Ahmed Farouk said the country’s petrol daily consumption figure stands…
Houston, Texas, USA has expressed readiness to invest in the Nigeria’s energy, agriculture, technology and oil and gas sectors. The Mayor of Houston, Texas, Mr Sylvester Turner, disclosed this on Tuesday in Abuja at a meeting with the Permanent Secretary,…
An electricity expert, Mr Adetayo Adegbenle, has advised Distribution Companies(Discos) to meet up to 70 per cent metering gap within their network before increasing tariff on electricity consumption. Adegbenle, Convener, PowerUp Nigeria, gave advice in an interview with the News…
The Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, has revealed that three oil companies have commenced importation of fuel into Nigeria. Farouk said this at a crucial meeting of stakeholders in Lagos.…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has developed a regulatory framework to tackle oil theft and curb revenue loss. The Commission Chief Executive, Gbenga Komolafe disclosed this while speaking at a two-day National Anti-Corruption Conference organized by HEDA Resource Centre and…
