Nigeria is going to save about N10trillion annually by the elimination of subsidies on Premium Motor Spirit, popularly called petrol, and foreign exchange, a report released on Sunday by Centre for the Promotion of Private Enterprise (CPPE) stated. It explained…
The National Oil Spills Detection and Response Agency (NOSDRA) says investigation into Friday’s explosion at the Rumuekpe section of Trans Niger Pipeline (TNP) in Rivers is underway. The Police in Rivers had confirmed that no fewer than 10 persons died…
The Major Oil Marketers Association of Nigeria (MOMAN) on Saturday urged operators in the Nigerian downstream sector to ensure automation of their services. According to the body, their services being automated will help them on data generation, improve product delivery…
The Nigerian National Petroleum Company Ltd. (NNPCL) has attributed fuel queues in Abuja and some parts of the country to restrictions of businesses and movement during the presidential and National Assembly elections. The NNPCL said operations had resumed at the…
The defamation suit brought against Persecond News Limited by Seplat Energy Plc was on Thursday adjourned until April 26 following the absence of counsel to the plaintiff in court. Appearing in the suit for the 2nd to the 7th defendant,…
The National Oil Spills Detection and Response Agency (NOSDRA) says investigation into Friday’s explosion at the Rumuekpe section of (TNP) in Rivers is underway. The Police in Rivers had confirmed that no fewer than 10 persons died on Friday following…
Residents of Maiduguri trooped out on Thursday to welcome President Muhammadu Buhari who was on a one-day visit to inaugurate a 50mw gas-powered electricity plant and other projects. A cross-section of residents who spoke with journalists said they were excited…
Some financial analysts have urged the Federal Government to totally deregulate the petroleum industry and reinvest its subsidy payment to more productive sectors of the economy. They gave the advice in separate interviews to journalists in Lagos on Thursday. Former…
By Bayonle Adegbola Nigerian National Petroleum Company (NNPC) has explained the reason it took over Operating Mining Licence 18 of the oil block from Eroton company limited was due to financial mismanagement as well as evidences seen against it from…
Seplat Energy says it has posted N86.7 billion as Profit Before Tax (PBT) in its year ended, Dec. 31 2022, audited results. The company said this in a statement signed by Director, External Affairs & Sustainability of Seplat Energy, Dr Chioma…
