Mr Timpre Sylva, Minister of State for Petroleum Resources, says Federal Government has taken bold actions to stop the ongoing petrol crises across the country, while assuring massive distribution of the product.. Sylva, gave the assurance after his tour of…
Owners of Petroleum Products Tank Farms in Ijegun-Egba, Satellite Town, Lagos, say the ongoing massive loading of petrol from depots to different parts of the country will ease scarcity. Mr Debo Olujimi, the chairman of Tank Farm Owners Association, gave…
The Executive Board of the International Monetary Fund (IMF) has recommended that the Nigerian government should increase well-targeted social spending to cushion the anticipated adverse effects of fuel subsidy removal. The recommendation is contained in a statement detailing the conclusion…
TotalEnergies SE has said that its $3.1 billion investment in the gas and renewables units of Indian conglomerate Adani Group is healthy. The French energy giant, however, noted that the hydrogen partnership with the group is on hold for the…
By Adegbola Bayonle The Federal Executive Council (FEC) has approved N117 billion for the construction of Oloibiri oil museum in Bayelsa. The Minister of State for Petroleum resources, Mr Timipre Sylva, made this known when he briefed State House correspondents…
Some experts, on Wednesday, said that renewable energy is key to bridging the energy gap in under-served and un-served communities. They stated this at a panel discussion, with the theme: ‘Bridging the Energy Gap in Un-served and Under-served Communities in…
The newly-elected President of the Nigeria Labour Congress (NLC), Mr Joe Ajaero, has urged the Federal Government to find a lasting solution to persistent fuel queues to avoid industrial action. Ajaero made the call on Wednesday while addressing workers at…
The Independent Marketers Association of Nigeria, (IPMAN), Western zone, has urged Nigerians to stop panic buying of petrol, assuring them that fuel scarcity would soon ease off. IPMAN Zonal Chairman, Western Zone,Alhaji Dele Tajudeen, gave the assurance on Tuesday in…
The latest research on African refineries has predicted that Nigeria will become Africa’s biggest crude oil refining hub in the next two years. Hawilti, a pan-African investment research agency and advisor to businesses, investors, public and private institutions, as well…
Mainland Oil and Gas Company Limited, said it has accelerated petrol retail services at its over 54 stations across the country. The company has also slashed the prices of the product at its retail outlets, even at a time most…
