The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says five petroleum industry regulations have been gazetted while six others have been finalised and ready for gazetting. Commission Chief Executive, NUPRC, Mr Gbenga Komolafe, disclosed this on Monday in Abuja at the…
The management of Techno Oil Ltd. has directed its outlets nationwide to make fuel sales to motorists round the clock, to mitigate the hardships facing Nigerians currently. The Chief Executive Officer of the company, Mr Tony Onyeama, made the announcement…
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. IPMAN’s National Operations Controller, Mr Mike Osatuyi, said the…
Transporters associations under the auspices of Coalition of Transporters, have threatened to picket headquarters of the Nigeria National Petroleum Company Limited (NNPL) over lingering fuel scarcity. This is contained in a six-point Communique issued by Chairpersons of the associations on…
By Ismail Azeez, Osogbo A Pan-Yoruba Cultural group, Oodua Youth Parliament (OYP) has gave a three-day ultimatum to Governor of the Central Bank on Nigeria (CBN) , Godwin Emefiele and Mala Kyari to solve the current problems of naira and…
The Managing Director of Shell Petroleum Development Company of Nigeria Limited, SPDC, and Country Chair, Shell Companies in Nigeria, Mr. Osagie Okunbor, has pledged to work with officials of the Niger Delta Development Commission, NDDC, to reconcile the statutory financial…
The Federal Government says it is focused on ensuring that the Premium Motor Spirit (PMS) scarcity and queues are normalised. Minister of State,Chief Timipre Sylva, Petroleum Resources, made this known on Friday while speaking with journalists shortly after inspecting some…
Managing Director of Shell Petroleum Development Company (SPDC), Mr Osagie Okunbor, says his company’s will work with Niger Delta Development Commission (NDDC) to reconcile its statutory financial contributions to the commission. This is contained in a statement issued by NDDC…
The Transcorp Group says its Transafam Power Limited will increase its electricity generation by an additional 240 megawatts, MW, this year. Transafam Power recently increased electricity generation from 48MW to 188MW in less than two years following the rehabilitation of…
Nigeria’s dollar-denominated government bonds fell on Friday ahead of a review of its credit rating by S&P Global, after the West African oil producer was downgraded by another ratings agency, Moody’s, a week earlier. Nigeria’s bonds dropped as much as…
