The Federal Government on Wednesday approved $526 million for power projects in Abia, Imo and Benue. The Federal Executive Council at its weekly meeting also approved N190.5 million for the purchase of a microscope by the University of Ibadan. Minister…
The Department of Petroleum Resources (DPR) has assured availability of petroleum products to last throughout the Easter season and beyond in Warri and environs. Mr Antai Asuquo, Operations Controller, DPR, Warri Zonal Office gave the assurance in an interview with…
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has rejected the proposed scrapping of the Petroleum Equalisation Fund (PEF), asserting that it fosters national unity. IPMAN’s President, Mr Chinedu Okoronkwo, told journalists on Tuesday in Lagos that PEF was very…
The international oil benchmark, Brent crude, dropped on Monday after climbing above the $70 per barrel mark for the first time in over 14 months. Brent, against which Nigeria’s oil priced, fell by $1.30 to $68.06 per barrel as of…
The Manufacturers Association of Nigeria (MAN) has said that the energy generation recorded by the sector showed some improvements in the 2nd half of 2020. The Association made this known in its Bi-annual economic review for July to December 2020…
A crude production flow station operated by Conoil Production at Ango field in Koluama, Southern Ijaw Local Government Area of Bayelsa, has been shut by the host community. It was reported that the oil workers at the onshore facility connecting…
The Minister of State for Petroleum Resources, Chief Timipre Sylva, says the Petroleum Industry Bill (PIB) currently before the National Assembly will resolve the issues under the Production Sharing Contracts (PSC) on gas. Sylva made this known at a National…
The Nigerian National Petroleum Corporation has explained that it spent N966bn to repair pipelines between 2010 and 2015. NNPC stated this in response to the query raised in the 2016 report of the Auditor General for the Federation. The Chairman…
The Department of Petroleum Resources (DPR) says it has reviewed five terms for gas development under the Production Sharing Contracts (PSC) in the Country. Mr Sarki Auwalu, the Chief Executive Officer, said this during a Public hearing at the National…
Fifteen teams have emerged as regional semi-finalists in the first Nigerian Content Science and Technology Innovation Challenge (STIC) which was opened to all higher institutions in Nigeria in November 2020. The competition is sponsored by the Nigerian Content Development and…
