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•‘Attempt to remove subsidy must be well-managed’ The landing cost of Premium Motor Spirit, also known as petrol, is N35 higher than the pump price of N145 per litre, the Minister of State for Petroleum Resources, Dr Ibe Kachikwu, said…
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The minister of state for petroleum resources, Ibe Kachikwu, yesterday in Lagos, said queues at filling stations has nothing to do with petrol supply scarcity but as a result of logistics challenges and urged the public to ignore rumours…
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The Nigerian National Petroleum Corporation (NNPC),yesterday says it has fast-tracked contracting cycle for Upstream operations from 24 months to 9 months with a strong promise to further reduce the process to less than six months in the…
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It is not clear if any record exists of how much gas Nigeria has flared since oil production began in fields in the Niger Delta region around 1956, but it is evident that the practice which is as old as oil production in the country has…
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Tiger Woods produced a scintillating finish to win a fifth Masters title and end an 11-year wait to claim a 15th major. There were raucous celebrations around the 18th green as Woods finished with a two-under-par 70 to win on 13 under,…
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-By Yange Ikyaa To calm the lingering fuel scarcity in the country, the Independent Petroleum Marketers Association of Nigeria (IPMAN), and National Union of Petroleum and Natural Gas Workers (NUPENG), have urged Nigerians to stop…
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-By Yange Ikyaa The Major Oil Marketers Association of Nigeria (MOMAN) on Friday urged Nigerians to stop panicking over fuel scarcity, while assuring the association’s effective distribution of petroleum products across the…
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...Denies any outstanding facilities with bank -By Yange Ikyaa The management of Sahara Energy Resource Limited (Nigeria) has stated that the company has no outstanding facilities with the United Bank for Africa…
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-By Yange Ikyaa The Ibadan Electricity Distribution Company (IBEDC) stated that as part its collaboration with the United States Agency for African Development (USAID) it sponsored the Nigerian Society of Engineers (NSE) Ibadan…
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For a country whose total debt profile has risen to N24.387t, where subsidy for imported petrol stood at N10t between 2006 and 2018, and where the number of poor Nigerians stands at 91 million, while unemployment figure settles at 20.9…
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