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Former South African President Jacob Zuma has been jailed. He was sentenced by a South African court to 15 months’ imprisonment. Mr Zuma’s reign as president was marred by corruption scandals. He had refused to appear before the court…
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The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), yesterday, dismissed the threat on Sunday by the Independent Petroleum Marketers Association…
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*Say 'No to 10% equity participation' Executive National Chairman, Host Communities of Nigeria, Producing Oil and Gas, HOSCON, Prince Mike Emuh, has urged the National Assembly, NASS, to stipulate that 2.5 per cent per Flow Station…
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The Senate will on Thursday debate the report of its joint committees on Petroleum (Upstream, Downstream and Gas) on the Petroleum Industry Bill. Senate President Ahmad Lawan disclosed this on Tuesday after the chairman of the panel,…
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The Nigerian National Petroleum Corporation (NNPC) has said the official price of a litre of Premium Motor Spirit (PMS), otherwise known as petrol, will remain N162 in July. This is even as the crude oil price has hit $74.72 per barrel…
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Mustapha Yakubu, Chief Operating Officer, Refineries & Petrochemicals, NNPC, says there is no fraudulent dealing in NNPC’s planned equity participation in Dangote Oil Refining Company (DORC). Yakubu made the declaration on Monday in…
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The United States West Texas Intermediate and international-benchmark Brent crude oil futures rose for a fifth week last week as fuel demand rebounded on strong economic growth and increased travel during the northern hemisphere summer,…
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The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has urged the National Assembly to pass a balanced and investor-friendly Petroleum Industry Bill (PIB). The National President, PENGASSAN, Festus Osifo,…
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Andrew Yakubu, the former Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), and his wife, Sarah, have been issued a warrant of arrest by a Magistrate’s Court in Kaduna State for failing to appear before it…
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There are demands for huge changes, including from community leaders seeking an increased share of revenues few hours to the passage of the Petroleum Industry Bill (PIB). There are increased fears that more agitations are in the waiting…
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