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Former Commissioner for Finance in Imo State, Prof. Uche Uwaleke has said the deregulation of the downstream petroleum sector and removal of petroleum subsidy by the Federal Government will benefit the ordinary Nigerian. He added that…
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Last week the Petroleum Industry Bill (PIB) presented to the National Assembly by President Buhari passed first reading at the Senate. Same is expected at the House of Representatives when plenary resumes. From the statements coming…
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The new Petroleum Industry Bill, 2020, currently before the National Assembly, is proposing the establishment of a specialized intervention mechanism, called the Midstream gas Infrastructure Fund, to deepen gas usage in the country. …
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Chevron Nigeria Limited, CNL, together with its affiliates, has said that 25 per cent of its workforce would be sacked. This is in line ongoing review of its manpower requirements in the light of the changing business environment, while…
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Nigeria plans to bar vessels without a valid licence to operate in Nigerian waters and has given shipping companies that trade in its coastal and inland waters three months to register, the maritime regulator said on Sunday. The…
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Nigeria’s newest crude Egina has emerged as one of the country’s flagship main export crudes in less than two years, as refiners prize its versatility and reliability, trading sources said this week. The 200,000 b/d Egina deepwater…
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Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, has called on stakeholders, especially the Department of Petroleum Resources, DPR; Nigerian National Petroleum Corporation, NNPC; Ministry of Labour and Employment, and Ministry…
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FG would apply severe sanctions on business operators found to be using faulty and recalibrated equipment to defraud Nigerians. The Federal Government has announced that it has started a clampdown on the use of faulty and altered…
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- By Saidu Abubakar with Agency Reports Papa Massata Diack has goaded French authorities by saying they will have to send special forces to Senegal if he is to serve a five-year jail term handed out to him in France for corruption and…
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-By Saidu Abubakar with Agency Reports The Nigerian has welcomed a fight with unified champion, who holds the WBA, IBF and WBO world titles. Efe Ajagba could not enhance his claims for a future fight with Anthony Joshua as he…
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