DPR suspends building, operation of filling stations near borders
Nigeria’s oil and gas regulator, the Department of Petroleum Resources (DPR) has suspended the applications for approval to construct and licence to operate filling stations located within 20 kilometres along border area indefinitely.
A!-->!-->!-->…
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Power sector review: Anxiety as DisCos await FG’s hammer
There is palpable fear among Electricity Distribution Companies (Discos) operating in the country as the Federal Government begins the review of the five-year power privatisation agreement which elapsed on November 1, Business Hallmark can!-->…
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NCC gets extension to comply with data cost directive
The Minister of Communications and Digital Economy, Dr. Isa Pantami, on Saturday extended the deadline given to the Nigeria Communications Commission to reduce the cost of data, and stop illegal deductions from subscribers by service!-->…
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Border closure: Oil marketers count losses
• Fear policy will worsen their fate
Marketers operating in the downstream sector of the Nigerian oil and gas industry have started counting their losses due to federal government’s ban on supplies of petroleum products to filling!-->!-->!-->…
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Gov Mohammed clears air: ‘No conflict between Bauchi, Gombe over oil’
Governor Bala Mohammed of Bauchi State on Sunday cleared the air on the controversy surrounding oil discovery in the border communities of his state and Gombe.
Mohammed said there is no conflict between the two states, noting that!-->!-->!-->…
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Bonga oil block: NNPC battles firm over N8.14b judgment cash
•Apex court hears case on Tuesday •Why FG, NNPC seek review
The Nigerian National Petroleum Corporation (NNPC) is asking the Supreme Court to review a $22,630,000 (N8, 146, 800,000) damages verdict against it.
The apex court, which!-->!-->!-->!-->!-->…
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FG will cut production cost in oil industry -Sylva
The Minister of State for Petroleum Resources, 10, said the Federal Government was committed to its plan to cut the cost of production and boost local participation in the oil and gas sector of the country.
Sylva stated this in an!-->!-->!-->…
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Osinbajo Performs Ground Breaking Ceremony Of Railway Plant
The Vice President of Nigeria, Prof. Yemi Osinbanjo on Saturday laid the foundation for the construction of Wagon Assembly Plant in Kajola, Ogun State, the largest private investment by the China Civil Engineering Corporation (CCECC) in!-->…
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Nigeria makes $54b from crude oil exports in 2018
…Ranks fourth on OPEC’s list
Nigeria raked in a whopping $54. 4 billion from crude oil exports last year, ranking fourth on OPEC’s list of highest-earning countries in the group.
Statistics from the Organization for the Petroleum!-->!-->!-->!-->!-->…
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Fuel Supply Ban: Government Should Address Fundamental Issues –Expert
*Ndukauba gave this advice while speaking with SaharaReporters on Friday in reaction to the recent announcement made by the Director-General of NCS, Hameed Ali, ordering the stoppage of supply of petroleum products to communities within!-->…
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