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*As external reserves hit $44.69bn*Says capital release for 2018 now N2.079trn*Records N3.96trn revenue for 2018*Customs moves against rice importers The Federal Government is set to disburse N649.434 billion to states of the…
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The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) Thursday commended the federal government for the removal of Value Added Tax (VAT) on Liquefied Petroleum Gas (LPG). The group President, Mr. Nosa Ogieva-Okunbor,…
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….orders him to open defence July 3 The Abuja Division of the Federal High Court, on Thursday, held that former Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mr. Andrew Yakubu, has a case to answer…
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President Cyril Ramaphosa of South Africa has reiterated at an investment conference in Johannesburg Wednesday that struggling power utility Eskom would not be privatised, adding it was “too big to fail”. Ramaphosa was delivering his…
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A Ghanaian and 8 Beninoise has been arrested for alleged theft of Petrol Motor Spirit (PMS) along Atlas Cove in Lagos State. Commodore Ibrahim Shettima, Commander of the Nigerian Navy Ship (NNS) BEECROFT, made this known during a…
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-By Yange Ikyaa The Honourable Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, on Tuesday in Abuja received the Managing Director/CEO of Total, Nicholas Terraz, who was accompanied by the Deputy Managing…
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Niger Delta militant group was the then terrorist group that has perturbed the peace of the nation through almost three successive government who has ruled the nation. The militant group was well known for their continuous invasion of…
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Operator Royal Dutch Shell lifted the force majeure in place on exports of major Nigerian grade Bonny Light, as tight global oil supply encourages sellers of Nigerian crude to offer many varieties at all-time high prices. Feeding the…
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Nigeria and other countries will account for 53 per cent of fossil fuel in use by 2040, Seplat Petroleum Development Company Plc Chief Executive Officer, Mr Austin Avuru, has said. Fossil fuel, also known as hydrocarbon fuel is derived…
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Rivers State Governor, Nyesom Ezenwo Wike, has accused the General Officer Commanding (GOC), 6 Division of the Nigerian Army, Major General Jamil Sarhem of running an illegal oil bunkering squad. The governor said the purpose of the…
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