Kerosene supply have reportedly dropped in recent weeks, causing the price of the product to shoot up to about N300 per litre in many parts of the country. There are also strong indications that despite the recent liberalization of the fuels market, many marketers had yet to start importing kerosene …
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Nigerians might experiment fuel scarcity again as the owners of Mega Petrol Filling Stations have threatened to shut down operations following an alleged imposition of a lower pump price on them by the Nigeria National Petroleum Company (NNPC) .This was revealed at a briefing held by the Mega Filling Station …
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The long-awaited Nigeria oil and gas as well as the solid minerals sectors 2013 audit reports by the Nigerian Extractive Industries Transparency Initiative, NEITI, was officially unveiled in Abuja on Monday. The Minister of Solid Minerals and Chairman, NEITI Board, Kayode Fayemi, who unveiled the report, said the document contained …
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The sector that contributes 57.9 per cent of Nigeria’s Gross Domestic Product, GDP, is at risk of closure, as the unending fuel crisis witnessed across the country has started to take its toll on small businesses in Abuja and other parts of the country, since majority of the businesses were …
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A sales representative of the Nigerian National Petroleum Corporation, Mr. Wale Olayinka, narrowly escaped death as hoodlums allegedly led by one ‘The Law’ descended on him and beat him to stupor at the NNPC Mega Station in Osogbo. It was gathered on Monday that the NNPC official, who was …
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President Muhammadu Buhari on Monday in Abuja lashed out at the 16 years rule of the People’s Democratic Party, PDP, regretting that the previous governments did not save for the “rainy day”. Buhari spoke while receiving the President of the International Civil Aviation Organisation (ICAO), Dr. Bernard O. Aliyu at …
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The Federal Government has said it is keenly aware of the difficulties that Nigerians are currently facing over the lingering fuel scarcity and poor power supply, and that it is working round the clock to provide the relief for the citizenry. ”As a government that was propelled into office by …
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Northern youths under the auspices of Arewa Intergrity Youth Forum (AIYF), have taken a swipe at the National Leader of the All Progressives Congress, APC, Sen. Bola Tinubu over comments berating the Minister of State for Petroleum, Mr. Ibe Kachikwu concerning the ongoing fuel crisis in the nation. The group …
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Minister of State for Petroleum Resources, Ibe Kachikwu has said government has not unbundled the Nigeria National Petroleum Cooperation, NNPC yet. Explaining the development at the oil sector in an interview with State House correspondents after the meeting of the Federal Executive Council, FEC, at the Presidential Villa, Abuja, the …
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President Muhammadu Buhari on Tuesday approved the immediate unbundling of the Nigerian National Petroleum Corporation, NNPC, into seven independent operational units. The Minister of State for Petroleum Resources, Ibe Kachikwu, who announced the unbundling of the national oil company in Abuja, said five of the seven operational units will be …
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