The unending subsidy regime on Premium Motor Spirit and government’s continuous intervention in the power sector do not only drain the nation’s economy, but also retard the development of oil and gas, as well as the power sector. Some economic experts and stakeholders are of the view that subsidy payment itself does not constitute an…

As Christians celebrate Easter, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, said the country has over 1.7 billion litres of Premium Motor Spirit (PMS) in stock. Assuring that the product is enough to meet demand over the next 35 days, Baru reaffirmed their readiness to ensure adequate supply all…

The Federal Government’s tacit endorsement of the International Monetary Fund’s (IMF) advice on fuel subsidy removal has already triggered far-reaching consequences, with most petroleum marketers hoarding or rationing Premium Motor Spirit (PMS). Expectedly, this has led to fuel queues appearing across the country. The planned subsidy removal notwithstanding, the inability of the Federal Government and…

For a country that its total debt profile has risen to N24.387t, where subsidy for imported petrol stood at N10t between 2006 and 2018, and where the number of poor Nigerians stands at 91 million, while unemployment figure settles at 20.9 million, the Federal Government is only rubbing salt in the wound if yearly losses…

Sterling Bank Plc in partnership with Premier Medical Systems (PMS) and PharmAccess Foundation has hosted Digital Health Summit to improve healthcare delivery in the country. Chief Executive Officer (CEO) of the bank, Abubakar Suleiman said the collaboration is aimed at transforming the country’s healthcare sector for better service delivery in the area of digital platforms.…

The Nigerian National Petroleum Corporation (NNPC) has said arrangement has been concluded for a new 100,000-barrels-per-day brownfield refinery each in Port-Harcourt, Rivers State and Warri, Delta State. According to the Group Managing Director of NNPC, Dr. Maikanti Baru, the plan is part of the corporation’s initiative designed to boost local refining capacity to end petroleum…

Two oil marketers have allegedly diverted 16 trucks of petroleum products meant for Adamawa State. The Controller of Operations of the Department of Petroleum Resources (DPR) for Adamawa and Taraba states, Mr. Mohammed Alaku, disclosed this yesterday in Yola. He said the ghost marketers loaded the trucks from the Calabar depot and claimed Adamawa as…

Prices of petroleum products including Premium Motor Spirit (PMS) also known as petrol, Household Kerosene, and Automotive Gas Oil (AGO) or diesel...

Operatives of Zone II anti-crime squad, Onikan, Lagos, have arrested seven suspected vandals including two Beninnois.

Despite attempts by the Central Bank of Nigeria (CBN) to rescue the naira in the face of dwindling revenue, the efforts have so far failed to yield positive result, as the economy...

The value of the domestic crude oil purchased by the Nigerian National Petroleum Corporation (NNPC) between April 2015 and April 2016 was $1.8 billion (N1.2 trillion).

The Senior Staff Association of Nigerian Universities (SSANU) has bemoaned the paltry allocation of N403 billion to the education sector in the 2016 budget.