No plan to remove fuel subsidy now, FG insists
Finance Minister Zainab Ahmed yesterday reiterated government’s resolve not to remove fuel subsidy.
Don’t sell petrol above N133.28 per litre, NNPC tells depot owners
The Nigerian National Petroleum Corporation (NNPC), yesterday warned depot owners and terminal operators not to sell Premium Motor Spirit (PMS) above N133.28k...
Operators now leveraging cost-effective, sustainable oil production approach
James Shindi is the Chief Executive of Brevity Anderson, organisers of the annual Nigeria Petroleum International Summit (NIPS). In an interview with the Head of Energy & Solid Minerals Desk, STANLEY OPARA, he speaks on the fate of the oil/gas industry in the current election year, the PIGB and NIPS. Excerpts; Giving the fact that…
Nigeria’s poor economy and the blame game
A declaration the other day by President Muhammadu Buhari, after a meeting with the 36 state governors that the Nigerian economy is in a bad shape, though worrisome did not come to many as a surprise. This newspaper did call attention recently to the deteriorating state of the economy in a number of editorials including…
Nigeria files $1b suit against Shell, Eni in UK
The Federal Government yesterday filed a $1.1 billion lawsuit against Royal Dutch Shell and Eni at a commercial court in London, United Kingdom in connection with a 2011 oilfield deal.
Forex irregularities scare marketers off kerosene importation
Oil marketers in Nigeria are still reluctant to resume the importation of Dual Purpose Kerosene (DPK), after abandoning the venture for over two years on the grounds of unprofitability.
PPPRA denies knowledge of NNPC’s new subsidy payment
The Petroleum Products Pricing Regulatory Agency (PPPRA) on Tuesday said it was not aware of details of payment of subsidy of Premium Motor Spirit (PMS) by Nigerian National Petroleum Coporation (NNPC).
PPPRA blacklists station, dispenses free fuel in Lagos
In a bid to check the unwholesome activities of some filling stations across the country hoarding and selling fuel above the pump price of N145 per litre, the monitoring team of Petroleum Products Pricing Regulatory Agency......
PPPRA, DPR step up inspection of petrol stations
As part of measures to ensure fuel queues disappear, monitoring teams of the Petroleum Product Pricing Regulatory Agency (PPPRA) and the Department of Petroleum Resources (DPR), yesterday, visited some filling stations to ensure compliance with government’s directives on the sale of petrol.