Senators Express Shock as Petroleum Ministry Spends N116m on Pens, Others
Members of the Senate Public Accounts Committee expressed shock on Thursday when the report of the Auditor General for the Federation revealed that officials of the Federal Ministry of…
Marketers Kick Against N5 Reduction in Petrol Pump Price
Against the backdrop of the N5 reduction in the price of Premium Motor Spirit (Petrol) announced by the Federal Government, fuel marketers have said it is not possible to…
FG reduces Price of Petrol to N162.44 per Litre …Effective from December 14
The Federal Government has reduced the pump price of premium motor spirit otherwise know as petrol from N168 per litre to N162.44 per litre effective from December 14, 2020.…
Buhari to Roll Out AutoGas Scheme Dec. 1 -NGEP Chairman
President Muhammadu Buhari will on Dec. 1 roll out the autogas scheme in Abuja as the Federal Government moves to create alternative fuel for automobiles and other prime movers…
Kyari: It no longer makes sense to operate the Refineries
The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mr Mele Kyari, said the corporation deliberately shut down the nation’s refineries because they no longer make sense to be…
Nigeria Seeks Better Deal on OPEC Quota
THE Federal Government is seeking more crude oil production quota from the Organisation of Petroleum Exporting Countries (OPEC). Nigeria’s huge population and physical development deficits should be considered by the…
Modular Refineries will eliminate Importation of fuel –Buhari
President Muhammadu Buhari Tuesday said the establishment of modular refineries in the country will make petroleum products available in the country and eliminate importation. The President spoke at the virtual…
Refineries gulped N81.41bn, refined
A total of N81.41bn was expended on Nigeria’s refineries between January and August this year but the facilities refined no drop of crude oil all through this period, latest data…
THERE’S A LIMIT TO WHAT NIGERIANS CAN TOLERATE -NLC Rejects Petrol Price Hike
The Nigeria Labour Congress (NLC) has demanded the immediate reversal of the pump price of Premium Motor Spirit (PMS), also known as petrol. In a statement on Monday by the…
NLC KICKS AGAINST RECENT INCREASE IN FUEL PRICE
The Nigeria Labour Congress (NLC) has on Monday kicked against the recent increase in price of petrol saying that it is against what Organized Labour agreed with government at…