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Energy
DPR assures petroleum availability during easter
The Department for Petroleum Resources (DPR) has assured Nigerians of an adequate supply of petroleum products before, during, and after Easter that would allow seamless celebrations across the country.
The agency said that contrary to…
Rain Oil boss advocates for petrol price deregulation
The Federal Government (FG) has been called upon to fully deregulate Nigeria’s downstream sector of the petroleum industry so that marketers could freely source for the product.
The call was made by the Managing Director of Rain Oil…
FG prioritises economic diversification in 10yrs gas development plan
President Muhammadu Buhari has disclosed that more would be done by his administration in fully utilising the enormous gas resources in the country to uplift, diversify Nigeria's economy, and drive industrialization.
He added that given…
Tanker drivers threaten to down tools after safety disagreement
Petrol truck drivers under the aegis of Petroleum Tankers Drivers (PTD) have issued a strike ultimatum over safety on the road. At the weekend, the drivers threatened industrial action if the government fails to enforce the compulsory…
NNPC puts fuel price hike on hold, awaits outcome of ongoing discussions
The Nigerian National Petroleum Corporation (NNPC) says it would maintain current price of petroleum at the filling stations until the conclusion of ongoing negotiation between it, the organized labour and other stakeholders.
Speaking…
NNPC to stop N120bn monthly fuel subsidy payment
The Nigerian National Petroleum Corporation (NNPC) has disclosed that the plans are being concluded to discontinue the payment of N120 billion for fuel subsidy.
The national oil company noted that move had become imperative to reduce…
Gbaja suggests strong diversification, more investment on gas
The Speaker, House of Representatives, Femi Gbajabiamila, has emphasized the need for relevant stakeholders, including government and private sectors to focus more on gas sector rather than crude oil for the development of the nation.…
Reps recommend sanctions for Shell, Agip after contravening environmental laws
Following an oil spillage recorded in Bayelsa State, the House of Representatives has asked the Federal Government to impose heavy sanctions on Shell Petroleum Development Company of Nigeria Limited (SPDC) and Nigeria Agip Oil Company…
Ikeja Electric promises better service delivery after bagging ISO certifications
Ikeja Electric (IE) Distribution Company (DisCo) Lagos has assured its customers of the company’s commitment to high standard and better service delivery that is in line with global best practices.
The electricity company gave the…
10 Taraba filling stations under lock for selling above N165
The Department of Petroleum Resources (DPR), said it has sealed 10 filling stations for allegedly selling petroleum products above the official pump price approved by the Federal Government.
As gathered, the 10 petrol stations were…