Category: Energy

FG AWARDS OIL BLOC LICENCE TO ONDO STATE, READ WHY

The federal government of Nigeria has awarded an oil block licence to Ondo state government for bitumen exploration The state government has also signed a memorandum of understanding with an agricultural company for the planting of rice in over 5,000 hectares of land Governor Akeredolu announced that the state has […]

NNPC ASKS REPS TO INVESTIGATE DPR OVER IMPORT OF ADULTERATED KEROSENE INTO THE COUNTRY

Chineme Okafor in Abuja The Nigerian National Petroleum Corporation (NNPC) has asked an investigative committee of the House of Representative Committee on Petroleum Resources (Downstream) to shift its investigations on the influx of adulterated kerosene into the Nigerian market to the Department of Petroleum Resources (DPR), the petroleum industry’s regulator. […]

OPEN MARKET PRICE OF PETROL NOW 148 NAIRA PER LITRE SAYS BUREAU OF STATISTICS

The Nigeria’s downstream petroleum industry lost about N884.8 million in seven days to the high cost of importing Premium Motor Spirit (PMS), also known as petrol, resulting from a differential of N3.16 per litre. PHOTO: GOOGLE.COM/SEARCH Import differentials result in N884.8m losses weekly The Nigeria’s downstream petroleum industry lost about […]

NNPC OWING CAPITAL OIL 16BIL SAYS IFEANYI UBAH

The Chairman of Capital Oil, Ifeanyi Ubah, on Thursday disputed claims that he was owing the Nigerian National Petroleum Corporation N11 billion. Ubah made the disclosure at the ongoing public hearing organised by the House of Representatives Committee on Petroleum Downstream. The committee is investigating the alleged disappearance of 82 […]