Tag: petroleum

More Trouble For Nigerians As FG Considers Fresh Tax On Petroleum Products, Recharge Cards

The Federal Government wants to impose new tax on petroleum products, non-alcoholic beverages and telecommunications service providers, according to arguments made by the Controller General of the Nigerian Customs Service,…

● Rak Unity Petroleum Company Plc Posts N63 million loss in 2020 FY results

Ecobank Group has recorded a income of over N630 billion for the yr ended December 31, 2020. This represents a 7% development when in comparison with N586.9 posted in the…

Gunmen kidnap popular petroleum dealer in Ekiti

From Priscilla Ediare, Ado-Ekiti Gunmen have abducted a popular petroleum products dealer in Ado-Ekiti, the Ekiti State capital. The victim Alhaji Suleiman Akanji Akinbami was said to have been kidnapped…

Update: DPR launches app to sort out hoarding, diversion of petroleum merchandise

By Mike Odiegwu, Port Harcourt The Department of Petroleum Resources (DPR) has launched an application for real time monitoring of petroleum products in all the filling stations operating in the…

NLC Rejects Fuel Price Increase, Requests State Of emergency In Petroleum Sector

The Nigeria Labour Congress has condemned and rejected the recent increase in the pump price of petrol across the country, saying that the increase is against the spirit and content…

Breaking: Again, FG jerks up petrol price

Petrol price in Nigeria has been increased again after ex-depot price stood at N155 .17 to marketers. Already, Independent Petroleum Marketers Association of Nigeria (IPMAN) has directed marketers to sell…

Revealed! How NNPC boosted power generation by 2,538MW in August

The Nigerian National Petroleum Corporation (NNPC) has said it supplied 727 million Standard Cubic Feet per day (mmscfd) of natural gas for power generation to the national grid in month…

NNRC outline gaps in oil sector, calls on FG to incorporate Petroleum Industry Bill

Benjamin Babine, Abuja The Nigeria Natural Resource Charter (NNRC) has through its 2019 Benchmarking Exercise Report provided a broad analysis of several gaps it has identified in the petroleum sector,…

Lagos state petroleum tanker drivers suspend strike

The National Union of Petroleum and Natural Gas Workers NUPENG has suspended its strike in Lagos State.  This was contained in a joint communique issued by the Lagos State Government…

United Bank for Africa Provides $200 Million for Nigeria’s Petroleum Industry – Timely Financing For Post COVID Economic Growth

Acts as Facility Agent Bank for Nigerian Commercial Banks in the $1.5 Billion Facility to Boost Nigerian Oil Production and Government Revenue Lagos, 05 August 2020…// The United Bank for…

I acted on ex-Petroleum Minister, Diezani’s instruction to deliver $70 million to banker — Witness tells Court

Lukman Olabiyi A former Group General Manager (GM) of the Nigerian National Petroleum Corporation NNPC in charge of Crude Oil Marketing, Gbenga Olu Komolafe has revealed the circumstances in which…

NSCDC arrests 2 suspected petroleum pipeline vandals in Enugu

The Nigeria Security and Civil Defence Corps (NSCDC) says it arrested two suspected petroleum pipeline vandals at Kilometre 197 in Nkanu West Local Government Area of Enugu State. CSP Danny…

Fuel price hike: Group wants reversal, asks Petroleum Minister, NNPC, PPPRA bosses to resign

Sola Ojo, Kaduna Coalition under Nigeria Citizens Action Group (NCAG) on Monday called for the reversal of price hike of premium motor spirit popularly known as petrol recently announced by…

Forex constraints:Association says NNPC may continue as major importer of petroleum products

The Major Oil Marketers Association of Nigeria (MOMAN) has said that the NNPC may continue as the major importer of petroleum products, due to foreign exchange constraints by its members….

28 ships laden with petroleum products, other items at Lagos ports — NPA

 The Nigerian Ports Authority (NPA) said on Tuesday that 28 ships laden with petroleum products, food items and other goods had arrived Lagos Port Complex waiting to berth. NPA made…