29 results
- 21 Jul 2016
PPPRA Mulls Tax on Petrol, Kerosene, Others
Petroleum Products Pricing Regulatory Agency (PPPRA) has said that taxation of petroleum products like fuel, diesel, kerosene and gas holds a huge revenue potential for Nigeria. This is contained in…
- 27 Jun 2017
Job Losses, Mass Transfer Fever Grip PPPRA Staff
The fear of mass transfer and job loss are currently rocking the Petroleum Products Pricing and Regulating Agency (PPPRA), according to New Telegraph. The fear, which emanated from the imminent…
- 30 Dec 2015
FG Approves New Petrol Prices: NNPC to Sell at Marketers N86.50k
Federal government, through the Petroleum Products Pricing Regulatory Agency (PPPRA), on Tuesday approved new pump prices of petrol starting from January 1 to March 31, 2016 under a revised pricing…
- 23 Feb 2015
Fuel Scarcity Looms as Forex Threatens Imports
Nigeria may be heading for another round of fuel due to a combination of factors which have all conspired to threaten the importation of premium motor spirit (PMS) also known as petrol. First is the…
- 31 Mar 2020
FG Removes another N1.5 from Petrol Price, Now N123.5 per Litre
Federal government has announced a reduction in the price of petrol from N125/litre to N123.5/litre, indicating a further reduction of N1.5. Abdulkadir Saidu, executive secretary, Petroleum Products…
- 14 Feb 2014
Forensic Experts to Trace Missing $20Bn Oil Money
Forensic experts should examine the state of the federation account, the federal government suggested yesterday. This is coming as Sanusi Lamido Sanusi, governor; Central Bank of Nigeria (CBN)…
- 11 May 2016
FG Blames Forex Problems for N145 Petrol Price
Federal government, yesterday, hiked the price of Premium Motor Spirit (PMS), also known as petrol, directing marketers to sell at between N135 and N145 per litre. The government claimed the move…
- 2 Mar 2009
FG Set to Fully Deregulate Down-Stream oil Sector
Federal government said it is introducing a full scale deregulation of the down stream sector of the nation’s petroleum industry with a view to saving the huge expenditure on subsidy and…
- 22 Oct 2013
DG NIMASA, Chief of Naval Staff Address Piracy Issues @ OTL Africa 2013
The increasing tempo of piracy in Nigeria’s coastal waters has become a serious security threat requiring urgent attention by all relevant stakeholders in the maritime industry, the threat posed by…
- 5 Nov 2013
MDAs to Spend N400Bn Before January 2014
Ministries, departments and agencies (MDAs) of the federal government have a balance of N400 billion to be spent before the end of the year according to the 2013 budget, Dr. Ngozi Okonjo-Iweala,…
- 26 Mar 2014
Reps Summon Alison-Madueke over 8Bn Oil Swap Deal
House of Representatives joint Committee on Petroleum Resources (Downstream and Upstream) and Judiciary yesterday asked Diezani Alison-Madueke, minister of Petroleum Resources to appear before them…
- 20 Apr 2014
NNPC Denies Rift with Diezani, Petroleum Minister
Nigerian National Petroleum Corporation (NNPC) at the weekend denied the rumour of frosty relationship between Mrs. Diezani Alison-Madueke, minister of Petroleum Resources and chairman of NNPC board,…
- 18 Aug 2014
EFCC Recovers N5Bn from Oil Subsidy Thieves
Economic and Financial Crimes Commission (EFCC), said it has so far recovered about N5 billion from persons and organisations indicted in the fuel subsidy probe which began over two years ago in…
- 14 Dec 2014
Major Fuel Scarcity Looms as Oil & Gas Workers Down Tools
Nigerians may be thrown into a fresh round of acute fuel shortage this Christmas season as oil and gas workers today begun a nationwide indefinite strike to protest the inability of the…
- 14 Apr 2017
Buhari Sacks PenCom, CPC Bosses, 21 Others
President Muhammadu Buhari on Thursday relieved the heads of 23 Federal Government agencies of their appointments and approved the appointment of their replacements. Key agencies of government…
- 11 Mar 2013
Reps Order Arrest of NNPC Boss, Others over N142.7Bn Debt
House of Representatives Committee on Finance has said that the Nigerian National Petroleum Corporation (NNPC) owes the Federal Government N142.7 billion and that the Corporation has not shown any…
- 26 Jan 2015
Marketers Fleece Kerosene Consumers of N800m Daily
Marketers of petroleum products and their agents may have been extorting kerosene consumers an estimated N800m daily if official statistics are used as basis of demand, according to National Mirror.…
- 19 Jan 2015
FG Reduces Fuel Price to N87 Per Litre
Federal government on Sunday announced a belated 10 percent reduction in cost of premium motor spirit (PMS) directing that the implementation was at midnight of January 18. It means that pump price…
- 22 Jan 2014
Values, Leadership Qualities Inspire Nigerian Youths –Ogunsanya
Segun Ogunsanya, managing director and chief executive officer of Airtel Nigeria, last weekend encouraged Nigerian youths to develop enduring values and leadership qualities so as to achieve success…
- 20 Jan 2014
Ogunsanya, Airtel MD Makes Case for Local Talents Development
Segun Ogunsanya, managing director and chief executive officer, Airtel Nigeria, has urged leaders and people in positions of authority to strive at discovering, nurturing and developing talents, in…
- 16 Jan 2014
Survey Reveals 13% Nigerians Buy Petrol @ N100 Per Litre
Fourth Quarter (Q4) results for the Petrol Price Monitoring Polls conducted by NOIPolls Limited has revealed that 13% of Nigerians purchased petrol N100, an increment of N3 and probably by…
- 13 May 2016
New Fuel Price Regime Inevitable - FG
Federal government has said the introduction of a new price regime for Premium Motor Spirit (petrol) has become inevitable in order to halt the crippling fuel scarcity in the country and ensure…
- 13 May 2016
Naira Falls to N370/S as Importers Chase Forex
The sharp depreciation of the naira in the parallel market triggered by the deregulation of petrol importation continued yesterday, with the naira depreciating to N370 per dollar. The Petroleum…
- 14 May 2013
Reps Order NNPC to Cough out N236Bn
Nigerian National Petroleum Corporation (NNPC) has been ordered to return N236 billion to the treasury of the federal government within a month. The order was given by Adeola Olamilekan, chairman of…
- 5 Feb 2014
CBN Says $20Bn Missing, NNPC Accuses Sanusi of Inconsistency
Mallam Lamido Sanusi, governor of Central Bank of Nigeria (CBN) has said that the outstanding unremitted amount due to the federation account from the sale of crude oil by the Nigeria National…
- 27 Jan 2014
Fuel Scarcity Looms as N220Bn Debt Threatens Supply
Major Oil Marketers Association of Nigeria (MOMAN), yesterday, said that the federal government owed her members some N120 billion and that no independent marketer had received subsidy claims…
- 14 Jul 2020
Uzodinma Taps Mrs. Njoku, Harvard-bred Oil & Gas Expert as SSAA, Petroleum
Governor Hope Uzodinma has appointed an oil industry expert, Mrs Chioma Nonyerem Njoku as Senior Special Assistant Adviser on Petroleum, as part of his efforts to strengthen Imo State’s maximization…
- 8 Apr 2013
Oil Marketer Forges Document to Obtain N963.7m
Chidi Onyejekwe, a prosecution witness in the ongoing trial of an oil marketer, Rowaye Jubril and his company, Brila Energy Ltd over their alleged fraudulent activities in the fuel subsidy support…
- 8 Mar 2020
MOMAN Begs FG for Dollar at N306 to Import Fuel
Major Oil Marketers Association of Nigeria (MOMAN) said access to the dollar at N306 will enable them to resume importation of Premium Motor Spirit (petrol). The marketers also said there was an…