Indigenous shipowners may get nod to lift crude

Indigenous shipowners may get nod to lift crude

Shipowners and other stakeholders in the maritime sector are on the verge of getting the desired change in trade terms from Free On Board (FOB) to Cost Insurance and Freight (CIF) which would enable them to begin to lift Nigeria...
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Edo to partner Sahara Energy on power, gas

Edo to partner Sahara Energy on power, gas

Edo State Governor, Mr. Godwin Obaseki, has explained that the state was developing a new tripartite arrangement involving the oil companies, the state government and host communities to ensure that Corporate Social Responsibility programmes achieve the desire...
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Edo, SINOPEC sign 5,500bpd Modular Refinery deal

Edo, SINOPEC sign 5,500bpd Modular Refinery deal

The Governor of Edo State, Mr. Governor Godwin Obaseki, on Wednesday in China, expanded the portfolio of foreign investments in the state following the signing of a Memorandum of Understanding (MoU) with a Chinese consortium for a 5,500 barrel per...
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NNPC restores Escravos-Lagos pipeline, resumes gas supply

NNPC restores Escravos-Lagos pipeline, resumes gas supply

The Escravos-Lagos Pipeline (ELP) which came down last week as a result of a fire incident has been restored and gas supply to customers on the line including power generating companies resumed. The Nigerian National Petroleum Corporation (NNPC) which disclose...
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Baru: FG lost 148,533 million litres of PMS to diversion

Baru: FG lost 148,533 million litres of PMS to diversion

The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, on Thursday disclosed that the nation lost about 148,533000 million litres of fuel to diversion during the December fuel crisis in Nigeria.  Speaking at an investiga...
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‘Oando’s forensic audit to commence this month’

‘Oando’s forensic audit to commence this month’

There is no going back on the forensic audit of Oando Plc,  the Acting Director-General of the Securities and Exchange Commission (SEC), Mr. Abdul Zubair, has said.    Speaking at a press briefing in Abuja on Tuesday, Zubair said the...
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Abuja motorists get more free fuel as NNPC, DPR, seal stations

Abuja motorists get more free fuel as NNPC, DPR, seal stations

Some motorists in Abuja on Wednesday got more free petrol as the Nigerian National Petroleum Corporation (NNPC) and the Department of Petroleum Resources (DPR) sealed more stations. The team had sealed the Khalif Civic Centre and Investment Limited at Kubwa,.....
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Sources fault Kachikwu’s alleged memo, clears Kyari

Sources fault Kachikwu’s alleged memo, clears Kyari

The alleged circulation of non-existent July 2017 memo, predicting the likely shortage of PMS by the Minister of State for Petroleum Resources, Dr. Ibe Kackiwu has been described as a  grand design to discredit and embarrass President Muhammadu Buhari and hi...
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NNPC, DPR uncover illegal fuel reservoirs in Abuja

NNPC, DPR uncover illegal fuel reservoirs in Abuja

A combined team of the Nigerian National Petroleum Corporation (NNPC), Department of Petroleum Resources (DPR) and security agents on Sunday uncovered illegal reservoirs of fuel in Abuja.  Speaking at the site of the mini depot, the Group Managing Director of...
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Priest, community leader condemn hike in product prices, services

Priest, community leader condemn hike in product prices, services

A Catholic Priest, Rev. Fr.  Gabriel Fatoye, has criticised some retailers and service providers for deliberating increasing prices of products and services during the Christmas season. Fatoye, an Associate Parish Priest of the Sacred Heart Catholic Church, O...
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SGF: FG not contemplating hike in petrol pump price

SGF: FG not contemplating hike in petrol pump price

The Secretary to the Government of the Federation (SGF), Boss Mustapha has assured Nigerians that the Federal Government is not contemplating any form of hike in the pump price of petroleum products. Mustapha disclosed this on Saturday at the handing...
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