Malabu Oil Scam: FG demand $1.09bn for damages
The Federal Government has asked a Milan court to order Eni and Royal Dutch Shell to pay $1.09bn as an immediate advance payment for...
30% of Nigeria’s petrol smuggled out- Oil marketers
The Major Oil Marketers Association of Nigeria has disclosed that the absence of subsidies in neighbouring countries created the incentive to smuggle about 30...
Pipeline repair, management cost N41.98bn in six months- NNPC
The Nigerian National Petroleum Corporation has revealed that it spent N41.98bn on pipeline repairs and management cost in the first half of this year.
The...
Oil Marketers express support for FG gas initiative
The Major Oil Marketers Association of Nigeria has declared support for the Federal Government plan to increase the use of gas as an alternative...
Lagos completes first phase of energy audit
The Lagos State Electricity Board has announced that it has completed the first phase of an energy audit in the state.
The General Manager, LSEB,...
Petrol marketers to fix prices, downstream sector deregulated- FG
The Federal Government has announced that it will no longer release guiding price bands for the sale of petrol at filling stations.
The Petroleum Products...
Petrol, electricity in Nigeria among the cheapest in Africa- FG
The Federal Government has defended the recent hike in the price of petrol.
It said despite the recent increase in the price of petrol to...
No inflation in Ajaokuta-Kaduna-Kano pipeline project- NNPC
The Nigerian National Petroleum Corporation (NNPC) has dismissed the allegation that the Ajaokuta-Kaduna-Kano gas pipeline project was inflated to the tune of $1.53bn.
The NNPC’s...
Siemens best qualified to rehabilitate power sector- Minister
The Federal Government has revealed that the German firm, Siemens AG, was chosen to expand Nigeria’s power grid because the company was best qualified...
Edo Modular Refinery to meet 100% of black oil demand
The Edo Modular Refinery operated by Edo Refinery and Petrochemical Company Limited is expected to meet 100 per cent of Nigeria’s Low Pour Fuel...
