By Mordi chukwunonso Esther The Independent Petroleum Marketers Association of Nigeria, IPMAN, has said that oil marketing companies are in talks with the Federal Government in a bid to address issues that are hindering their resumption of fuel importation. This was disclosed by IPMAN National president Elder Chinedu Okoronkwo on Tuesday. While addressing newsmen in Owerri, Imo…
By Mordi Chukwunonso Esther The Trade Union Congress (TUC) has said the Federal Government betrayed the trust of the Labour, saying that the current increase was a violation of all understandings the government had with labour. The congress also declared that the organised labour has lost faith in the Nigerian Government, following the current increase in…
Daniel Terungwa The Nigerian National Petroleum Corporation (NNPC) and FIRST Exploration and Petroleum Development Company (FIRST E&P) Joint Venture has commenced oil production from the Anyala West field in Oil Mining Leases (OMLs) 83 & 85. OMLs 83 & 85 are in the shallow waters offshore Bayelsa State where FIRST E&P is the Operator of…
Daniel Terungwa Acting Energy Minister of Sudan, Kheiri Abdelrahman, has said that Sudan will offer 27 oil concession blocks through a global bid, of which three are offshore blocks and the rest are land blocks. According to the Sudanese Ministry of Energy and Mining, investors should make use of modern technologies in addition to matching…
By Mordi chukwunonso Esther The Minister of Petroleum resources, Timipre Sylva has said that the discovery of COVID-19 vaccine caused the recent price hike of petroleum motor spirit (PMS) to N168/N17o per liter. The minister disclosed this while addressing the State House correspondents after a meeting with President Muhammadu Buhari in Abuja. The minister also…
By Michael Owhoko Contrary to widely held view that core oil producing areas in the Niger Delta are benefiting from 13 percent derivation and the Niger Delta Development Commission (NDDC) projects, there is no impact of these interventions in the areas. This was disclosed by Media Issues NG in an article titled “How 13%, NDDC…
Ardova Plc has signed lubricants deal with Shell, which intend to see the company’s (Shell’s) lubricants products widely available in the Nigerian market this year. This was disclosed by the Chief Executive Officer of Ardova Plc, Olumide Adeosun, in a statement in Lagos. He said: “We are delighted that our company will act as the…
By Ikenna Omeje The Federal Government has said it will sell three of its power plants built under the National Integrated Power Projects (NIPP) by the Niger Delta Power Holding Company (NDPHC) to investors next year for N434 billion. The three power plants to be sold include Geregu power plant located in Ajaokuta, Kogi State;…
By Ikenna Omeje The Association of Nigerian Electricity Distributors (ANED) has said that the collection efficiency of the 11 electricity Distribution Companies (DisCos) in the country is still below 70 percent. ANED which is an umbrella body of Discos in the country stated this in the second quarter (Q2) 2020 report of their operations. The…
By Ikenna Omeje The National leadership of Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has charged African leaders, policy makers, captains of industries, employers of labour and the citizenry to embark on strategic investments in cross-border infrastructure. In a statement signed by its President, Comrade Williams Akporeha and its General Secretary, Comrade Afolabi…