Daniel Terungwa The Federal Government is no more going to be releasing guiding price bands for the sale of Premium Motor Spirit, popularly called petrol, at filling stations. This was made known in Abuja through the Petroleum Products Pricing Regulatory Agency (PPPRA). It added that based on this, the downstream arm of the oil and…
By Mordi Chukwunonso Esther The Federal Government has said it has secured $6.15 billion for infrastructural development in the power sector. This was disclosed by the Minister of Power, Engineer Sale Mamman in his report titled ‘’one year Anniversary: Key achievements which was obtained by Energy Vanguard. He said ‘’I am glad to state that…
The United States energy giant, ExxonMobil, has made its 18th discovery offshore Guyana at the Redtail-1 well which will add to the previously announced estimated recoverable resource of more than 8 billion oil-equivalent barrels on the Stabroek Block, the company said in a release on Tuesday. “Our Stabroek Block exploration program continues to identify high-quality reservoirs…
By Ikenna Omeje The Board of Royal Dutch Shell plc on Tuesday announced the pounds sterling and euro equivalent dividend payments in respect of the second quarter 2020 interim dividend, which was announced on July 30, 2020 at US$0.16 per A ordinary share (“A Share”) and B ordinary share (“B Share”). The company had on…
By Ikenna Omeje The chairman of Edo Refinery and Petrochemical Company (ERPC), Michael Osime has said that the Edo modular refinery will, at full capacity, meet 100 percent of Nigeria’s low pour fuel oil (LPFO) or black oil demand. In a statement on Monday, Osime said the Central Bank of Nigeria (CBN) will have to…
Daniel Terungwa The Attorney-General of the Federation, Abubakar Malami (SAN), says negotiation between the Federal Government and Process and Industrial Development better known as P&ID cannot be ruled out. He stated this during a monitored interview on Arise TV on Wednesday. Malami who doubles as the Minister of Justice, said negotiations are part of the…
The Federal Government has made efforts to douse tensions caused by the hike in petrol price and electricity tariff saying the subsidy removal and the increase in cost of the two items was not to hurt Nigerians rather save Nigeria from economic ruin. This was said by the Vice president, Professor Yemi Osibanjo at the…
By Mordi Chukwunonso Esther The Federal Government has said that notwithstanding the recent hike in the price of Premium Motor Spirit to N162 per litre, the price of product in Nigeria remains among the lowest/cheapest in the west/Central African sub-regions and Africa at large. The statement was made by the Minister of Information and Culture,…
Lagos August 23, 2020: Nigeria Port Authority, NPA has reiterated its commitment to support Lagos Deep Offshore Logistic Base, LADOL in its Maritime, Health, Agriculture and Logistics operations in Nigeria to be more productive. Executive Director Marine and Operations Hon. Onari Brown stated this during his familiarisation tour to the LADOL Zone in the company of…
The Nigerian Content Development and Monitoring Board (NCDMB) has concluded plans to hold the 2020 Annual Capacity Building Workshop for the Judiciary. The workshop will be held on Thursday via Zoom, in line with the protocols for curtailing the spread of COVID-19 pandemic. Announcing the workshop on Monday, the Board confirmed that theme is Building…