Oil Marketers urges FG to pay over N650bn subsidy arrears

Mr. Olufemi Adewole, Executive Secretary, DAPPMA, Oil marketers on Thursday appealed to the Federal Government to hasten payment of over N650 billion subsidy arrears to save their assets from being taken over by banks. The marketers, under the aegis of Major Oil Marketers Association of Nigeria (MOMAN), which include Independent Petroleum Marketers More...

by Felix OLOYEDE | Published 3 weeks ago
By Felix OLOYEDE On Tuesday, September 18th, 2018

NNPC tasks PLAN over pipeline venture

Miakanti Baru, GMD, NNPC The Nigerian National Petroleum Corporation (NNPC) has urged the Pipeline Professionals Association of Nigeria (PLAN) to proffer solutions that could lead to a dramatic change and expansion More...

By Felix OLOYEDE On Friday, September 7th, 2018

NERC worries over poor remittance by DisCos in Q1 2018

Dr. Anthony Akah, Acting Chairman, NERC The Nigerian Electricity Regulatory Commission (NERC) has expressed concerns over poor remittance of electricity invoice by the 11 Distribution Companies (DisCos) in the More...

By Felix OLOYEDE On Thursday, September 6th, 2018

Chinese consortium targets early 2019 for 3,050mw Mambilla Power Plant commencement

President Muhammadu Buhari has received assurances from the Joint Venture Partners assigned to construct the 3050 Megawatts Mambilla Hydro-electric Power Plant, that all processes leading to the start of work would More...

By Felix OLOYEDE On Thursday, September 6th, 2018

Fuel scarcity looms as NUPENG threatens to embark on strike action over military brutality in Delta

Comrade Williams Akporeha, National President, NUPENG The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has threatened to go on a nationwide industrial action if the Chief of Army Staff fails to redeploy More...

By Uchenna Ajah On Wednesday, July 4th, 2018

NNPC eyes capital market for funds

The Nigerian National Petroleum Corporation (NNPC) is set to hit the Capital market to fund its new projects which include the NNPC/NAOC JV Idu-Re-development, South Gas Project, North Gas Project and Central Gas More...

By Uchenna Ajah On Thursday, June 21st, 2018

Kachikwu: Nigeria opposes boost in crude oil supply

Minister of state for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, said Nigeria would advise against additional oil supply to the global market by OPEC and non-OPEC members. Dr Emmanuel Ibe Kachikwu: states More...

By Uchenna Ajah On Thursday, May 24th, 2018

Lagos set date to launch Embedded Power Supply Project

The Lagos State Government has revealed plans to launch the Embedded Power Supply Project come July 2018. Ambode The power project is targeted at generating 3,000 megawatts of electricity for the state within the More...

By Uchenna Ajah On Friday, May 18th, 2018

AMCON takes over Sen. Oduah’s assets

The Asset Management Corporation of Nigeria (AMCON) has taken over Sea Petroleum Oil & Gas Ltd. and other assets belonging to Sen. Stella Oduah-Ogiemwonyi over an unpaid debt of about N20 billion. AMCON takes More...