THERE are speculations that the Minister of Power, Works and Housing, Babatunde Fashola may have given approval to NERC to revoke licences of distribution companies who...
The Nigerian Electricity Regulatory Commission, NERC, has said the new electricity proposed months back will be announce this week. The regulatory agency disclosed this at a...
Northern Nigeria Development Company, NNDC, have announced plans to commence the exploration of oil and gas in the lake Chad area of Nigeria’s North-east by next...
The importation permits of six petrol depots in the country have been suspended by the Department of Petroleum Resources for selling the Premium Motor Spirit, otherwise...
The Excess Crude Account, into which Nigeria saves the difference between the market price of oil and the budget benchmark to provide a cushion when oil...
…as December deadline approaches The Group General Manager, Public Affairs Division of the Nigerian National Petroleum Corporation, Mr. Ohi Alegbe, has ruled out the possibility that...
The Federal Government is breaking up an all-encompassing oil bill that has been stuck in parliament for years, replacing it first with a law to overhaul...
…as FG set to grant refineries semi autonomy As a result of the complains by oil marketers that they are finding it difficult to procure foreign...
Nigeria’s minister of State for Petroleum, Dr. IbeKachikwu has said that in his capacity as the new OPEC President, he will try his best to delay...
…unveils plans to privatize pipelines The minister for State for Petroleum Resources who is also the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC),...