News

Lawmakers impose 5% fuel increase on Nigerians in new bill

Ihesiulo Grace 29 March 2018 0

The National Assembly on Wednesday passed the much touted Petroleum Industry Governance Bill (PIGB) with 5 percent levy on fuel sold across the country.   According to the lawmakers, Nigerians will have to pay more for fuel as the levy will be used to fund the Petroleum Equalization Fund

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NNPC, DPR intensify raid on errant fuel stations

Ihesiulo Grace 29 December 2017 0

The combined team of officials of the Nigerian National Petroleum Corporation (NNPC) and the Department of Petroleum Resources (DPR), led by the Group Managing Director of the NNPC, Dr. Maikanti Baru, has heightened the tempo of unscheduled visits to fuel stations across the Federal Capital Territory suspected to be involved in underhand dealings. The raid, […]

Politics

Ex-Minister bemoans nationwide fuel scarcity, says it’s a pathetic situation

Ihesiulo Grace 26 December 2017 0

Former Minister of Interior, Comrade Patrick Abba Moro, has expressed worry over the lingering fuel scarcity across the country, which he said, has brought about increased hardship for the citizens who had been struggling to survive the prevalent harsh economic conditions in the country. Describing the fuel situation as “pathetic and tragic”, Moro, a chieftain […]

News Nigeria

Buhari orders end to Fuel hoarding, price hike

Ihesiulo Grace 24 December 2017 0

President Muhammadu Buhari on Sunday broke his silence on the lingering fuel scarcity in the country, saying he had directed regulators to end hoarding and price hike. He said he had also been assured by the Nigerian National Petroleum Corporation that the situation will improve significantly in the next few days. Buhari disclosed this in […]

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Fuel Scarcity: NNPC to flood market with petroleum products

Ihesiulo Grace 23 December 2017 0

The Nigerian National Petroleum Corporation (NNPC) says it is intensifying efforts to flood the market with petrol and other products to ease scarcity pervading the country. Many motorists and travellers had been groaning in pains in the last few days over the persistent fuel scarcity across the country. The NNPC spokesman, Mr Ndu Ughamadu, said […]

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Relief as PENGASSAN suspends industrial action

Ihesiulo Grace 19 December 2017 0

• Fuel crisis crippled business activities nationwide • Minister’s intervention aborted strike Nigerians on Monday heaved a sigh of relief as the planned strike by the Petroleum and Natural Gas Senior Staff Association of Nigeria, (PENGASSAN) was suspended by the masterminds of the industrial strike. The decision to call off the industrial action by the […]

Business Top Stories

Fuel distribution: NNPC moves to secure downstream assets

Ihesiulo Grace 30 October 2017 0

…as 34 firms bid for corporation’s security services The Nigerian National Petroleum Corporation (NNPC) has said that it has mapped out strategies to boost security around its depots and pump stations to ensure they remain functional. The NNPC said that this measure is part of efforts to consolidate on the successes recorded in the steady […]

News

Petrol scarcity: Sokoto sells direct to motorists

Ihesiulo Grace 28 January 2017 0

Sokoto State Government says it plans to commence the sale of one million litres of petrol to motorists weekly to stabilise the fuel supply situation in the state. The Chairman of the State’s Task Force on the supply of petroleum products, Alhaji Ibrahim Magaji, disclosed this to the News Agency of Nigeria (NAN) in Sokoto […]

Business Oil & Gas

Marketers Deregulate Fuel Sale, Price Hits N150

Ihesiulo Grace 14 May 2015 0

Consumers of Premium Motor Spirit (PMS) also known as petrol have continued to lament as the price of product has risen from N87 to about N150 per litre in different parts of the nation. Investigations showed the rise in price is fuelled by many irregularities, including extortion at depots, jetties and filling stations. It was […]

Business

Nigeria’S Solar Capacity Hits 28 Megawatts – ECN

Ihesiulo Grace 1 April 2015 0

Prof Jere Bala, the Director-General of the Energy Commission of Nigeria (ECN) has revealed that solar electricity generation has reached 28 megawatts. Bala disclosed this in Abuja, adding that Nigeria had started integrating some of the alternative energy sources, like the penetration of solar energy into energy supply in the country. “A lot of solar […]

Maritime

Methanol Could Be Maritime Fuel of the Future

Ihesiulo Grace 31 March 2015 0

Available indications has suggested that the maritime transport sector could very well be relying on methanol to power ferries and vessels, this is as the Stena Germanica, the world’s first methanol powered ferry, re-entered service on March 26 after a couple of months’ intermission.   To mark the occasion two inauguration ceremonies were held, one […]