News

CSOs calls for probe, reshuffling of Reps committee on petroleum

DailyTimesNGR DailyTimesNGR 5 August 2024 0

No fewer than 23 civil society organisations have called for the probe of the House of Representatives Committee on Petroleum Resources (Downstream). The CSOs also called for the suspension of the committee’s chairman Ikenga Ugochinyere. The CSOs, in a petition dated August 5, 2024, and

Politics

HoR clarify Nigerians on Petroleum Industry Act, institute transparency, accuracy

DailyTimesNGR DailyTimesNGR 4 April 2024 0

By Tom Okpe The House of Representatives has made clarifications on the Petroleum Industry Act, saying it will ensure transparency and accuracy. The Petroleum Industry Act, (PIA) represents a milestone achievement in the reform of Nigeria’s oil and gas sector, aimed at enhancing transparency, accountability, and efficiency in the management of our nation’s

Politics

Petroleum Ministry holds retreat to chart way forward in oil, gas sector

DailyTimesNGR DailyTimesNGR 24 March 2024 0

By Tunde Opalana The Ministry of Petroleum Resources has concluded arrangements to hold a Sectoral Retreat on the Ministerial Deliverables (2023- 2027) for the Oil and Gas sector as earmarked by President Bola Ahmed Tinubu, GCFR According to Mrs. Oluwakemi Ogunmakinwa, Deputy Director (Press and Public Relations)in the ministry, the Retreat with the theme: “Building

News

NASS urged to adequately fund Petroleum Ministry

DailyTimesNGR DailyTimesNGR 20 December 2023 0

…as ministers presents, defends N9.641bn Budget for 2024 By Tunde Opalana The National Assembly has been urged to use the power of appropriation to allocate adequate funding for the nation’s oil sector through the Ministry of Petroleum Resources. The ministry made the plea on Monday at the on-going presentation of 2023 budget implementation and 2024 […]

News

MKK: Tribute To The Apostle Of Transformation

DailyTimesNGR DailyTimesNGR 18 December 2023 0

I was not surprised when President Bola Tinubu renominated the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited for another term of 5 years. If there’s anything the world can confidently associate with the president, it is his desire to recruit the best hands to get the job done.  I had to […]

Politics

Petroleum resources ministers urges staff to works towards Tinubu’s Renewed Hope agenda

Ihesiulo Grace 30 August 2023 0

Hon. Ekperikpe Ekpo, Minister of State for Petroleum Resources (Gas), and Senator Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil), have called for support from staff of the ministry to achieve the objectives of the President Tinubu administration in the oil and gas sector. The newly-appointed ministers,who reached out to the ministry’s staff at

News

Buhari seeks Senate confirmation of Board of Petroleum Regulatory Authority, Upstream Regulatory Commission

Ihesiulo Grace 21 September 2021 0

President Muhammadu Buhari on Tuesday, sought Senate’s confirmation of members of the Board of the Nigerian Midstream and Downstream Petroleum Regulatory Authority. The President in another letter to the upper chamber also sought the confirmation of the Board of the Upstream Regulatory Commission. He explained in a letter dated Sept. 16, and read during plenary […]

News

DPR shuts alleged adulterated kerosene outlet in Calabar

Ihesiulo Grace 11 June 2021 0

The Department of Petroleum Resources (DPR) in Cross River has sealed a retail outlet, Chizioba Ventures, for allegedly selling adulterated kerosene. The outlet, which was shut down by the DPR, is located at number 65, Edgerdley Road in Calabar South. A statement on Friday in Calabar signed by the Operations Controller of DPR in the […]

News

World Environment Day: NNPC restates commitment to sustainable environment

Ihesiulo Grace 6 June 2021 0

Doosuur Iwambe, Abuja The Nigerian National Petroleum Corporation (NNPC) says it remains committed to the promotion of a sustainable environment across its operations, stressing that its energy transition programme and support for carbon neutral projects are proof of that commitment. The Group Managing Director of the Corporation, Mallam Mele Kyari, stated this at an event

News

Heads of PPPRA, NSTIF, 54 other govt agencies risk arrest for allegedly shunning Senate probe

Ihesiulo Grace 2 June 2021 0

Tunde Opalana, Abuja Heads and officials of 56 Federal Government agencies which include the Petroleum Product Pricing Regulatory Agency (PPPRA) and Nigeria Social Insurance Trust Fund (NSITF) risk being arrested as the Senate on Tuesday threatened them with arrest for allegedly shunning investigative hearing probing their financial activities. Issuing the threat at one of

Headlines News

Revenue projection not a reflection of our overall financial standing – NNPC clarifies

Ihesiulo Grace 30 April 2021 0

Doosuur Iwambe,Abuja The Nigerian National Petroleum Corporation (NNPC) has clarified that the revenue projection contained in the letter to the Accountant General of the Federation is not a reflection of the overall financial performance of the Corporation. A press release by the Corporation’s spokesman, Dr. Kennie Obateru noted that the Projection cited in the media […]

News

Renewables can’t overtake oil in decades, says OPEC

Ihesiulo Grace 28 January 2021 0

Doosuur Iwambe,Abuja The Organisation of Petroleum Exporting Countries (OPEC), has said that the consumption of renewable energy cannot come anywhere close to overtaking oil and gas usage in the decades ahead. In his special special address at the S&P Global Platts Americas Petroleum and Energy Conference, OPEC Secretary-General, Mohammad Barkindo noted that even

News

FG Shifts 2021 Petroleum Summit to June

Ihesiulo Grace 26 January 2021 0

By Doosuur Iwambe The federal government has postponed the 2021 edition of the Nigerian International Petroleum Summit (NIPS) to June. The Minister of State for Petroleum Resources, Chief Timipre Sylva, who made this disclosure during a special broadcast programme published on the ministry’s social media platforms, announced that the summit will now hold in Abuja […]

News

U.S. could start buying crude for Strategic Petroleum Reserve in 2 weeks

Ihesiulo Grace 16 March 2020 0

Washington – The U.S. could begin purchasing U.S. produced crude oil for the Strategic Petroleum Reserve in two weeks from now, and fill it in several months, an Energy Department source said on Monday. President Donald Trump said on Friday that he had ordered the Energy Department to fill the reserve “to the top.” The […]

Featured Headlines

Nigeria has met 100% OPEC target agreement – Sylva

Ihesiulo Grace 2 December 2019 0

Minister of State for Petroleum Resources, Chief Timipre Sylva, says Nigeria has met the 100 per cent target agreement entered into by Oragnisation of Petroleum Exporting Countries (OPEC) and 10 Non-OPEC Member States. Sylva said this in a statement issued by his spokesman, Alhaji Garba Muhammad, in Abuja on Sunday. OPEC and 10 Non-OPEC Member […]

News

IGP tasks Petroleum, Illegal Bunkering Taskforce on firmness

Ihesiulo Grace 3 October 2019 0

Abuja – The Inspector General of Police (IGP), Mr Mohammed Adamu has called on the Special Task Force on Petroleum and Illegal Bunkering to be firm in the discharge of their duties. Adamu made the call on Wednesday in Abuja at his maiden meeting with sector, intelligence and unit commanders of the task force. He […]

Business Oil & Gas Power & Energy

NNPC advises PMS consumers to ignore rumour of imminent price hike

Ihesiulo Grace 12 July 2019 0

Micheal Ajayi The Nigerian National Petroleum Corporation (NNPC) has advised motorists and other petroleum product consumers to ignore the trending rumour of a planned hike in the pump price of petrol. The Premium Motor Spirit, popularly known petrol according to the corporations Group Public Affairs Division Manager, Mr Ndu Ughamadu, is not planned to be […]

Business

Dangote restates commitment to Nigeria’s economic development through continuous, investments, others

Ihesiulo Grace 6 March 2019 0

…As Dangote Cement targets $600m annual exports to African countries President of Dangote Industries Limited, Aliko Dangote, has restated his Group’s commitment to Nigeria’s economic development through continuous innovation, value creation and investments. This is just as he disclosed that Dangote Cement’s exports to other countries are targeted to rise to $600m

Headlines News

Why Buhari declined assent to PIGB – Presidency

Ihesiulo Grace 31 August 2018 0

The Presidency has disclosed that President Muhammadu Buhari declined assent to the Petroleum Industry Governance Bill (PIGB) for several reasons, including some provisions being in divergence with present administration’s policy. The Senior Special Assistant to the President on National Assembly Matters (Senate), Senator Ita Enang, made this known in a statement made

News Nigeria

FEC approves N17bn funding for Oil & Gas technology scheme

Ihesiulo Grace 10 August 2018 0

… PEF gadget to detect trucks diverting products In desperate effort to end the causes of artificial fuel scarcity, Federal Executive Council (FEC) has approved the installation of technology monitoring schemes and structures under the Petroleum Equalisation Fund (PEF) for N17 billion. Minister of State for Petroleum Resources, Ibe Kachikwu, disclosed this while