Online News Magazine
Online News Magazine
Over the past few months, Ukraine has begun a concerted effort to attack Russia’s oil refining sector with unmanned aerial drones, and it has had considerable success. These strikes have sparked explosions and fires at more than a dozen refinery complexes to date, including six in the last ten days alone. While energy analysts suggest […]
The Nigeria Labour Congress (NLC) has warned that the World Bank’s call on the Federal Government to increase the pump price of petrol to N750 per litre will destabilize the economy. The labour union stated that the recent recommendation by the global lender was unwarranted, saying that it encourages the government to abandon its commitment […]
President Bola Tinubu has renewed the appointment of Mallam Mele Kyari as the Group Chief Executive Officer of Nigeria National Petroleum Company Limited (NNPCL). Anjuri Ngalale, the Presidential Spokesman, disclosed this in a statement on Monday The president also approved the appointment of new board members for NNPCL. “In compliance with Section 59 (2) of […]
The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri has assured that the Port Harcourt refinery will come back on stream by December this year. He restated Federal Government’s commitment to ending petroleum product importation soon, saying that efforts are being redoubled to restore the nation’s local refining capacity. Lokpobiri stated this during […]
The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri has assured that the Port Harcourt refinery will come back on stream by December this year. He restated Federal Government’s commitment to ending petroleum product importation soon, saying that efforts are being redoubled to restore the nation’s local refining capacity. Lokpobiri stated this during […]
The former minister of petroleum, Diezani Alison-Madueke, has been accused of bribery by British police. Reuters reports that UK police stated on Tuesday that they believed she had taken bribes in exchange for giving multimillion-pound contracts for oil and gas. From 2010 until 2015, the 63-year-old former minister worked under former President Goodluck Jonathan’s government. […]
The Nigerian Navy on Friday returned a merchant tanker vessel, MV TIS IV, and a Barge Podium held for complicity in oil theft to their owners in compliance with a court judgement. The News Agency of Nigeria (NAN) learnt that the court had convicted the crew and ruled that the stolen crude be forfeited to […]
President Tinubu, on Wednesday evening assured the organized labour that his government would ensure that one of the moribund refineries in the country would begin operation by December. Joe Ajaero, the President of the Nigeria Labour Congress, told journalists in Abuja on Wednesdayevening that the promise was one of the fall outs on the labour […]
The Commerce and Industry Correspondents Association of Nigeria ( CICAN) has condemned the recent Premium Motor Spirit ( PMS) hike, describing it as a pain too much to bear by the Nigerian masses, urging the Federal Government to involve the Organised Private Sector in taking decisions on palliative measures. This fact is contained in […]
Human rights lawyer Femi Falana, SAN, says allowing the Nigerian National Petroleum Company Limited to fix the pump price for Premium Motor Spirit (PMS), or petrol, is an aberration and unconstitutional. Falana was reacting to the NNPCL’s sudden price increment from around N500 to N617 per litre on Tuesday, which saw the second impromptu petrol […]
