Energy
We’re ready to resume petrol importation – Oil marketers
Oil marketers have said they are ready to resume importation of Premium Motor Spirit (petrol) if foreign exchange is made...
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DPR to Upgrade Downstream Operations, leverages on technology
The Department of Petroleum Resources (DPR) said it is upgrading the Nigerian oil and gas downstream operations to global standards...
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Petrol landing cost rises to N180, oil crosses $60, IMF rules out Nigeria’s full economic recovery before 2022
The landing cost of Premium Motor Spirit (petrol) imported into the country has risen by 13.34 per cent in one...
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Oil climbs after OPEC+ maintains oil output cuts, U.S. stock draw
Oil prices extended gains on Thursday after the OPEC+ alliance of major producers stuck to a reduced output policy, and...
Read moreOil rises as U.S. oil stockpiles drop, new Chinese Covid-19 cases decline
Oil prices climbed on Wednesday after industry data showed U.S. crude stockpiles fell unexpectedly last week and China, the world’s...
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Military clamps down on 13 illegal refining sites in N’Delta
Military authorities said yesterday that troops of Operation Delta Safe dismantled 13 Illegal refining sites set up by oil bunkerers...
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No provision for Fuel, Electricity subsidies in 2021 – Minister
The Federal Government has ruled out the possibility of re-introducing fuel and electricity subsidies, saying there is no provision for...
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‘Magboro gas pipeline leakage has been stopped ‘- NEMA
The National Emergency Management Agency (NEMA) has confirmed that the gas pipeline leakage, which occurred at Magboro in Ogun State,...
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25 million Nigerians to own N5m solar systems at N4000 monthly
The Federal Government is set to launch start a Solar Home Systems program under the Economic Sustainability Plan, where with...
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Six Foreigners, Nigerian sentenced to seven years in prison for oil theft
The Federal High Court sitting in Port Harcourt, Rivers State has convicted and sentenced six foreigners and a Nigerian to...
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