DPR threatens to shut erring gas stations

Gas stations that fail to adhere to regulations guiding the oil and gas industry will be sanctioned, the Directorate of Petroleum Resources (DPR) has said. DPR’s...

House probes collusion between NNPC, Swiss and Nigerian traders

The House of Representatives Tuesday mandated its Committees on Petroleum (Upstream and Downstream) and Justice to investigate the alleged swindling of the country of...

ELSHCON targets Angola, Ghana for marine, fabrication services

Buoyed by the huge investments it made to grow its capacity and capability since the enactment of the Nigerian Content Act, ELSHCON Nigeria Limited,...

Lagos, experts task NASS on PIB

Amid insinuations that the Petroleum Industry Bill (PIB) currently before the National Assembly has been doctored to favour foreign oil multinationals, Lagos State Government...

Aiteo not indicted in fuel subsidy reports

The Management of Aiteo Energy Resources Limited said at the weekend that the company was at no time indicted by House of Representatives Ad-Hoc...

Reps to probe concessionaires’ activities in seaports

Worried by the infrastructural decay at the Nigerian seaports, the House of Representatives yesterday resolved to investigate the operational activities of concessionaires in order...

FG reviews market rules for privatised power firms

The Federal Government on Thursday commenced the process for the amendment of the market rules to guide the operations of the privatised power sector...

Power: NERC warns new investors against political interference

The Nigerian Electricity Regulatory Commission (NERC) has said the growth in the efficiency of Nigeria’s emerging electricity market will partly be guaranteed when new...

Reps probe JV agreements with IOCs

The House of Representatives has requested from the National Petroleum Investment Management Services (NAPIMS), details of Joint Venture Agreements (JVA) with International Oil Companies...

$72bn investments lost as FG dithers on PIB

The non-passage of the Petroleum Industry Bill (PIB) has cost Nigeria a whopping $72 billion in terms of investment in the last seven years,...

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