Pressure mounts on Buhari to remove fuel subsidy from 2016 budget

As the Federal Government prepares the 2016 budget, there are indications that President Muhammadu Buhari is under pressure to remove fuel subsidy, despite the...

Marketers protest kerosene loading delay at Techno Oil depot

Marketers at the Techno Oil depot in Kirikiri, Apapa, Lagos, on Thursday, protested the prolonged delay in the distribution of Dual Purpose Kerosene (DPK) products...

Domestic carriers spend N32bn annually on aviation fuel

Domestic carriers spend about N32 billion annually on aviation fuel, known as Jet A1, with Arik Air spending about N1.9 billion monthly (N22.8 billion...

BUA Group lauds FG on revival of refineries

The Chairman of BUA Group, Abdulsamad Rabiu, has commended the Federal Government on the resuscitation of local refineries and said the ongoing resuscitation has already...

DPR, NPA approved tank farms without due process – LASG

The Department of Petroleum Resources (DPR) and Nigeria Ports Authority (NPA) have been blamed for the intractable gridlocks, security challenges and environmental nuisance gravely...

FG back tracks on proliferation of modular refineries in Niger Delta

The Minister of State for Petroleum Resources, Dr Emmanuel Ibe Kachikwu has expressed worry that the establishment of modular refineries may worsen the nation’s...

Nigerians need 3m cooking gas cylinders annually – NCDMB boss

The Nigerian Content Development and Monitoring Board (NCDMB) says that Nigerians need no less than three million Liquefied Petroleum Gas (LPG) also, known as...

LPGAN gives reasons for unstable supply of LPG

The President, Liquefied Petroleum Gas Association of Nigeria (LPGAN), Mr Dayo Adesina, has said that the current hitches in the supply of Liquefied Petroleum...

Crisis looms as marketers experience shortfall in fuel supply

There is looming crisis in the supply and distribution of premium motor spirit (PMS) as marketers are experiencing shortfalls occasioned by increased demand during...

FG delays renewal of oil lifting contracts

The Federal Government has delayed, without giving notice, the renewal of crude oil lifting contracts for the 2013/2014 period which is supposed to have...

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