FG saved N879bn from fuel price increase, reforms – Alison Madueke

The Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, has stated that the federal government saved N879,billion in 2012 as a result of the increase...

Vessel hijackers now pose as charterers – NIMASA

Dare-devil hijackers of ships now pose as business people wanting to hire vessels in a bid to carry out their criminal acts, the Nigerian...

Malpractices: DPR threatens to revoke marketers’ licences

The Department of Petroleum Resources has vowed to introduce more stringent penalties, including revocation of licences of marketers engaged in malpractices in the petroleum...

FG to release subsidy payment today, adopts new accounting principle for 2014 budget

The Federal Government on Wednesday said it would continue to block loopholes in the fuel subsidy regime, adding that marketers with genuine claims would...

Refinery, petrochemical projects to be established soon in Ogun – Amosun

Ogun State Governor, Senator Ibikunle Amosun, has disclosed that refinery and petrochemical projects will be set up soon in the state. Amosun also disclosed that...

September fuel subsidy remains high at N1.9bn per day

The Federal Government’s fuel subsidy for the month of September 2013 remains high at over N1.9 billion based on the estimated daily consumption of...

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...

OANDO rolls out mega stations

The competition in the Oil and Gas Market has taken a new twist, as Oando Marketing, a subsidiary of Oando Plc and a major...

Inside the $9bn Dangote petroleum refinery

Aliko Dangote is a business juggernaut whose middle name is entrepreneur. He is never dissuaded from entering new businesses despite the general inclement operating...

Federal Government inaugurates subsidy payment committee

The Federal Government has constituted a seven-member Pan-industry Committee to explore ways of resolving the lingering dispute between the Ministry of Finance and petroleum...

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