Indigenous operators kept in suspense over president’s approval of ship fund

Local shipping industry operators are kept in suspense as they await the decision of President Jonathan over who benefits from the repackaged Cabotage Vessel...

New subsidy payment regime frustrates fuel marketers

The Ministry of Finance says the regime of tightened payment process, which was introduced in order to bring sanity to subsidy arrangement, is yielding...

PPPRA urges NEITI to desist from confusing the public over audit report

The Petroleum Products Pricing Regulatory Agency, PPPRA has appealed to the Nigeria Extractive Industries Transparency Initiative, NEITI, to desist from confusing the public further...

At least 83 ships expected at Lagos ports this month

Not less than 83 ships would arrive in the various ports situated Nigeria’s commercial nerve centre, Lagos, any time from now, THISDAY has learnt. The...

Ministry not neglecting maritime sector – NSC Boss

Executive Secretary of the Nigerian Shippers’ Council (NSC), Mr. Hassan Bello, has said that the reported neglect of the maritime sector by the Ministry...

IPMAN dismisses kerosene scarcity, condemns diversion

The National Executive Committee, Independent Petroleum Marketers Association of Nigeria, has dismissed the information making the round that there is kerosene scarcity in the...

EFCC declares two subsidy fraud suspects wanted

The Economic and Financial Crimes Commission, EFCC, has declared two oil subsidy suspects, Seun Ogunbambo and Habila Theck, wanted. The two men are the Managing...

NNPC to enforce N50/litre kerosene price; allays fears of scarcity

The Nigerian National Petroleum Corporation, NNPC, and its downstream subsidiary, the Pipelines and Products Marketing Company, PPMC, yesterday, threatened to sanction marketers and other...

NEITI confusing Nigerians with audit report – PPPRA

The Petroleum Products Pricing Regulatory Agency on Tuesday said the Nigerian Extractive Industries Transparency Initiative was confusing the public with its recently released audit...

Local stakeholders seek more involvement in crude oil carriage; call for change to CIF

Shipping industry stakeholders are calling for reconsideration of the FOB trade terms with foreign partners for CIF terms in crude oil transportation because of...

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