FG pays N192.5bn subsidy claims to marketers

As part of the Federal Government’s renewed commitment to ensure availability of petroleum products at subsidised prices, the Federal Ministry of Finance has stated...

Fraudulent oil marketers tamper with petroleum trucking mechanism

The Petroleum Equalisation Fund (Management) Board has raised the alarm on activities of corrupt oil marketers who are hell-bent at subverting the smooth implementation...

Navy boss promises to stamp out oil theft

The Flag Officer Commanding, FOC, Nigerian Navy Logistic Command, Oghara, Delta State, Rear Admiral Abdu Shettima, says the Federal Government will continue to renew...

Pipeline explosion rocks Ibadan again, farmlands ruined

Two weeks after a pipeline explosion in Apata Area of Ibadan, another explosion has rocked Alapata community area in Ido Local government area of...

IEA downplays Nigeria’s plans to export refined products

Projections that Nigeria will begin to export refined petroleum products by 2016 may not materialize after all, as the International Energy Agency, IEA, yesterday,...

Samsung Heavy wins $3bn FPSO platform order from Nigeria

South Korean shipbuilder Samsung Heavy Industries said Thursday it had won a $3.0 billion order to build a giant offshore oil storage platform in...

DPR uncovers ghost filling stations, diversion of fuel allocations in Bayelsa

The authorities of the Department of Petroleum Resources (DPR) has released the result of an audit of petrol stations in Bayelsa State,announcing the discovery...

Federal Government set to tackle Aturu’s deregulation suit

Having been caught unaware at the lower court, the federal government has fortified its legal team to challenge the decision of Justice Adamu Bello...

Consumer spending on petrol to hit N672.39bn in June

Nigerians spend a huge amount on petrol monthly and the figure is likely to grow further because of uncertainties surrounding the importation of the...

PENGASSAN propose PEF Merger with DPRA under PIB

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has proposed that the Petroleum Equalisation Fund (PEF) should be merged with the...

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