By Emmanuella Anokam The Independent Petroleum Manufacturers Association of Nigeria (IPMAN) has endorsed the use of Compressed Natural Gas (CNG) as an alternative energy source to cushion the effect of subsidy removal. IPMAN National President, Elder Chinedu Okorokwo made this known in an interview with the News Agency of NigeriaContinue Reading
By Nefishetu Yakubu Gov. Godwin Obaseki of Edo on Tuesday reduced the number of work days that civil and public servants would have to commute to their workplaces from five days to three days a week, amongst other measures. In a statement made available to newsmen in Benin, Obaseki saidContinue Reading
By Emmanuella Anokam Nigeria and other members of the Oganisation of Petroleum Exporting Countries (OPEC) as well as the Non-OPEC members have agreed to cut production volumes to ensure global oil market stability. The agreement was reached at the 35th Joint Ministerial Monitoring Committee (JMMC) meeting of OPEC held inContinue Reading
By Emmanuella Anokam, News Agency of Nigeria (NAN) No policy in Nigeria’s petroleum industry has generated more controversy than subsidy removal. Since the return to democracy in 1999, it has defied ministers and even the entire lifespan of administrations. The argument is that the pump price of Premium Motor SpiritContinue Reading
By Emmanuella Anokam The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it will no longer fix prices or release templates for Premium Motor Spirit (PMS). Authority Chief Executive (ACE), Mr Farouk Ahmed, who said this at a news conference in Abuja on Friday, said that market forces wouldContinue Reading
By Emmanuella Anokam Tantita Security Services Nigeria Limited, a private security outfit engaged by the Nigerian National Petroleum Company Limited (NNPC Ltd.) has intercepted an illegal Crude Oil Barge and arrested six suspected crude thieves in Warri, Delta State. The NNPC Ltd. security contractor and the Nigerian Security Operatives onContinue Reading
By Emmanuella Anokam Tantita Security Services Nigeria Limited, a private security outfit engaged by the Nigerian National Petroleum Company Limited (NNPC Ltd.) has intercepted an illegal Crude Oil Barge and arrested six suspected crude thieves in Warri, Delta State. The NNPC Ltd. security contractor and the Nigerian Security Operatives onContinue Reading
By Nefishetu Yakubu The Management of the NNPC E&P Ltd., on Saturday held its 2023 annual scholarship Screening examination for over 329 students from its host communities in Delta, Edo, Rivers and Imo States. The News Agency of Nigeria (NAN) reports that the scholarship screening exercise was conducted simultaneously inContinue Reading
By Emmanuella Anokam President Muhammadu Buhari has confirmed the nomination of Dr Mina Ogbanga as a member of the National Stakeholders Working Group (NSWG) of the Nigerian Extractive Industries Transparency Initiative (NEITI). Ogbanga’s confirmation was made official with the presentation of a letter of appointment to her in Abuja, byContinue Reading
By Emmanuella Anokam The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has unveiled an Industry Digital Automated Portal (IDAP) for monitoring and reporting of the Host Community Development Trust (HCDT). The commission said the platform was developed for transparent administration of the host communities as provided by the Petroleum Industry ActContinue Reading
