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Hike In Power Tariff, Fuel Price:NLC, TUC Insist on Nationwide Protest, Sept 28

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Due to the recent hike in fuel price  and the increase in  electricity tariff by the Federal Government  , the  Nigeria Labour Congress (NLC) ...
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Energy

100 % Electricity Tariff Hike Suspended Till April 2021

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The intervention of the leadership of the National Assembly has led to the suspension till April 2021, of  the 100 per cent hike in...
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Energy

15 Crew Members of Oil tanker Test positive for COVID-19

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Fifteen crew members on board a Maltese-flagged oil tanker have tested positive to COVID-19, and two crew members have been hospitalized, but they are...
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Energy

Drop In Oil Prices: NEITI Warns FG, States , LGs

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The Nigeria Extractive Industries Transparency Initiative,( NEITI) has cautioned  the three tiers of government on the need  to exercise some restraint in their expenditure...
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Energy

NNPC Moves to Reduce Price of Cooking Gas

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The Nigerian National Petroleum Corporation (NNPC) is planning to stop the export of propane and butane anchored by its Crude Oil Marketing Division to...
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Energy

FG Gets 7 Days Ultimatum From Oil Marketers over N800bn Subsidy

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Oil marketers have issued a seven-day ultimatum, demanding the Federal Government to settle their outstanding debts, totaling N800 billion. In a statement  the oil marketers...
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Energy

FG Loses $2.5bn to Gas Flaring – Expert

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Nigeria loses about 2.5 billion dollars annually from gas flaring in the country according to Mr Chinedu Onyeizu, Chief Executive Officer, AfriPERA, an Energy...
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Energy

Oil Price Moves Towards $85 as Iran Sanctions Loom

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Brent crude oil prices hit their highest level since November 2014 yesterday ahead of U.S. sanctions against Iran.   Brent sweet crude oil futures rose to...
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Energy

NNPC Yet to Know Nigeria’s Actual Daily Fuel Consumption

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The National Executive Council has mandated  the  Nigerian National Petroleum Corporation, NNPC,  to work with the Ministry of Finance to determine the actual daily...
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Energy

NNPC Vows to Sustain Stability in Fuel Supply

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The Nigerian National Petroleum Corporation (NNPC), says it has activated measures to ensure that the prevailing stability in the supply and distribution of petroleum...
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Energy

Nigeria’s Oil Supply Faces Glut

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Plenty supply of light and medium grades from the North Sea and the Mediterranean are limiting buying interest for Nigerian crude , thus making...
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Energy

Hike in Crude Oil Price: Marketers Shun Petrol Import

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Petroleum marketers have told the Federal Government  that they would be abdicating their role of importing  petroleum products.   At the meeting they had with the...
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Bello, Shippers’ Council’s Ex CEO Bags OON, National Honour

maritime news marineandeconomy - 0
Immediate past Executive Secretary/CEO, of the Nigerian Shippers’ Council, Barr. Hassan Bello, has bagged the  National honour of Officer of the Order of the...
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4 dead after Boat full of Tourists ‘Celebrating Birthday’ Sinks In Italy

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Four people have died after a tourist boat capsized during a storm in Italy.   Authorities confirmed on Monday that bodies had been recovered from Lake...
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President Tinubu to Review Currency Swap Policy , Harmonise Multiple Exchange Rates

Lead Story marineandeconomy - 0
President Bola Ahmed Tinubu, has said that his administration will review the Currency Swipe policy implemented   by the Central Bank of Nigeria(CBN) . He made...
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President Buhari Confers CON National Award on Transportation Minister

maritime news marineandeconomy - 0
President Muhammadu Buhari has conferred the Prestigious National Honours Award of the Commander of the Order of the Niger (CON) on the outgoing Transportation...
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