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

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

100 % Electricity Tariff Hike Suspended Till April 2021

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

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

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...

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

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

NNPC Moves to Reduce Price of Cooking Gas

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

FG Gets 7 Days Ultimatum From Oil Marketers over N800bn Subsidy

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...

FG Loses $2.5bn to Gas Flaring – Expert

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...

Oil Price Moves Towards $85 as Iran Sanctions Loom

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...

NNPC Yet to Know Nigeria’s Actual Daily Fuel Consumption

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

NNPC Vows to Sustain Stability in Fuel Supply

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

Nigeria’s Oil Supply Faces Glut

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

Hike in Crude Oil Price: Marketers Shun Petrol Import

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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NIMASA Committed to Creating Enabling Environment for Maritime to Thrive- Jamoh

To Continue to Prevent Marine Pollution   As part of measures to  continue to create an enabling environment for the maritime  sector to thrive, the...

Lagos , Security Operatives to Enforce Ban on Okada from June – Sanwo-Olu

The Lagos State Government has pledged that it  will go ahead with its proposed ban on commercial motorcycles, known as okada on highways and...

26 Global Firms In Alliance to Make Workforce Fit for Sustainable Maritime Future

 Industry players from across the global maritime value chain came together in Zurich on 24 May to launch the All Aboard Alliance, which will...

Okada Ban: Lagos State Gets Backing of Arewa Community

 Sequel to the Lagos State total ban  on the operation of  Okada riders in some  Local Government Areas  in the Lagos metropolis , effective...