Petroleum marketers have attributed the fuel scarcity witnessed in different parts of the country during the Christmas festival to the increase in the price...

Energy

Fuel Crisis: APC – Led Govt Challenged on Lasting Solution

marineandeconomy - December 28, 2017 0

The ruling All Progressives Congress (APC) has been told to find a lasting solution to the recurring incidence of fuel scarcity be devilling the...

Energy

Nigeria Gets OPEC’s Approval from Oil Production Cuts

marineandeconomy - September 22, 2017 0

Nigeria’s exemption from oil production cuts has been approved by the Organisation of Petroleum Exporting Countries (OPEC) and Non-OPEC countries. A statement by the Director,...

Energy

NNPC Cautions Motorists against Panic Buying

marineandeconomy - September 18, 2017 0

• Says Jetty Fire Will Not Affect Supply Motorists and other consumers of petroleum products nationwide have been advised against engaging in any form of...

Energy

Nigeria Targets 40 b Barrels Oil Reserves by 2020

marineandeconomy - June 30, 2017 0

The Nigerian National Petroleum Corporation (NNPC) moves towards the realization to grow the nation’s crude oil reserves to 40 billion barrels by the year...

Energy

At Last ,Senate Passes PIGB Bill

marineandeconomy - May 26, 2017 0

The Nigerian Senate on Thursday finally passed The Petroleum Industry Governance Bill about 17 years of considering the Bill. During the day’s plenary, the bill...

Energy

NNPC Set to Resume Oil Prospecting in Lake Chad

marineandeconomy - May 16, 2017 0

The Nigerian National Petroleum Corporation (NNPC) is set to resume oil prospecting in the Lake Chad Basin of Borno state. The Group Managing Director of...

Energy

NNPC Moves to Boost Gas Supply by 285% in 2020

marineandeconomy - May 10, 2017 0

The Nigerian National Petroleum Corporation (NNPC) and its partners have evolved a scheme to grow gas supply for domestic consumption by 285% from 1.3billion...

Energy

Drop in Oil Prices:IMF Tasks Nigeria to Adjust Fiscal Policies

marineandeconomy - April 19, 2017 0

The International Monetary Fund (IMF) has challenged Nigeria and other African countries to adjust their fiscal policies in line with the continued drop in...

Energy

Oil Export Proceeds Down to $171.12m

marineandeconomy - April 11, 2017 0

The total export proceeds of $ 171.12million were recorded in January 2017 as receipt against $175.04 million in December 2016, the Nigerian National Petroleum...

Energy

FG Will Not Increase Price of Fuel- NNPC

marineandeconomy - April 4, 2017 0

The Nigerian National Petroleum Corporation, NNPC, has said that the recent increase in the bridging allowance to tanker drivers from N6.20 to N7.20 was...

Energy

Nigerians Need 3m Cooking Gas Cylinders Annually- NCDMB

marineandeconomy - April 2, 2017 0

Nigerians need not less than three million Liquefied Petroleum Gas (LPG) also known as cooking gas cylinders, annually, according to the Nigerian Content Development...

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