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Fuel Scarcity Blamed on Crude Price Increase, Subsidy Removal

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

Fuel Crisis: APC – Led Govt Challenged on Lasting Solution

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

Nigeria Gets OPEC’s Approval from Oil Production Cuts

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,...

NNPC Cautions Motorists against Panic Buying

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

Nigeria Targets 40 b Barrels Oil Reserves by 2020

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...

At Last ,Senate Passes PIGB Bill

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...

NNPC Set to Resume Oil Prospecting in Lake Chad

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...

NNPC Moves to Boost Gas Supply by 285% in 2020

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...

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

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

Oil Export Proceeds Down to $171.12m

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...

FG Will Not Increase Price of Fuel- NNPC

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...

Nigerians Need 3m Cooking Gas Cylinders Annually- NCDMB

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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Boost of Non-oil Exports Revenue: CBN Pays Exporters N81bn Rebates

The Central Bank of Nigeria (CBN) has said that the need to boost the non-oil revenue generation of the country  informed its decision   to...

Seaborne Trade to Grow 2.1 % Yearly between 2023-2027-UNCTAD

Says Maritime Trade Growth to Crash to 1.4 % In 2022- UNCTAD The United Nations Conference for Trade and Development (UNCTAD) has predicted in...

Train Service on Abuja – Kaduna Corridor over 90% Ready- Sambo

 The Minister of Transportation , Alhaji Muazu Sambo  has said that  the train service on the  Abuja - Kaduna corridor is 90% ready and...

Security Agencies Pledge to Work with CIOTA to Develop Transport Sector

… As Transport Professionals Back Jamoh’s Success as CIOTA President   The  Nigerian Army and other security agencies have  pledged their support to the growth...