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Beware of Adulterated Petroleum Products, NNPC Warns

The Nigerian National Petroleum Corporation (NNPC) has cautioned Nigerians against the use of adulterated fuel following reports that products from vandalized pipelines, or adulterated...

FEC Approves N701 bn for Gas Sector to Boost Power

A sum of N701 billion Power Assurance Guarantee has been approved by the Federal Executive Council(FEC)  for the Nigeria Bulk Electricity Trading (NBET)—to ensure...

DPR impounds Vessel loaded with 1.5 m Litres of Bad Fuel

 A vessel, MT JAZI, loaded with 1. 5 million litres of contaminated petroleum product has been impounded by  The Department of Petroleum Resources  while...

NNPC to Increase Feb Supply of Petrol to Check Scarcity

The Nigerian National Petroleum Corporation (NNPC) has revealed measures it has adopted to sustain the supply of petrol, diesel, and kerosene across the country.. Mr...

Nigeria Loses $80bn Annually to Vandalism – Kachikwu

The Minister of State for Petroleum, Ibe Kachikwu has revealed that  Nigeria is losing at least $80 billion annually  to oil facilities vandalism in...

NNPC Moves to Ensure Stable Gas Supply

The Nigerian National Petroleum Corporation (NNPC) has promised to fast-track the repairs of all pipelines vandalised last year to ensure stable gas supply to...

NNPC’s cash calls debit hits $2.5b

A grim picture of the oil and gas industry has been painted by  Nigerian National Petroleum Corporation (NNPC) boss Dr Maikanti Baru. The  Group Managing...

Hope Rises for Nigeria as Oil prices hit $50

Oil prices rose to the highest since August and traded above $50 a barrel yesterday, following optimism surrounding the new oil production deal by...

Why Marketers Shun Fuel Importation

In spite of the hike in pump price of premium motor spirit (PMS) or petrol to N145 per litre from N87, the Nigerian National...

‘Coal to Serve as Alternative Source of Energy’

The Minister of Solid Minerals and Mining, Dr. Kayode Fayemi, has said Nigeria will soon be using coal as an alternative source of energy. Fayemi,...

Power Generation Now 3,277MW

The Nigeria Electricity System Operator (SO) on Tuesday said that the power producers at 06.00 hours generated 3,277 Mega Watts (MW). According to its power...

Nigeria’s Oil Output to Remain Low till Next Year — EIA

The Energy International Administration, the statistical arm of the United States’ Energy Department, has said that Nigeria’s crude oil production will remain depressed through...
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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...