Tuesday, September 27, 2022
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IPMAN assures of continuous sales of petrol at N165/liter

They made the pledge during a courtesy visit to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) in Abuja

Bridging claims, freight: FG pays N74bn to Marketers

The Authority in a statement, explained that the Authority paid N71,233,712,991 bridging claims and another N2,736,179,950.84 freight differentials to the Marketers as at 6th June, 2022

Reps to probe NNPC fuel subsidy claim of N2trn

In his motion, Ogun said he was informed that as of 2002, the NNPC purchased crude oil at international market prices, which stood at 445,000 barrels per day.

For selling 1m liters of Oleum lubricants

The duo, Chucorl Nigeria Limited, and Ade De Young Auto Limited who met and exceeded the set target in the distribution of OLEUM lubricants were awarded OLEUM branded trucks at the ceremony.

MOMAN offers solution to Nigeria’s current fuel scarcity

MOMAN, as an Association, fears that the current supply framework cannot guarantee steady and consistent supplies to the country given the current state of Government finances and unpredictable international supply shortages.

Fuel scarcity: Depot owners pledge allegiance to NNPC

Also decried high cost of operating their various fuel depots, astronomical increases in the cost of diesel used to power equipment and machinery in various depots and  retail outlets.

Oil marketers shut stations, want increase in pump price

Akinrinade said while the government had fixed N165 per litre as the pump price of Premium Motor Spirit (PMS), the current realities in the market showed that the minimum the product should be retailed at the stations should be N180.

Petrol freight rate: More trucks to resume fuel bridging -NARTO

He said NARTO members had been struggling to operate, adding that normalcy would soon return to the petroleum products distribution sector with the intervention.

Buhari hikes transporters freight rate by N10

Nigerian President Muhammadu Buhari, has considered and approved the upward review in freight rate for transporters to alleviate...
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TCN RESTORES NATIONAL POWER GRID AFTER PARTIAL SYSTEM DISTURBANCE

The restoration of the affected part of the grid, according to a statement, commenced immediately at 11.55am with Osogbo/Ihovbor back to the grid followed by Jebba/Osogbo, Kainji/Jebba, Benin/Onisha, Shiroro/Kaduna, Shiroro/Katampe, and Alaoji/Ikot-Ekpene. Others are Lokoja/Gwagwalada, Odukpani/Ikot Ekpene, Benin/Omotosho, Oke-Aro/Ikeja west, Egbin/Oke-Aro and Kaduna/Kano.

Nigeria thrown into darkness as national grid collapses again

The system collapse which occurred at 10:51 am on Monday, 26th September,2022, has thrown the country into darkness.

Nigeria’s oil producers created 600,000 jobs in 60 years – Kennedy

He said: “We have continued to make significant contributions to Nigeria’s development. As a group, OPTS member companies account about 90 per cent of Nigeria oil production and contributes significantly to the domestic and export gas production and supply. Over the last decade, OPTS member companies accounted for 40-60 per cent of government revenue and 85 to 95 per cent of export earnings.

Nigeria needs $10m annually for transition into Green energy – Osinbajo

“When Nigeria gets this fund, in addition to capital flow from both government and private sector, local and international, it would then be able to address majority of the issues relating to Climatic Change in the country. Nigeria has made a case that it should be on the G7 panel partnerships which will attract significant funding.”