Minister of State for Petroleum, Chief Timipre Sylva, has said that the country accidentally discovered 206 trillion cubic feet of gas reserves while in search of crude oil. Sylva, who disclosed this in Abuja , said that the country could…
Nigeria’s next move- Ehi Braimah
When the January 9 Collective (J9C), a group of Nigerians who are keen for Nigeria to make progress and march forward, invited speakers, discussants and other key stakeholders to yet another conference two months ago, the theme was, “Evolved Generation,…
FG may approve fuel price hike this week
A new fuel price band between N170 and N175 may be approved by the federal government this week, Daily Trust has learnt. The Nigerian National Petroleum Corporation (NNPC), the sole importer of refined petroleum products was selling at the old…
*Guns recovered as landlord shoots okada union chair over rent (Punch)*Lagos APC warns against mayhem over reopening of Lekki tollgate (Guardian)
Guns recovered as landlord shoots okada union chair over rent (Punch) A landlord, identified simply as Afuye, has been arrested by men of the Lagos State Police Command for allegedly shooting his tenant, Olaoluwa-Daniel Yaya, over outstanding rent at their…
*Police arrest house help for killing former employer (Vanguard)*Again, UNILAG postpones 2020/2021 post-UTME screening (Punch)
Police arrest house help for killing former employer (Vanguard) Nasarawa State Police Command on Thursday said it has arrested a 27-year-old Cephas Iliya for killing his former employer, late Martin’s Omeri. Late Omeri was a Deputy Chief auditor in the…
FG targets 250,000bpd of petroleum product from modular refineries
The federal government is projecting an average of 250,000 barrels per day petroleum product refining capacity through the establishment of modular refineries. A modular refinery is a simplified refinery requiring significantly less capital investment than traditional full-scale refinery facilities. The…
Nigerians pay N47.6b in four months for petrol ‘subsidy’
Government, in March this year, announced total deregulation of petrol across the country, but Nigerians still pay average of N11.9 billion every month to ensure the uniform price of fuel across the country. Following forced removal of subsidy in the…
Nigeria, a laughing stock in oil business — Petroleum minister (Punch)
The Minister of State for Petroleum Resources, Timipre Sylva, says Nigeria must bring down the cost of production of its crude oil as the country is currently a laughing stock in the way it runs business in the oil and…