Oil & Gas

Blackout looms as explosion rocks Escravos gas pipeline again

Power generation in the country may have hit a fresh snag following the explosion that ruptured the Escravos-Lagos Pipeline on Thursday, even as generation from hydropower plants dropped by 494 megawatts in six days.


Fuel queues reappear in Abuja, Nasarawa, others

Queues for Premium Motor Spirit resurfaced in many parts of Abuja and neighbouring states on Thursday despite repeated assurances by the Ministry of Petroleum Resources and the Nigerian National Petroleum Corporation that the scarcity of the product had been brought under control.


Petrol scarcity ends in Lagos, persists in Port Harcourt, others

Residents of Lagos and Abuja have begun heaving sighs of relief from the recent fuel scarcity, leaving people in Imo, Enugu, Port Harcourt, Kano and other parts of the country longing for similar respite.


‘Why Nigeria needs to switch from dirty fuels’

Cleaner fuels will reduce the negative impact of bad cooking fuels on the environment and the people.


Oil price hits $70 per barrel, raises hope for N8.6trn 2018 budget

THE price of crude oil has risen from $68 to $70 per barrel in the international market as a result of rising demand, thus raising hope for the implementation of the nation’s N8.6 trillion 2018 budget.


Fuel Scarcity: IPMAN Demands Expedited Action on PIB

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has called on the National Assembly to expedite action on the passage of the Petroleum Industry Bill (PIB) to ensure full deregulation of the sector as a way of addressing the perennial fuel scarcity being experienced in Nigeria.


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Total pension assets rise to N7.4tn

The total pension assets under the Contributory Pension Scheme rose to N7.4tn as of the end of November 2017.


Financial inclusion: CBN sets new target for banks

The Central Bank of Nigeria on Thursday issued a new target for Deposit Money Banks and all microfinance banks in the Federal Capital Territory towards achieving the 80 per cent financial inclusion target for the adult population in the country by 2020.


‘How workers can prevent crisis’

The Lagos State Governor, Akinwunmi Ambode, says there is the need for public servants to embrace effective communication in order to prevent crisis in the public service.


FG, others share N6.2tr statutory allocation funds in 2017

THE federal government, 36 states and the 774 local government shared N6.2 trillion as statutory allocation funds in 2017.


Nigeria Labour Congress grounds Kaduna, shuns El-rufai’s threat

Despite the intimidation by Kaduna State Government to clamp down on labour, the Nigeria Labour Congress (NLC) went ahead to protest the sack of about 22,000 teachers yesterday by Governor Nasir El-rufai.



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