OIL & GAS
NNPC, oil marketers move against scarcity, urge PIGB passage
The Nigerian National Petroleum Corporation (NNPC) and Major Marketers Association of Nigeria (MOMAN) are strengthening existing relationships to avert scarcity of petroleum products nationwide. Speaking at a MOMAN Chief Executive Officers Strategy Retreat Dinner at the weekend in Abuja, the Group Managing Director of NNPC, Dr.Maikanti Baru, said a deal with the marketers would address inherent challenges in the downstream sector, particularly in the area of effective supply of petroleum products across the federation.
NNPC warns depot owners not to sell petrol above N133.28k per litre
The Nigerian National Petroleum Corporation (NNPC) has warned depot owners and terminal operators not to sell Premium Motor Spirit (PMS), otherwise known as petrol, above the official ex-depot price of N133.28k per litre and also cautioned petroleum products marketers not to sell the product above N145 per litre.
Tax holiday: Appeal Court dismisses NLNG’s case against NIMASA
The Court of Appeal, Lagos Division, last week set aside the judgment of the Federal High Court, which had exempted the Nigerian Liquefied Natural Gas Limited (NLNG) from levies payable to the Nigerian Maritime Administration and Safety Agency (NIMASA) under the NIMASA Act, Cabotage Act, Marine Environment (Sea Protection Levy) Regulations, and other laws of the federation. The Appeal Court based its ruling on the fact that NIMASA, the country’s maritime regulatory agency, was not given fair hearing at the lower court.
Shell, UBA sign $200m contractor support fund
Efforts to boost the financial strength of indigenous vendors and suppliers in the oil and gas industry may have received the desired boost as Shell Petroleum Development Company of Nigeria Limited (SPDC) has increased its contractor support fund with $200 million.
Sahara Advocates Adoption of Uniform Petroleum Products Standards
The adoption of unified standards across Africa will create a bigger and more effective regional market that will enhance the continent’s competitive positioning in global energy markets, the Executive Director, Sahara Group, Tope Shonubi.
We’ll produce 65.4 million litres of petrol, others daily –Dangote
Dangote Industries Limited has said its crude oil refinery is expected to produce 65.4 million litres of petrol, diesel, aviation fuel and kerosene daily when it comes on stream.
“JTF Operations Increases Oil Production Output To 2m Barrel Per Day”
Authorities of the Joint Task Force (JTF) code named Operation Delta Safe, a special security outfit, fighting criminalities in the Niger Delta region, weekend disclosed that some of its operations led to a huge increase of daily oil production from 900bpd to over two million currently being explored in the region.
Fayemi mourns death of ex-PPPRA boss,
Ekiti State Governor, Dr. Kayode Fayemi, has commiserated with the family of a former Executive Secretary of the Petroleum Products Pricing Regulatory Agency, Dr. Oluwole Oluleye, who passed on Saturday after a brief illness.
Inflation to affect new minimum wage – TUC
(Nan)Inflation has seriously affected the purchasing power of the N30, 000 National Minimum Wage recently approved by the Senate, the Trade Union Congress of Nigeria (TUC) has said.
Ooni, Emir Sanusi named in committee on FG, ASUU crisis
The National Association of Nigerian Students has constituted a committee of traditional rulers and elder statesmen across the country to help in providing a permanent solution to the crises between the Federal Government and the nation’s academic unions including the Academic Staff Union of Universities and the Academic Staff Union of Polytechnics.