The consumption of Premium Motor Spirit (popularly called petrol or fuel) nationwide dropped to an average of about 18.5 million litres daily in June – from an average of 66.9 million litres in the pre-subsidy era this year, to 48.43 millions litres between 1st to 30th June. In his inaugural address on 29th May, President Bola Tinubu announced the removal …

In its bid to contribute to the eradication of illiteracy and empower the youth with needed tools and skills,  TotalEnergies L.E.A.D Career project and JA Nigeria (JAN) have organised a career growth programme for selected secondary school students across the country. According to a statement from the energy firm, the 10th edition of the initiative, which is tagged ‘L.E.A.D career …

The Group Chief Executive Officer of NNPC Limited, Malam Mele Kyari, on Thursday, announced that the company would be constructing another international gas pipeline worth about $8 billion. NNPCL and its partners are currently working on the construction of the $25 billion Nigeria-Morocco gas pipeline that is to supply gas from Nigeria to about 11 African countries and transport the …

There is no decision yet by the Federal Government to sell the shares of the NNPC Limited to the public through an Initial Public Offering (IPO), according to The PUNCH. An online medium reported on Wednesday that the NNPCL missed the deadline for the launch of its IPO, stating that this was contained in the national oil company’s latest quarterly …

Large consignments of Premium Motor Spirit (popularly called petrol or fuel), being imported by major oil marketers, are to hit Nigeria from next week and may force down the price of the commodity, both major and independent dealers stated on Sunday. It was also gathered that crude oil refiners were currently releasing refined petroleum products on credit to dealers from …

Private Premium Motor Spirit (PMS) depots have crashed the prices of fuel amidst speculations of a rise to N700 per litre this month. The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Saturday denied plan by the association to increase the pump price of petrol to N700 per litre this month. On the contrary, The Nation confirmed that private depots …

The Human and Environmental Development Agenda (HEDA) has identified the oil and gas sector as the most corrupt sector in the nation’s economy. The non-governmental organisation, which said it is committed to promoting good governance, combating corruption and adjudicating for environmental justice, frowned at how state governors relax and accept any amount given to them as monthly allocations from the …

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has denied reports that it plans to increase the pump price of Premium Motor Spirit (PMS), also known as petrol, to N700 per litre nationwide. IPMAN Chairman for South West zone, Alhaji Dele Tajudeen told the News Agency of Nigeria in Ibadan on Friday that the price of the product would not be …

The Federal Government has so far saved about N400 billion as a result of the removal of subsidy on Premium Motor Spirit (popularly called petrol) since 29th May when the initiative was officially implemented, oil marketers stated on Thursday. Also, the oil dealers stated that there was a high possibility for the cost of petrol to rise in July, going …

Troops of 5 Battalion operating under 16 Brigade, Nigerian Army, have captured a suspected militants’ and illegal bunkerers’ armory at Azuzuama community, Ijaw South Local Government Area of Bayelsa State. The gun house was reportedly captured on Sunday after the troops subdued the suspects with superior firepower, forcing them to flee in disarray, Army spokesman Brig.-General Onyema Nwachukwu said yesterday. …