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MOMAN: FG Must Deregulate Downstream to Address Fuel Supply Challenges

•Don’t sell fuel above N165/litre, IPMAN, ADITOP warn members, appoint consultants to recover debts •Nigeria’s problem is distribution, not supply, PENGASSAN declares Emmanuel Addeh, Sunday Aborisade...

Senate probes Shell over  alleged JV agreement  violation, wants $200m refunded to govt

The Senate, on Wednesday at plenary constituted an Ad Hoc Committee to investigate Shell Petroleum Development Company (SPDC) over non-compliance with the Petroleum Act and...

NEITI: subsidy removal will free economy

The Nigerian Extractive Industries Transparency Initiative (NEITI) yesterday insisted that the removal of Premium Motor Spirit (PMS) subsidy will free the economy from bondage. Executive...

Petrol Price to Remain at N165 Per Litre, NMDPRA Insists

•Queues to disappear in few days, NNPC assures •Depot owners lament, say N165 per litre unsustainable •House summons national oil company, downstream regulatory authority, marketers over...

Subsidy Removal Untenable, Buhari Tells IMF, World Bank

PRESIDENT Muhammadu Buhari has dismissed the call by the International Monetary Fund (IMF), the World Bank and other leading economists to remove subsidy from...

$13 billion Trans-Saharan pipeline to boost Nigerian gas in European markets – Sylva

The Federal Government has disclosed that the $13 billion Trans-Sahara Gas Pipelines (TSGP) which passes from Nigeria through Niger and Algeria will enable Nigerian...

Nigeria has not held a licensing round for oil blocks in 15 years due to regulatory uncertainties

Nigeria has not held a licensing round for oil blocks other than marginal fields since 2007,  due to uncertainties about future regulatory and fiscal...

IPMAN cries out over deplorable roads, multiple taxations in Portharcourt zone

The Eastern Zonal Chairman of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Prince Bobby Eberechi Dick, has lamented the agony petroleum Marketers face...

World Bank says forex crisis, fuel subsidy, others are offsetting Nigeria’s gains from rising oil prices

Foreign exchange crises, high inflation, and fiscal pressures generated by fuel subsidies, according to the World Bank, distort the benefits of a growing non-oil...

Chaudhuri & Hernandez: Nigeria is an Exceptional Oil-producing Nation

For the first time since the discovery of crude oil, Nigeria has been in a situation whereby when oil prices go up significantly, globally,...

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