The Federal Government don launch new Nigerian National Petroleum Company Limited. NNPC Limited been come after government unbundle the former Nigerian National Petroleum Corporation after the National Assembly pass Petroleum Industry Act. Oga Presido Muhammadu Buhari join other top-top people for the unveiling ceremony wey shele for inside Abuja and still feature performances plus tok tok. Oga…
The Federal Government has proposed an extension of the plan to remove petrol subsidy by eighteen months. During the period, the government plans to send a proposal to the National Assembly for an amendment of the Petroleum Industry Act. The Minister of State for Petroleum Resources, Timipre Sylva, made the announcement during a media briefing at the…
Crude oil production in Nigeria has increased by about two-point-six million barrels in the month of November this year. The Organisation of Petroleum Exporting Countries announced that Nigeria’s crude oil production rose by eighty-five thousand barrels to one million, four hundred and twenty-thousand barrels per day. The figure is against one million, three hundred and thirty-five thousand…
The Federal Government says the pump price of petrol will remain at one hundred and sixty-two naira. The revelation followed fears about possible increase in the price of petrol following the signing of the Petroleum Industry Act into law. The Minister of State for Petroleum Resources, Timipre Sylva, said a new pump price of petrol would be…
The Minister of State for Petroleum Resources, Timipre Sylva, has said the Federal Government is not in the best position to manage the petroleum refineries. Sylva said government is going to hands-off the refineries and engage professional managers to take charge of them. Speaking during a TV interview monitored in Lagos, the Minister said it would be…
The Federal Government has again shifted position on the plan conversion of vehicles from the use of petrol to gas, under its Gas Expansion Programme. The Minister of State for Petroleum, TIMIPRE SYLVA, had said that the Federal Government would ensure that no one pays for the conversion of their vehicles to run on gas. However; SYLVA’s…