Vehicles to use gas from next month – Sylva; lists gains of subsidy removal
Mr Timipre Sylva, the Minister of State for Petroleum Resources says the Federal Government’s decision to fully remove subsidy from petrol will earn the country ₦1trn annually and create massive…
FG no longer controls price of petrol, to introduce alternatives – Minister
The Minister of Petroleum Resources (State), Mr Timipre Sylva has explained the recent increase in the price of petrol, admitting that the deregulation of the petroleum sub-sector will be difficult…
NGEP: Convert all official vehicles to run on autogas, minister urges all CEOs, lieutenantsÂ
Minister of State for Petroleum Resources, Timipre Sylva says he has surrendered his vehicles to the National Gas Expansion Programme, NGEP, to convert all to dual fuel with use of…
FG gives reason for establishment of oil, gas facility in Akwa Ibom
The Federal Government says it approved the establishment of the oil and gas logistics facility in Akwa Ibom because of the prevailing peace and security of lives and property in…
Daukoru returns, now NLNG Chairman; Ikem-Obih, Abba make Board
President Muhammadu Buhari has approved the newly reconstituted board of Nigeria Liquefied Natural Gas(NLNG) and Bonny Gas Transport Limited ( BGT). The Minister of State for Petroleum Resources, Chief Timipre…
Deregulation: It was unrealistic to continue with the burden of subsidising PMS -Minister
The Minister of State for Petroleum Resources Chief Timipre Sylva says the deregulation of the downstream oil sector was to ensure economic growth and development of the country. Sylva made…
Nigeria backs idea to compensate for excessive oil output as OPEC, OPEC+ agree to extend oil cuts
The Federal Government has backed the idea of compensating for its excessive output in May and June, agreeing to make additional oil production cuts from July to September. Nigeria produced…
FG approves N2.9bn for water, fire service equipment for Odukpani Oil and Gas Park
The Federal Executive Council (FEC) presided over by President Muhammadu Buhari on Wednesday approved N2.9billion for the provision of water and fire service equipment in the National Oil and Gas…
NNPC to hands off refineries after rehabilitation –Kyari
NNPC GMD, Mele Kyari The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, says the corporation will not be involved in the management of the nation’s…
COVID-19 lock down: Buhari orders finance ministry to pay salaries, protect the poor, vulnerable
Minister of Finance, Budget and National Planning Hajiya Zainab Ahmed President Muhammadu Buhari on Thursday met with the Presidential Committee on the impact of the coronavirus on Nigeria’s economy,…