NNPC Ltd: Minister gives details of emerging equity holding
August 20, 2021 The Minister of State for Petroleum Corporation, Chief Timipre Sylva, says the Federal Government will hold equity stake in trust for the federation in the proposed NNPC…
PIA: No jobs will be lost, more jobs will be created in these sector – Sylva
August 19, 2021 The Minister of State for Petroleum Resources, Mr Timipre Sylva has assured that no job will be lost in the nation’s petroleum sector following the signing of…
PIA: Buhari Approves Implementation Committee
August 18, 2021 President Muhammadu Buhari has approved a steering committee to immediately oversee the implementation of the Petroleum Industry Act in 12 months. The committee is headed by the…
Oil accounts for 10% GDP, 86% export earnings as Nigeria produces 1. 5 mbpd – Sylva
Aug. 9, 2021 Minister of Petroleum Resources, Chief Timipre Sylva, says the oil and gas sector accounts for about 10 per cent of Nigeria’s Gross Domestic Product (GDP). Sylva added…
FG lists criteria for investors to access N250bn gas intervention fund, receives 27 applications
Aug. 8, 2021 The Federal Government says investors must meet seven criteria to access the N250 billion intervention fund for gas value chain businesses. Ms Brenda Attaga, Technical Adviser to…
No Date Yet For Removal of Fuel Subsidy, We’re Trying to Create Cheaper Alternative – Petroleum Ministry
August 6, 2021 The Minister of State for Petroleum, Timipre Sylva, has said that there is currently no set date for petrol subsidy removal. Mr. Sylva said this on Thursday,…
We inherited an economy that was already broken – Timipre Sylva
August 6, 2021 The Minister of State for Petroleum Resources, Mr. Timipre Sylva, has defended the handling of the nation’s economy by the Muhammadu Buhari administration. Responding to questions about…
We believe we should get the refineries working before deciding whether to sell or privatise – Minister
August 6, 2021 The Federal Government has admitted that it is not in the best position to manage the nation’s refineries. Minister of State for Petroleum Resources, Timipre Sylva, stated…
Warri, Kaduna Refineries: FG approves $2.76 bn acquisition of 20% minority stake by NNPC, $1.4bn for rehabilitation
August 5, 2021 The Federal Executive Council has approved the $2.76 billion acquisition of 20 percent minority stake by the NNPC in Dangote Petroleum and Petrochemical Refinery. This is coming…
PIB: Fmr Gov. Dickson’s statement capable of instigating violence, civil unrest in N/ Delta – Senator
July 23, 2021 Sen. Biobarakuma Degi-Eremienyo (APC – Bayelsa East) has urged Niger Delta senators not to instigate violence in the region by making malicious and unfounded statements over the…