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The Federal Government says it is offering a discount on petrol dispensed by the Nigerian National Petroleum Company Limited (NNPCL) for the next 30 days as part of a fresh package of measures to cushion the impact of high fuel prices on Nigerians and stabilise pump prices. The Minister of Finance and Coordinating Minister of…
The Nigeria Labour Congress has condemned the latest increase in the price of Premium Motor Spirit, popularly known as petrol, describing it as “avoidable and unacceptable” and questioning why the Federal Government has not done more to ensure that the Dangote Petroleum Refinery gets adequate supplies of Nigerian crude. The acting General Secretary of the…
Edo State Governor, Monday Okpebholo has charged the new leadership of the state House of Assembly to embrace humility, unity, transparency and teamwork, urging lawmakers to put aside personal differences and focus on serving the people. The governor gave the charge when he received the newly elected speaker, Prince Yekini Oisayemoje Idaiye, who represents Akoko-Edo…
Minister of State for Petroleum Resources, Sen. Heineken Lokpobiri, has directed petroleum marketers to immediately reflect the recent decline in global oil prices by reducing the pump prices of Premium Motor Spirit (PMS) and other petroleum products. Lokpobiri gave the directive at the 2026 Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) General Counsel and…
President Bola Tinubu has asked the Senate to confirm new chief executives for the Nigerian Midstream and Downstream Petroleum Regulatory Authority and the Nigerian Upstream Petroleum Regulatory Commission following the resignation of the current heads of the agencies. The President’s request was contained in separate letters to the Senate on Wednesday. Farouk Ahmed resigned as…
By Israel Adebiyi Penkelemesi traces its roots to Adegoke Adelabu, the colourful Nigerian politician of the 1950s renowned for his sharp wit and powerful oratory. During a heated debate in the Western Region House of Assembly, Adelabu reportedly described the political opposition as a “peculiar mess.” To many in his largely non-literate audience, the phrase…
The House of Representatives Joint Committee on Petroleum Resources has invited Dangote Refinery and the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, to resolve disagreements threatening the downstream petroleum sector. Chairman Ikenga Ugochinyere said after an emergency Abuja meeting on Monday that rising tensions could undermine the fragile stability recently achieved. He said the…
By Uko Etim Environmental experts have raised serious concerns over the dangers posed by abandoned, non-decommissioned oil wells scattered across the Niger Delta, describing them as “ticking time bombs” capable of triggering large-scale environmental and public health crises. The warning came during a two-day School of Ecology workshop organised by the Health of Mother Earth…
The Presidency is planning to restructure asset ownership in the Nigerian National Petroleum Company Limited amid concerns over what it called its low oil production. The Special Adviser to the President on Energy, Olu Verheijen, made this known on Monday at the ongoing Nigerian Association of Petroleum Explorationists Conference in Lagos. Verheijen outlined a bold…
Following the successful execution of the Memorandum of Understanding (MoU) between Backbone Infrastructure Ltd and the Ondo State Government, through the Ondo State Investment Promotion Agency (ONDIPA), for the construction of a 500,000 barrels-per-day refinery and the development of a 1,471-hectare Sunshine Free Trade Zone in the Ilaje area of Ondo State in July, Backbone…