Following the directive of the Federal Government that it reduce the price of Premium Motor Spirit, also known as petrol, the Petroleum Products Pricing Regulatory Agency, PPPRA, yesterday, announced N125 per litre as the new price of the commodity, effective March 19, 2020.

With this fund, do you think indigenous operators can now handle major projects in the industry Even before the funds, Nigerian companies have really developed their capacity and are doing heavy duty projects. For example, before the advent of the law itself, all fabrication works were done outside the country. But between now and then, […]

Governor Ifeanyi Okowa of Delta State, has expressed doubts over monies the Nigeria National Petroleum Corporation, NNPC, paying into the Federation Account, saying that most times, the states were not comfortable with figures being bandied by NNPC and Federal Government.

The Nigerian National Petroleum Corporation, NNPC, Sunday, blamed the  explosion that occurred at the Abule-Ado Area of Lagos State, in the early hours of Sunday, on a gas  explosion which occurred after a truck hit some gas cylinders stacked in a gas processing plant located near the corporation’s system 2B Pipeline Right of Way.

…CBN to fund local drugs production, specialist hospitals Emma Ujah, Abuja Bureau Chief Faced with global oil price crash, the Group Managing Director (GMD) Mr. Mele Kyari has alerted the nation of the consequences, asking Nigerians to prepare for trouble. Oil prices have fallen to about $32 per barrel while Nigeria’s federal government 2020 budget […]