06 April 2017, Sweetcrude, Abuja – Barring any last-minute changes, the Senate Joint Committee on Petroleum (Upstream, Downstream, and Gas), will…
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“What happened, in simple language, is a rebalancing of the margins allowed and approved for stakeholders. So what the Petroleum Products Pricing Regulatory Agency, PPPRA, did was to take N1 from lightering expenses and add same to the bridging allowance. That is how we arrived at N7.20. Therefore, PMS remains at the ceiling of N145 per litre,” he said.
The bribe was allegedly meant to compromise electoral officers ahead of the 2015 general elections which the then ruling Peoples Democratic Party lost to the now ruling All Progressives Congress.
“Regardless of the international pricing of gas in dollars, Nigeria should price its own product in such a way that it will not be affected by International Monetary Fund, World Bank and Organisation of Petroleum Exporting Countries pricing template.”
Sam Ikeotuonye 05 April 2017, Sweetcrude, Lagos – Eland Oil and Gas Plc says it will commence work-over and side-track…
05 April 2017, Sweetcrude, Lagos – Nigeria Liquefied Natural Gas, NLNG’s, capital investment appreciated slightly by 1.98 per cent to…
The Petroleum Tanker Drivers, PTD, branch of the Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, on Monday, evening suspended their nationwide indefinite strike, following Federal Government’s approval of bridging cost allowance from N6.20 to N7.20.
Kunle Kalejaye 05 April 2017, Sweetcrude, Lagos – Five weeks after Shell Nigeria Exploration and Production Company, SNEPCo, shut down…
Kunle Kalejaye 05 April 2017, Sweetcrude, Lagos – The level of gas flaring in Nigeria has dropped to 10 per…
*Deloitte LLP resigns from audit function *Kaztec Engineering received over $80m Hector Igbikiowubo 05 April 2017, Sweetcrude, Lagos – Unexplained…
