Banking. Revenue. TechnoBiz
The Nigerian National Petroleum Corporation (NNPC) and the Independent Petroleum Marketers Association of Nigeria (IPMAN) on Monday advised motorists and other fuel users in the country against panic buying as fuel queues resurfaced at the weekend to in Abuja and Lagos. Investigations by BRTNews.ng on the downstream market situation both in Lagos and Abuja showed […]
Delta Governor, Ifeanyi Okowa, on Monday said Nigeria’s hydrocarbon resources industry was losing substantial investments due to delay in the passage of Petroleum Industry Bill (PIB). Okowa made this remark when he received on courtesy visit, the Co-Chairman, National Assembly Joint Committee on Petroleum Industry Bill, Rt. Hon. Mohammed Monguno and members of the committee […]
Chevron, one of the world’s major hydrocarbon resources industry operators, on Thursday unveiled a $300 million fund focused on low-carbon technology, as most global oil and gas entities continue to intensify their investment drives in green energy and tackle climate change problems. Over the past few years, most major energy companies have set targets to […]
The President of the African Energy Chamber (AEC), NJ Ayuk, on Friday urged the Nigerian Government to fast-track the Legislature’s ongoing deliberations on the Petroleum Industry Bill 2020 and enact it in view of its positive implications for improved investments in the continent’s energy sector. Ayuk, in an opinion article titled ‘Africa needs Pragmatic Free […]
The Investment Committee of the African Energy Chamber (AEC) has concluded its second meeting since inauguration with the members unveiling a new agenda that will facilitate raising billions of US dollar investments for energy projects in Africa. A news report by the African Press Organisation(APO) Group distributed for the AEC indicated that the committee acknowledged […]
The Senate has issued an arrest warrant for the management of the Niger Delta Development Commission (NDDC) over failure by the members to appear before it over alleged N2.6 billion palliative fund misappropriation perpetration by them. The Chairman of the Senate Committee on Public Petition, Ethics and Privileges, Senator Ayo Akinyelure, gave the order after […]
President Muhammadu Buhari and the 36 states governors will on Thursday decide on a new petrol pump price at a meeting to be held at the Presidential Villa, Abuja. Minister of Labour and Employment, Senator Chris Ngige, who disclosed this on Sunday after a bipartite meeting at the Villa said the government had finished discussions […]
The African Energy Chamber’s Regulatory Affairs Committee has canvassed a three-point policy measure required for implementation by African governments to stimulate African energy sectors growth in spite of the COVID-19 pandemic ravages on various sectors of the continent’s economies. The recommendations derived from chamber’s Regulatory Committee’s first meeting of the year to discuss regulatory matters […]
There are strong indications that petrol pump price per litre and may be hiked within the next two weeks as the Federal Government is considering a 20 percent adjustment in the cost of freighting petrol across the country. The move, which is part of measures by the fiscal authorities to boost the revenue of transport […]
Oil prices slumped on Monday as Coronavirus cases surge continues to trigger tighter restrictions in Europe and China. However, some signals of growth in gross domestic product (GDP) and industrial production data from China helped to thaw the downward slide in oil prices to some extent. Available data on the early trading in the international […]