The Senate on Tuesday confirmed the nomination of Dr. Zacch Adedeji as the Chairman of the Federal Inland Revenue Service (FIRS). Adedeji, who appeared at the upper chamber for screening elaborately spoke on his plans to improve the nation’s revenue, referring to the dearth of information in the oil and gas sector. While lamenting the […]
The Nigerian National Petroleum Company Limited (NNPCL) has reported 144 crude oil theft incidents in seven days. The company, in a statement on the incidents issued on Tuesday, indicated that the incidents recorded between October 21 and 27 happened in various locations, including Tori and Ogborode in Delta; Olodiama, Oporomor IV, and West Boma both in […]
Ogun State Governor, Prince Dapo Abiodun, on Monday said the introduction of Compressed Natural Gas (CNG) mass transit buses in the country will revolutionize the entire transport sector and reduce the hardship being experienced by Nigerians following the recent removal of fuel subsidy by the Federal Government. The governor made this remark during the unveiling […]
The Head of Property & Casualty Reinsurance SID at Swiss Re, Victor Kuk, has highlighted the escalating crisis of natural catastrophes in Asia, with over 30% of the global nat cat events in 2022 occurring in the continent, causing staggering economic losses. The industry expert was quoted by Reinsurance News during an interview as expressing […]
The Federal Government is projecting to attract over $ 2 billion in investment into the Nigerian economy and create more than 250 employment opportunities for different professionals through the Presidential Compressed Natural Gas Initiative (P-CNGi). The Chief Executive Officer, P-CNGi, Engr. Micheal Oluwagbemi, disclosed this at the weekend during the official commissioning of CNG conversion […]
The International Energy Agency (IEA) has projected that fossil fuels’ share in global energy supply would drop to 73% by 2030 and carbon dioxide emissions peaking by 2025 despite the fact that global oil demand would peak this decade at about 102 million barrels per day (mbd) for two more decades. The agency, in its […]
Users of Liquefied Petroleum Gas (cooking gas) in the country paid higher for the commodity in September when compared to the prices they paid in the preceding month, the National Bureau of Statistics (NBS), has reported. The statistics agency, in its ‘September 2023 Liquefied Petroleum Gas (LPG) Price Watch’ report published on Thursday, disclosed that […]
The European Union (EU) has granted the Nigerian Nuclear Regulatory Authority (NNRA) €1 million for the implementation of an international nuclear safety cooperation project for the safe management of radioactive wastes in Nigeria. A news broadcast by Arise TV quoted the authority’s Director-General, Dr. Yau Usman Idris, as confirming the grant following the confirmation by […]
…..As consumers pay 4.27% higher for diesel M-o-M Motorists and other fuel users in the country bought fuel at an average retail price of N626.21 per litre in September, indicating a 226.75% increase when compared to the value of the product in the corresponding month of last year. However, the Premium Motor Spirit (Petrol) Price […]
The Nigerian National Petroleum Company Limited (NNPCL) has assured motorists and other fuel users in the country of adequate product to meet their demands amid resurgence of queues in filing stations in major cities nationwide. While advising motorists and other users of the commodity not to engage in panic buying, the company attributed the recent […]