Oil Prices Hit $49 Per Barrel
A slowdown of oil drilling by American shale oil producers helped to move oil prices to $49 a barrel in Monday trading, a good news for oil exporters such as Nigeria….
Business
Power Sector: Blame States For Equity Sales’ Delay – BPE
The Director-General of the Bureau of Public Enterprises (BPE), Mr. Alex Okoh, has blamed some state governments for the evident delay in Federal Government’s 10 percent equity shareholding allocation to…
Cross Riverians Groan Under New Petroleum Tax Regime
…As State Celebrates 50th Anniversary BY UBON EKANEM, CALABAR – A major crisis is threatening the grand finale of Cross River State’s Golden Jubilee celebrations on…
Crazy Bills: Experts Blast NERC For Aiding EEDC
BY RAPHAEL ONYEKACHUKWU, ENUGU – Professionals and stakeholders at the three-day public hearing on the Enugu Electricity Distribution Company (EEDC) crisis with their consumers in Enugu state has blasted the…
NNPC Assures of 2020 Gas Flaring Deadline
BY COBHAM NSA, ABUJA – If assurances from the Nigerian National Petroleum Corporation (NNPC) are anything to go by, then the years of official mouthing about gas flaring stoppage in…
Repairs On Abuja Airport 40% Completed – FAAN/Julius Berger
The Federal Airport Authority of Nigeria (FAAN) and Julius Berger, the contractor handling the repair of Nnamdi Azikiwe International Airport, Abuja runway, have said that the work is 40 per…
Fresh Crisis Rocks Kaduna IPMAN
BY AMOS TAUNA (KADUNA) Fresh crisis has rocked the Independent Petroleum Marketers Association of Nigeria (IPMAN) in Kaduna State, following moves to conduct fresh election that has divided the association….
Flight Diversion: Train Terminal To Kaduna Airport Ready In March – Commissioner
From Amos Tauna, Kaduna Kaduna State Commissioner for Works, Housing and Transport, Hassan Mahmud Usman, has disclosed that the Rigasa train terminal link road to Kaduna International Airport being constructed…
Oil marketers lament $1bn debt to banks
Oil marketers under the aegis of the Independent Petroleum Products Importers have said they owe some Nigerian banks over $1bn used for the importation of petroleum products, with accumulated interest…
Nigeria oil, gas workers on strike over payment
Nigerian oil and gas workers have staged a walkout, claiming that they have not received payment. The industrial action on Tuesday affected at least 12 flow, compressor and pumping stations…