DPR Revokes 32 Refinery Licenses As Dangote Refinery Reaches 80% Completion

BusinessInvestingOil & GasDPR Revokes 32 Refinery Licenses As Dangote Refinery Reaches 80% Completion

Bada Yusuf Amoo (Correspondent)April 13, 2021

The Department of Petroleum Resources (DPR) has disclosed that 32 refinery project licenses issued to private investors in the country have become invalid in the past three years. According to the DPR, the numbers of valid refinery project licenses presently in the country are 23 as of March 2021, from the 44 in April 2018. Analysis of the agency’s new list of valid refinery project licenses and that of April 2018 revealed that 32 licenses...

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Oil Prices Fall As US Gasoline Stocks Surges

BusinessNewsOil & GasOil Prices Fall As US Gasoline Stocks Surges

Beloved John (Staff Writer)April 8, 2021

The prices of crude oil dropped after official figures showed a significant rise in the gasoline inventories of the United States. The price of Brent crude, the grade at which Nigeria’s crude oil is benchmarked, decreased by 0.41 percent and stood at $62.89 a barrel as of Thursday afternoon. The US West Texas Intermediate (WTI) crude also declined by 0.65 percent, to $59.38 a barrel. The U.S. Energy Information Administration (EIA)  had earlier mentioned that...

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1.5bn For Port Harcourt Refinery Rehabilitation Too Outrageous – Reps Caucus

BusinessNewsOil & Gas1.5bn For Port Harcourt Refinery Rehabilitation Too Outrageous – Reps Caucus

Bada Yusuf Amoo (Correspondent)April 1, 2021

The House of Representatives minority caucus has condemned the $1.5bn approval for the rehabilitation of the Port Harcourt refinery, describing the figure as ‘outrageous and heavily inflated’. The lawmakers, there, called for an immediate review of the cost. In a statement issued by the minority leader of the Green Chamber, Ndudi Elumelu, on Tuesday, disclosed that the caucus reached the conclusion after a thorough evaluation of the proposal. The statement was titled, ‘Reps Minority Caucus...

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How I Featured Adeboye In My New Song – Tim Godfrey

BusinessEntertainmentMusicHow I Featured Adeboye In My New Song – Tim Godfrey

Bada Yusuf Amoo (Correspondent)March 30, 2021

Popular gospel artiste, Tim Godfre, has revealed how he featured the General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye, in his new song. The Gospel singer revealed this during a listening event for his new music project. He said, “When Daddy GO travels, it is countries that host him. How did God show us so much favour? If God asks you to take a step, please jump; so long as...

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Bayelsa Govt. Suspends MoUs Between Oil Companies, Host Communities

BusinessNewsNigeriaOil & GasBayelsa Govt. Suspends MoUs Between Oil Companies, Host Communities

PilotnewsMarch 26, 2021

YENEGOA — The Bayelsa Government has announced the suspension of all agreements between international oil firms and their host communities across the state. Gov. Douye Diri’s announcement is contained in a statement by his Chief Press Secretary, Mr. Daniel Alabrah on Thursday in Yenagoa. The suspension is on the heels of an allegation by the Bayelsa government that Shell Petroleum Development Company (SPDC) was fueling crises and insecurity of its host communities in the Niger...

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No Increase in Petrol Price Till End of Labour Negotiations – NNPC

BusinessNewsNigeriaOil & GasNo Increase in Petrol Price Till End of Labour Negotiations – NNPC

Beloved John (Staff Writer)March 26, 2021

The current ex-depot price of premium motor spirit (PMS), will be maintained until the end of negotiations with organised labour according to the Nigeria National Petroleum Cooperation (NNPC). Kennie Obateru, group general manager, group public affairs division of NNPC, disclosed this in a statement on Friday. He indicated that NNPC will continue to bear the burden of petrol subsidy as the current price will be maintained at N162 until ongoing engagement with the organized labour...

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DPR Sealed 10 Filling Stations In Taraba State

BusinessOil & GasDPR Sealed 10 Filling Stations In Taraba State

Hassan Umar Shallpella (Regional Correspondent)March 24, 2021

The Controller, Taraba Field Operation’s Office of the Department of Petroleum Resources (DPR) Mr. Jeremiah Mashat has sealed ten filling stations in Jalingo, Taraba state. He said that the action was to ensure compliance and enforcement for selling the product at the government-approved price, insisted that Marketers must adhere to all regulations governing the downstream sector of the petroleum industry. “We are out to ensure that the public is not shortchanged in the consumption of...

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NiDCOM, NIPC Synergise on Diaspora Investment Incentives

BusinessInvestingNiDCOM, NIPC Synergise on Diaspora Investment Incentives

PilotnewsMarch 23, 2021

ABUJA — Mrs. Abike Dabiri-Erewa, Chairman, Nigerians in Diaspora Commission (NiDCOM) has emphasised the need for collaboration with the Nigerian Investment Promotion Commission (NIPC) on diaspora investment incentives. This is contained in a statement signed by Gabriel Odu, Media, Public Relations and Protocols Unit of NiDCOM on Tuesday in Abuja. Dabiri-Erewa noted that such collaboration “a necessary step toward for national development. She was quoted as speaking at a strategic meeting with the Executive Secretary...

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Ekiti Government Gives Farmers, Herders Extra Weeks for Registration

AgricultureBusinessNewsEkiti Government Gives Farmers, Herders Extra Weeks for Registration

Beloved John (Staff Writer)March 21, 2021

Another two weeks of space have been given to farmers and herders in Ekiti state to register under the state government. All farmers and herders in the state have been instructed or risk getting expelled from the state according to a statement issued by the Commissioner for Agriculture and Food Security, Olabode Adetoyi. The state had conducted a two-week registration of farmers and herders in February but not citizens under the stated categories seized the...

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Power Supply: CHRSJ to Lead Community Campaign Against IKEDC

BusinessNewsPowerPower Supply: CHRSJ to Lead Community Campaign Against IKEDC

PilotnewsMarch 18, 2021

A human rights organization, the Centre for Human Rights and Social Justice (CHRSJ) has concluded arrangement to lead the Lagos and Ogun State Communities on the campaign against the Ikeja Electricity Distribution Company (IKEDC) over non-restore of electricity back to some communities in the two States for a period of time now. They have also reiterated in the campaign that some offices of the IKEDC would be picketed after the expiration of 21- day ultimatum...

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