Abia, Kebbi, Kwara Residents Pay Highest for Petrol in November – NBS

BusinessNewsOil & GasAbia, Kebbi, Kwara Residents Pay Highest for Petrol in November – NBS

PilotnewsDecember 17, 2020

The National Bureau of Statistics (NBS) says Abia, Kebbi and Kwara residents paid the highest amount for petrol (Premium Motor Spirit) in the country in November. The bureau stated this in its “Premium Motor Spirit (Petrol) Price Watch” publication for November and released on its website on Thursday in Abuja. According to NBS, Abia residents paid N178.70 per litre for the product while Kebbi residents paid N174.76 and Kwara residents N172.33. It, however, stated that...

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Yuletide: DPR Warns Against Panic Buying, Hoarding of Petroleum Products

BusinessNewsNigeriaOil & GasYuletide: DPR Warns Against Panic Buying, Hoarding of Petroleum Products

PilotnewsDecember 17, 2020

The Department of Petroleum Resources (DPR), Osogbo Field Office, has warned residents of the state against panic buying, hoarding and storing of petroleum products at home during the Yuletide period. Mr Benjamin Ogunnubi, the DPR Operations Controller in Osun, gave the warning in an interview with the News Agency Nigeria (NAN) on Thursday in Osogbo. Ogunnubi said there was no cause for panic buying, as the Federal Government had made adequate provision for availability of...

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Military Dismantles Illegal Refineries in Rivers, Delta – DHQ

Crime & SecurityNewsNigeriaOil & GasMilitary Dismantles Illegal Refineries in Rivers, Delta – DHQ

PilotnewsDecember 16, 2020

The Defence Headquarters says troops of Operation Delta Safe have dismantled several illegal refineries and impounded large quantities of stolen products in Rivers and Delta within two weeks. The Coordinator, Defence Media Operation, Maj.-Gen. John Enenche, announced this while giving update on the military operations across the country on Wednesday in Abuja. Enenche said that the Armed Forces of Nigeria in conjunction with other security agencies recorded huge successes while carrying out comprehensive anti-illegal refinery...

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President Buhari Fires Pondei, Appoints Affiong Akwa Interim Sole Administrator For NDDC

CorruptionNewsNigeriaOil & GasPresident Buhari Fires Pondei, Appoints Affiong Akwa Interim Sole Administrator For NDDC

Beloved John (Staff Writer)December 13, 2020

Mired in continuous scandals the leadership of the Niger Delta Development Development Commission (NDDC), once again, has been replaced by President Muhammadu Buhari who appointed an interim sole administrator to oversee the NDDC. Effiong Okon Akwa who has been acting as the Executive Director, Finance and Administration of the Commission was appointed as the sole administrator to oversee the Commission till the completion of the forensic audit. Akwa is also a Fellow of the Institute...

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FG Announces Reduction of Petrol Price to ₦162.44 Per Liter

BusinessNewsNigeriaOil & GasFG Announces Reduction of Petrol Price to ₦162.44 Per Liter

Bada Yusuf Amoo (Correspondent)December 8, 2020

The Federal Government has announced a reduction in the pump price of premium motor spirit, also known as petrol, from ₦168 to ₦162.44 per liter with effect from December 14. This was disclosed by the Minister of Labor and Employment, Dr. Chris Ngige, after a meeting with labor leaders which began around 9pm on Monday and ended at 1:30am on Tuesday. The product is presently dispensed at ₦168, following the decision of the Petroleum Products...

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Nigeria’s Gas Programme to Create 2m Jobs Annually – Minister

JobsNewsNigeriaOil & GasNigeria’s Gas Programme to Create 2m Jobs Annually – Minister

PilotnewsDecember 1, 2020

The Minister of State for Petroleum Resources, Chief Timipre Sylva, says the National Gas Expansion Programme (NGEP) of the Federal Government will create two million jobs annually in the country. Sylva disclosed this at the inauguration of the programme by President Muhammadu Buhari in Abuja on Tuesday. He said the introduction of gas for the powering of automobiles and other engines was a step in the right direction, adding it remained a cheaper and cleaner...

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Pump Price May Drop to N160 Per Litre As Negotiations With FG Continues

BusinessNewsOil & GasPump Price May Drop to N160 Per Litre As Negotiations With FG Continues

Beloved John (Staff Writer)November 28, 2020

Pressure from the organised Labour on the Federal Government to reverse the pump price of Premium Motor Spirit (PMS) back to N160 per litre seems to be yielding a positive result. At the end of the resumed negotiations between government and the labour movement yesterday night, the Federal Government indicated willingness to consult widely with the view to reviewing the price downward, saying it might unveil the new price at the resumed meeting slated for...

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Buhari to Roll Out Autogas Scheme Dec. 1 — NGEP Chairman

BusinessNewsNigeriaOil & GasBuhari to Roll Out Autogas Scheme Dec. 1 — NGEP Chairman

PilotnewsNovember 28, 2020

President Muhammadu Buhari will on Dec. 1 roll out the autogas scheme in Abuja as the Federal Government moves to create alternative fuel for automobiles and other prime movers in Nigeria. The News Agency of Nigeria (NAN) reports that Dr Mohammed Ibrahim,  Chairman, National Gas Expansion Programme (NGEP), made the announcement at a meeting with media stakeholders on Saturday in Lagos. Ibrahim said the autogas scheme and deepening domestic utilisation of Liquefied Petroleum Gas (LPG)...

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DPR Threatens To Shut Down Illegal Gas Plant Operators in Adamawa As Only 8 Got Licence

BusinessNewsOil & GasDPR Threatens To Shut Down Illegal Gas Plant Operators in Adamawa As Only 8 Got Licence

Ibrahim Abdul' Aziz (Correspondent)November 27, 2020

By Ibrahim Abdul’Aziz, Regional Correspondent The Department of Petroleum Resources (DPR) has threatened to shutdown of illegal  Liquefied Petroleum Gas (LPG) plants in Adamawa,  saying that ” only eight (8)  LPG operators got license as all others are engaging in illegal operations.” The disclosure was made by the state  Operations Controller Adamawa , DPR, Mr Sadiq Ibraheem Danjuma , during a sensitization meeting  with the LPG  Refilling  Plant  Operators  organized by the agency. This is...

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We Deliberately Shut Down Refineries — NNPC GMD

NewsNigeriaOil & GasWe Deliberately Shut Down Refineries — NNPC GMD

PilotnewsNovember 27, 2020

The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mr. Mele Kyari, says the corporation deliberately shut down the nation’s refineries because they no longer make sense to be operated. The GMD disclosed this when he appeared before the House of Representatives Committee on Petroleum Upstream on Thursday in Abuja. He said that the NNPC was unable to supply crude oil to the refineries adding that it was only excravos pipeline which the NNPC...

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