• PIC.-12.-FUEL-QUEUE-IN-ABUJA-660x330

    Concerns Over Speculations Of New Fuel Price Hike

    | Leave a comment

    The current debate on the need to further increase the pump price of petroleum product initiated by the one-day meeting of present Group Managing Director (GMD) of Nigerian National Petroleum Corporation (NNPC) with the former GMDs of the Corporation goes to prove the sensitive place of fuel in this economy. The meeting which was attended…

    Continue Reading ...
  • Ikeja Electricity Tackles Corruption, Unveils User-friendly Bill

    | Leave a comment

    As part of efforts to ensure efficient service delivery to its customers across its network, Nigeria’s largest electricity distribution company, Ikeja Electric, has cautioned customers against making cash payments to its staff. The head of Corporate Communications, Felix Ofulue, in a statement, noted that the company’s linesmen, engineers and technicians are not commissioned to receive…

    Continue Reading ...
  • oil-installation_01

    DPR Suspends Capital Oil, Others From Petrol Import

    | Leave a comment

    The Department of Petroleum Resources (DPR) has suspended for three months fuel import permit of Capital Oil Petroleum Limited, Sahara Petroleum and Folawiyo Petroleum in Lagos for profiteering. Other suspended companies are Samon Petroleum, Fynefield Petroleum, Calabar and Stalliionaire Petroleum Limited. The DPR said in a statement that the companies sold fuel above government regulated…

    Continue Reading ...
  • Odinkalu-nhrc

    Oil Production In Ondo Threatened – NHRC

    | Leave a comment

    The Nigerian Human Rights Community (NHRC) has alerted that arms build-up in Okitipupa, an Ilaje oil producing area of Ondo State could lead to oil production disruption. The group has therefore called on President Muhammadu Buhari to order a full scale investigation into violent killings, rape and arms build-up in the area. The NHRC at…

    Continue Reading ...
  • Oando

    Oando Boosts Naval Command With 1.3m Litres facility

    | Leave a comment

    As part of efforts aimed at improving operations of the Nigerian Navy in the waterways, the management of Oando Marketing Plc has donated 1.3 million litre fuel storage capacity tank to the Force. Speaking at the commissioning and handing over of the facility, The group managing director of the energy company, Mr Wale Tinubu, who…

    Continue Reading ...
  • Falling oil price

    Falling Oil Price: Seplat Bids For Afren

    | Leave a comment

    The consequence of the falling oil price is beginning to emerge as oil companies are looking to cut production cost. There are indications that mergers and acquisitions may become major consideration for players in the sector in 2015. Already, a British oil and gas group with operations in Africa and Iraq, Afren, has received what…

    Continue Reading ...
  • fbn_capital2

    FBN Insurance Urges Individuals, Corporate Organisations To Embrace Insurance

    | 5 Comments

    The management of the FBN Insurance Limited has counselled that insurance is only key instrument to reposition individuals and businesses in the event of any unfortunate eventuality. The company said that insurance should be embraced by high net-worth individuals, the political class, schools, religious organisations, professional bodies, etc, to sustain themselves when the unexpected occur….

    Continue Reading ...
  • buknering-crude-oil-theft-465x290_3

    JTF Seeks Speedy Trial Of Oil Thieves

    | 3 Comments

    Commander of Joint Task Force (JTF) in the Niger Delta, Major General, Emmanuel Atuwe, has said that speedy trial of suspected oil thieves would help in addressing the crime which is hurting the economy. Atuwe, who said this in Lagos at a conference organized by the National Association of Energy Correspondents (NAEC), vowed to keep…

    Continue Reading ...
  • nnpc logo2

    We Won’t Stop Oil Exploration In North – NNPC

    | Leave a comment

    The Nigerian National Petroleum Corporation (NNPC) through its subsidiary the National Petroleum Investment Management Services (NAPIMS) has said its search for oil in the Chad Basin would be intensified in line with the federal government’s commitment to boosting oil reserve and increase revenue earning. The company announced that seismic acquisition activities in the basin frontier…

    Continue Reading ...

Daily Columns