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Author Archives: admin

Nigerians May Spend N37.83 Billion on Fuel Quarterly

Nigerians may pay an increased sum of about N12.61bn every month for the purchase of petrol should the Federal Government implement the N212.61/litre price published by the Petroleum Products Pricing Regulatory Agency on Thursday night. Going by this, users of petrol across the country may need to pay as high as N37.83bn quarterly for the purchase of the commodity if ...

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Scrapping of PEF Will Ensure Full Deregulation – IPMAN

Independent Petroleum Marketers Association of Nigeria, IPMAN, has said that scrapping of Petroleum Equalization Fund (PEF) will ensure full deregulation. They therefore called on the Federal Government to scrap the management and Board of PEF, and in its place make the 21 petrol depots across the country functional and accessible to oil marketers. IPMAN National Publicity Officer, Elder Ukadike Chinedu ...

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Ogoni Clean-up: MOSOP Gives FG 14-day Ultimatum to Reverse Board Appointment

The Movement for the Survival of the Ogoni People (MOSOP) has rejected the newly constituted Governing Council and Board of Trustees of the Hydro-Carbon Pollution Remediation Project, saying it is lopsided and lacks credibility. MOSOP also issued a 14-day ultimatum to the President, Muhammadu Buhari to reverse the decision in order to enjoy the support of the Ogoni people in ...

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PPPRA Says No Increase in Pump Price of of Petrol

The Petroleum Products Pricing Regulatory Agency (PPPRA) has said that there is no increased in the pump price of Premium Motor Spirit (PMS) otherwise known as petrol. The Agency said that it’s attention has been drawn to speculations about the increased pump price of petrol. PPPRA in a statement said that the Guiding Prices posted on its website was only ...

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Financial Institutions Leveraging on 204 Million Subscriptions to Provide Financial Transactions – NCC Boss

…….by Ben Ndubuwa…… The Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC), Professor Umar Danbatta, has expressed delight that the number of active telephone lines being used by Nigerians has significantly increased from about 400,000 in 2001 to over 204 million as of December 2021 and this has made it possible for financial institutions and mobile money operators ...

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Signature Bonus: DPR May Weed Out Firms with Weak Financial Muscles After 45 Days Notice

………by Abisoye Shola…….. There are strong indications that out of the 161 shortlisted companies for the 57 marginal fields only companies with, aside from the technical capacities among others but with strong financial muscles to pay their signature bonus in dollars equivalent within the 45 days notice will likely win the final bid rounds. Though the Department of Petroleum Resources ...

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NLNG Bags NGA’s Gas Company of The Year Award

Nigeria LNG Limited (NLNG) won the Gas Company of The Year Award at the recently concluded 12th Nigerian Gas Association (NGA) Biennial International Conference and Awards Event. NLNG was recognised for outstanding contributions to the gas industry in Nigeria. This is coming on the heels of the World LNG Summit and Awards in December 2020, where NLNG was adjudged to ...

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Petrol to Sell for N212.16 Per Litre – PPPRA

The Petroleum Products Pricing Regulatory Agency has revealed in a new monthly template that the price of Premium Motor Spirit, also known as petrol, has reached N212.6 per litre. According to the template which the PPPRA released midnight, petrol is expected to sell at a lower retail price of N209.61 and at an upper retail price of N212.61. Nigerian marketers ...

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DPR Assures Availability of Petroleum Products in Warri During Easter

The Department of Petroleum Resources (DPR) has assured availability of petroleum products to last throughout the Easter season and beyond in Warri and environs. Mr Antai Asuquo, Operations Controller, DPR, Warri Zonal Office gave the assurance in an interview on Wednesday in Warri. The Easter celebration falls between April 2 and April 5. Asoquo said “The current situation as regards ...

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Seplat Sets to Deploy Resources in Delivering Sustainable Value for Stakeholders

…..by James Ikenna…..,. ……. gets regulator, investors commendation on strides….. Seplat Petroleum Development Company Plc (“Seplat” or the “Company”), a leading Nigerian independent energy company listed on both the Nigerian Stock Exchange (NSE) and the London Stock Exchange (LSE), is strongly committed to deploying resources and expertise to create and deliver sustainable value to meet the expectations of its various ...

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