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……..by Ben Ndubuwa….. The Nigerian Labour Congress, on Monday, confirmed that it will no longer proceed with its nationwide strike planned for Wednesday. The decision was part of resolutions announced by the Speaker, House of Representatives, Femi Gbajabiamila and confirmed by the President of the Nigerian Labour Congress, Joe Ajaero, after a nearly six-hour meeting between the Federal Government and ...

Even though we are aware that engines need fuel to run, that does not mean you can’t make some small changes to help you gain some fuel savings. Keep tires pumped upTires that are underinflated have a higher rolling resistance on the road. This means that with every kilometer traveled, your tires generate more friction and rolling resistance, and hence, ...

ExxonMobil and Chevron could gain access to Algeria’s vast natural gas resources as the U.S. supermajors are in advanced talks for exploration and production deals in the North African country, The Wall Street Journal reported on Friday, quoting sources with knowledge of the talks and Algerian Energy Minister Mohamed Arkab. Algeria holds huge conventional natural gas reserves, and it is ...

……by Ben Ndubuwa….. The Meter Manufacturers and Assemblers Association of Nigeria (MMAAN) has commended the Federal Government over the inclusion of local meter manufacturers in the quest for economic development. MMAAN pointed out that in the recent report release with the titled “Buhari’s Footprints on the Sands of Time” stated that the nationwide rollout of electricity meters under the National ...

Prof. Wunmi Iledate, Professor Emeritus Omowumi Iledare, the Ghana National Petroleum Commission (GNPC) Chair of the University of Cape Coast (UCC), has said. NNPL recently released pricing framework, which looks to me like a dominant firm market behaviour. It is basically anticompetitive that is derived from a monopoly import market structure for PMS.. ” NNPCL is basically setting the price ...

The Nigerian National Petroleum Company Limited (NNPCL) said it has reviewed upward the pump prices of petrol (PMS).The NNPCL has also put price template for its retail outlets nationwide. In some outlets prices went up by over 200 per cent bringing the price of fuel to between N488 and N557 per litre, The NNPCL management sent out the new price ...

The House of Representatives Ad Hoc Committee on the State of Refineries in the Country has said the Federal Government spent a total sum of N11,349,583,186,313.40 from 2010 to date. The Chairman of the committee, Ganiyu Johnson, however, failed to convince the Deputy Speaker, Ahmed Wase, who chaired the Committee, to consider the report. Wase dismissed the recommendations by the ...

The Nigeria Extractive Industries Transparency Initiative (NEITI) has lauded the political will and sincerity of purpose demonstrated by President Bola Tinubu in removing fuel subsidy. A statement from NEITI House, Abuja on Tuesday, described the move as a positive move by the administration to decisively implement the findings and recommendations contained in the NEITI reports. The statement, signed by Mrs ...

A cross section of members of the Host Community Development Trusts, with leadership of The Shell Petroleum Development Company Limited, NNPC Upstream Investment Management Services (NUIMS) and Nigerian Upstream Petroleum Regulatory Commission (NUPRC) at the unveiling of eight HCDTs in Port Harcourt, Rivers State Eight Host Community Development Trusts (HCDTs) have been unveiled in Rivers State as NNPC/SPDC/TotalEnergies/NAOC Joint Venture ...

…….by Ben Ndubuwa…….The Major Oil Marketers Association of Nigeria (MOMAN) and Depot and Petroleum Marketers Association of Nigeria (DAPPMAN) applaud and endorse the pronouncement by President Bola Ahmed Tinubu, GCFR, on the phase-out of the petrol subsidy regime. Both industry players said they appreciate the clarity of policy from the Tinubu administration, a direction that signals a courageous and pragmatic ...