Fuel Scarcity: NMDPRA Assures Nigerians of Stable Supply The Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says the queues at filling stations will soon disappear as marketers commence massive loading of petroleum products. Mr. Ahmed Farouk, Chief Executive of NMDPRA, gave the assurance during a stock monitoring exercise within depots in Lagos on Wednesday….
NCDMB boss explains role of NCCF, even as industry chiefs hail Board for accomplishments Indigenous operators and service companies in the oil and gas industry have been advised to identify with appropriate Sectoral Working Groups under the Nigerian Content Consultative Forum (NCCF) to be able to receive adequate attention on operational difficulties of whatever nature….
NMDPRA Assures of Petroleum Products in Rivers The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it is putting measures in place to ensure Rivers people don’t experience petroleum products scarcity especially in this yuletide. Field Coordinator of NMDPRA, Port Harcourt Office, Tubo-Alabo Lionel, gave the assurance shortly after inspection around Petroleum depots in…
CBN Limits Cash Withdrawals to N100, 000 per week … ATM Transactions restricted to N20, 000 weekly The Central Bank of Nigeria has imposed a limit on cash withdrawals in the country, a move to promote its cashless policy. The CBN has restricted over the counter cash withdrawals for individuals to N100,000 weekly and N500,000…
Nigeria may meet 1.8mbpd OPEC Quota in 2023- Sylva Nigeria is working towards meeting its Organisation of Petroleum Exporting Countries (OPEC) crude oil production quota of 1.8 million bpd by the end of May 2023, the Minister of State, Petroleum Resources, Timipre Sylva, has said The minister based his optimism on the fact that the…
Oil Prices Fall on Higher U.S. Dollar, Economic Fears Oil prices fell in a volatile market on Tuesday, as a stronger U.S. dollar and economic uncertainty offset the bullish impact of a price cap placed on Russian oil and prospects of a demand boost in China. Brent crude futures fell 90 cents, or $1.09%, to…
OPENING KEYNOTE ADDRESS DELIVERED BY THE EXECUTIVE SECRETARY, NIGERIAN CONTENT DEVELOPMENT AND MONITORING BOARD (NCDMB) AT THE 11TH EDITION OF THE PRACTICAL NIGERIAN CONTENT (PNC) FORUM Theme: Deepening Nigerian Content Opportunities in the Decade of Gas It is my great honor and privilege to deliver this Welcome Keynote Address to you all at this 11th…
I will Privatise Refineries to Raise $10bn- Atiku The presidential candidate of the Peoples Democratic Party, (PDP), Atiku Abubakar, has said that he would privatise three of Nigeria’s refineries to raise $10 billion to enable him to empower small and medium-scale businesses in the country. Atiku, who stated this while addressing a campaign rally in…
Bauchi, Gombe Fight over New Oil Wells The newly discovered Kolmani Oil and Gas field may soon become a reason for worry in the Northern region of the country, as Bauchi and its neighbouring Gombe States have started laying claims to the ownership of the oil wells. This comes barely two weeks after President Muhammadu…
Reps Committee Relocates to Lagos for Probe over NPA Debt The Public Accounts Committee of the House of Representatives said it is temporarily relocating to Lagos to launch investigation into an alleged indebtedness to the Nigeria Ports Authority (NPA). The Committee Chairman, Wole Oke, who made the disclosure, said the idea of temporary relocation was…
