DPR seals 3 stations, places 30 pumps on out-of-use
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DPR seals 3 stations, places 30 pumps on out-of-use

The Department of Petroleum Resources (DPR) on Wednesday sealed three petrol stations and placed 30 pumps on out-of-use in Awka, Anambra over infractions of under-dispensing. The clampdown on defaulting stations followed an ongoing surveillance in compliance with the standard operations guidelines by DPR in the state. Addressing newsmen in Awka, after the surveillance visit, Mr…

Aviation fuel scarcity: No need to panic, says MOMAN

Aviation fuel scarcity: No need to panic, says MOMAN

……. We have increased like loading activitie Fuel  The Major Oil Marketers Association of Nigeria (MOMAN) has urged airlines and air travellers not to panic over aviation fuel scarcity, as members have product in stock and increased distribution. Its Executive Secretary, Mr Clement Isong gave the assurance in an interactive session with the media on…

IPMAN partners CrowdForce to boost financial inclusion
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IPMAN partners CrowdForce to boost financial inclusion

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has partnered with CrowdForce, a financial services firm, to operate as mobile money agent to expand financial inclusion in the country. Mr Tomi Ayorinde, the Chief Executive Officer, CrowdForce said the partnership would help to boost IPMAN members’ businesses being mobile money agents. Ayorinde said this in…

Death toll rises to 6 in Niger petrol tanker explosion
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Death toll rises to 6 in Niger petrol tanker explosion

Alhaji Ahmed Inga, Director, Niger State Emergency Management Agency (NSEMA), says that three more victims of last Friday’s petrol tanker explosion at Diko junction on Abuja-Kaduna highway have died. He said on Tuesday in Minna that they died as a result of severe burns which they suffered from the explosion. Inga said that one of…

Egypt’s non-oil business activity slips back into contraction in Aug — PMI
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Egypt’s non-oil business activity slips back into contraction in Aug — PMI

Activity in Egypt’s non-oil private sector contracted in August after a marginal expansion the month before, a survey showed on Tuesday. The IHS Markit Egypt Purchasing Managers’ Index (PMI) for the non-oil private sector fell to 49.4 in August from 50.3 in July, dipping below the 50.0 threshold that separates growth from contraction. That was…

Piracy, oil theft: Navy deploys 14 warships, aircraft, troops
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Piracy, oil theft: Navy deploys 14 warships, aircraft, troops

The Nigerian Navy on Tuesday deployed troops on board 14 warships, including gunboats and aircrafts in a special military exercise code-named “Exercise Yangha Mi.” Rear Adm. David Adeniran, the Flag Officer Commanding Eastern Naval Command (ENC), Calabar, announced the deployment at the flag-off of the exercise in Onne, Rivers. Adeniran said that the three-day exercise…

Redeployment in NPDC is to drive reserve, production growth – Ewubare
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Redeployment in NPDC is to drive reserve, production growth – Ewubare

Mr Roland Ewubare, Chief Operating Officer, Upstream, Nigerian National Petroleum Corporation (NNPC), says the redeployment in the corporation’s upstream subsidiary is in line with efforts to achieve the targeted growth in the country’s oil reserve to 40 billion barrels. The upstream subsidiary, Nigerian Petroleum Developments Company (NPDC), was established in 1988 as a wholly owned…

Xenophobic Attacks: Nigeria recalls High Commissioner to South Africa

Xenophobic Attacks: Nigeria recalls High Commissioner to South Africa

IN a swift response to the Xenophobic attacks against Nigerians in South Africa, the Nigerian High commissioner to South Africa has been recalled for consultations Impeccable sources in the Presidency also confirmed the stepping down of its participation at the world economic forum to be hosted by South Africa. Similarly, the Nigerian Government insist on…