Petroleum

The Federal Government says the rehabilitation of the Port Harcourt refinery in Rivers State will not significantly add to the nation’s burden. A total of $1.5 billion has been proposed by the government to fund the project – a decision that has sparked controversy and debates in various parts of the country. In what seems […]

The Nigerian Government is yet to completely stop subsiding petroleum products in the country. This is according to the Minister of State for Petroleum Resources, Timipre Sylva, who was a guest on Channels Television’s Politics Today on Monday. According to the minister, President Muhammadu Buhari-administration has begun the process of deregulation of petroleum products. “We are still […]

The Nigeria Labour Congress (NLC) has demanded the immediate reversal of the pump price of Premium Motor Spirit (PMS), also known as petrol. In a statement on Monday by the NLC President, Ayuba Wabba, the union took a swipe at the government and condemned the increase in the price of the product. It stated that […]

The Federal Government has assured that there will be no scarcity of Petroleum Products during this yuletide. The assurance was given by top Federal government officials during a meeting in Abuja with stakeholders in the oil and gas sector. The meeting, which was held at the Presidential Villa, was chaired by the Chief of Staff […]

The Minister of State for Petroleum, Mr Timipre Sylva, says there is no plan for the President Muhammadu Buhari administration to remove subsidy on petroleum products. Sylva stated this on Thursday when he appeared before the National Assembly Joint Committee on Petroleum to defend the ministry’s budget. The Minister noted that rather than removing subsidy, […]