Fuel pomp price, transport fare rise in Anambra as Imo-PTD faceoff lingers

The petroleum pomp price, Tuesday, skyrocketed in some parts of Anambra State as a result of the face-off between the Petroleum Tanker Drivers (PTD) and Imo state government. Whirlwindnews.com.ng reports that different petrol stations in Awka, the state capital, Onitsha and Nnewi as at press time jerked the price of petrol from...... read more


BREAKING: Mamman, sacked Buhari's Minister collapses, rushed to Abuja hospital

Immediate past minister of Power, Saleh Mamman, has reportedly collapsed in Abuja. He was said to have been rushed to a hospital on Wednesday immediately. According to an online medium, Peoples Gazzate, the former Minister collapsed after he was told that President Muhammadu Buhari had sacked him. Mr Mamman served as...... read more


Why smuggling persists in Nigeria - Customs CG

The Comptroller - General of Nigeria Customs Service , Rtd Colonel Hameed Ali, stunned Nigerians Wednesday by declaring that bad governance fuels smuggling in the country. This is even as the Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, said subsidy on pump price of petroleum...... read more


BREAKING: Nigerians to pay more for electricity as NERC begins another increased tariff plan Sept 1

The Nigerian Electricity Regulatory Commission (NERC) has directed the 11 Electricity Distribution Companies (DisCos) to increase their tariff effect from 1st September 2021. According to a document cited by The Nation, the NERC has given the energy distributors the leverage to charge a service-based tariff in its letter titled “Tariff Increase...... read more


NNPC raked in N287 billion profit after tax in 2020 - Buhari

President Muhammadu Buhari Thursday disclosed the net profit of the country’s oil and gas giant, Nigerian National Petroleum Corporation (NNPC), for the first time in the 44-year history of the establishment of the agency.   The President, who doubles as the Minister of Petroleum Resources, said NNPC made a N287 billion...... read more


In Nigeria, COVID-19 cases rise to 1,064 within 24 hours

Nigeria on Saturday recorded 1,064 COVID-19 cases, the Nigerian Centre for Disease Control (NCDC) has revealed. Also, 13 new deaths were reported on the same day. The figures represent a sharp increase from the 304 cases posted on Friday. However, the NCDC revealed that the rise in cases was as a...... read more


FAAC: FG, states, LGs share over N760bn in July

The Federation Accounts Allocation Committee (FAAC) has shared a total of N760.717bn July 2021 revenue to the Federal, States and Local Governments Councils.   This was contained in a communiqué issued at the end of the virtual meeting of FAAC for August 2021. The N760.717bn total distributable revenue comprised distributable statutory...... read more


Amidst public outcry, Buhari approves review of grazing reserves in 25 states

President Muhammadu Buhari has approved recommendations of a committee to review “with dispatch,” 368 grazing sites, across 25 states in the country, “to determine the levels of encroachment.” The President’s directive followed his approval of the recommendations of a committee chaired by the Chief of Staff to the President, Prof. Ibrahim...... read more


BREAKING: Sylva heads Petroleum Industry Act committee as Buhari rolls out implementation timeline

President Muhammadu Buhari has announced a steering committee that will work out measures for implementation of the newly signed Petroleum Industry Act (PIA). The committee headed by the Honourable Minister of State, Petroleum Resources, Timipre Sylva, has 12 months to submit its report. Permanent Secretary, Ministry of Petroleum Resources, Group Managing...... read more


BREAKING: Buhari signs Petroleum Industry Bill 2021 into law

President Muhammadu Buhari has signed the Petroleum Industry Bill (PIB) 2021 into law.   Working from home in five days quarantine as required by the Presidential Steering Committee on COVID-19 after returning from London on Friday August 13, the President assented to the Bill Monday August 16, in his determination to...... read more


Toll gates return as FG announces policy, payment options for vehicles, trucks

The federal government has announced its readiness to bring back toll collection scrapped by former President Olusegun Obasanjo in 2004. According to Minister of Works and Housing Babatunde Fashola, the toll collection will be federal dual carriage roads and will not start immediately. He said the Federal Executive Council (FEC) gave...... read more


Oil spillage: Court orders Shell to pay Ogoni people N45.9bn compensation

    After defying court orders for 10 years, Shell Petroleum Company (SPC), one of the International Oil Companies (IOC) operating in the Niger Delta, has accepted to pay a N45.9bn compensation over oil spillage that ravaged communities in Ogoniland between 2008 and 2009. The judgment was delivered on Wednesday by...... read more


BREAKING: Ban on Twitter 'll soon be lifted - FG

Nigerians will soom return to micro blogging platform, Twitter, after the federal government assured that the ban on the social media operations will soon be lifted. Minister of Information and Culture, Alhaji Lai Mohammed, gave this the assurance after the week’s virtual Federal Executive Council (FEC) meeting presided over by Vice...... read more


BREAKING: 'Police harassment' forces IPMAN to shut down Calabar depot, fuel scarcity looms

The Independent Petroleum  Marketers Association of Nigeria (IPMAN), late Tuesday, shut down its operation in Calabar depot over what they described as incessant harassment of its members by the Police. IPMAN chairman in Cross River, Mr. Robert Obi, who spoke on behalf of the petroleum marketers, said his members were withdrawing...... read more


Naira may hit N600/$ soon, currency traders warn

Currency dealers have warned that the Naira exchange rate to the Dollar could rise to as much as N600 to a Dollar following the Central Bank of Nigeria (CBN) decision to halt the sale of dollars to Bureau de Change (BDC) operators. Governor of the CBN, Godwin Emefiele, surprised journalists at...... read more


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