Local News
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85Marketers Project ₦800/Litre as Imported Petrol’s Cost Drops
The price war in the downstream oil sector intensified on Tuesday as major oil marketers moved to offer a lower price against...
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98House Committee to Enforce Strict Oversight, Accountability in SEDC ₦250b Budgetary Allocation
The House of Representatives Committee on South East Development Commission (SEDC) has assured Nigerians that it would ensure accountability and transparency in...
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90Minister Gives Cement Manufacturers One Week Ultimatum to Stabilise Price at ₦7000
Minister of Works, Engineer Nweze Dave Umahi has called on the cement manufacturers to bring down the cost of their product to...
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103FG, Tanker Drivers Split Over 60,000 Truck Ban Enforcement
Despite a public announcement that trucks transporting more than 60,000 litres of hydrocarbon products would be prohibited from loading at depots and...
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75NCDMB Acquires 20% Equity in 100bpd Refinery
The Nigerian Content Development and Monitoring Board (NCDMB) has sealed a deal to acquire 20 per cent equity in a 100,000 barrels per...
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92
FEC Approves ₦660b for 14 Road Projects Across Nigeria
The Federal Executive Council (FEC) has approved the rehabilitation and construction of 14 road projects across Nigeria worth N660.26 billion. David Umahi,...
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141REA Boosts Off-Grid Power Supply, Inaugurates 440kWp Mini-grid in C’River
The Rural Electrification Agency (REA) yesterday commissioned a 440kWp interconnected mini-grid in Etomi, Agbokim, Abia, and Bendeghe communities, Etung Local Government Area,...
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70
Gencos Lament ₦4.7tr Debt as Power Generation Hits 5,713MW
As Nigeria’s power sector witnessed a rise in electricity generation, the companies behind power production have condemned the Federal Government’s failure to...
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86FG, NNPCL Work Out ₦7.7tr Fuel Subsidy Debt Payment
The Federal Government’s indebtedness to the Nigerian National Petroleum Company Limited as exchange rate differential (subsidy) for the importation of Premium Motor...
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84
House C’ttee Gives 72-hour Ultimatum to Eight Oil Companies Over ₦9.4tr Unremitted Royalties
The House of Representatives Committee on Public Accounts has given a 72-hour ultimatum to eight oil companies to appear before it and...
