JUST IN: Petrol price falls to N125 from N145

The Federal Government has dropped the price of premium motor spirit otherwise known as petrol to N130 from N145. The reduction followed a presentation the Minister of State, Petroleum, Timipre Sylva, made to the Federal Executive Council on Wednesday. Aided by the spread of coronavirus, global crude oil price has fallen to $26, the leastContinue reading “JUST IN: Petrol price falls to N125 from N145”

National Assembly Pass bill to Amend (PSC) Act.

The National Assembly have passed a bill aimed to amend the petroleum production sharing contract (PSC) act. The bill which seeks to review the sharing formula to accrue more benefits for the federal government, was passed by the Senate Tuesday. It was resubmitted by President Muhammadu Buhari about two weeks ago after the past assemblyContinue reading “National Assembly Pass bill to Amend (PSC) Act.”

FG May Open Borders In January 2020

President Muhammadu Buhari has approved the extension of the closure of Nigeria’s border with neighbouring countries to January 31, next year. The exercise code-named operation Exercise Swift Response had resulted in joint border operations by a combined team of security agencies. The Deputy Comptroller of Customs in charge of Enforcement, Investigation and Inspectorate, Victor Dimka,Continue reading “FG May Open Borders In January 2020”

I Didn’t Steal A Dime From Nigeria — Diezani Alison

Mrs. Diezani Alison, former Nigeria Minister of Petroleum, has denied stealing a dime from Nigeria when she served the country under Goodluck Jonathan, ex Nigeria president. The former Minister has since said the claim by Nigeria anti graft agency, the Economic and Financial Crimes Commission (EFCC) and the All Progressives Congress (APC) that she stoleContinue reading “I Didn’t Steal A Dime From Nigeria — Diezani Alison”