The Petroleum Products Pricing Regulatory Agency (PPPRA) has revealed that the non-availability of foreign exchange was the reason why many marketers were yet to start importation of petroleum products.

The Executive Secretary of the PPPRA, Saidu Abdulkadir made the disclosure during a press briefing on the deregulation of the downstream…

The Federal Government on Tuesday announced that it would no longer get involved in fixing of price band for Premium Motor Spirit (PMS) popularly known as fuel.

 It said that major and independent marketers are now free to fix the retail price of the Premium Motor Spirit.

London-based, private-equity firm Actis LLP has said that it is looking at African energy projects to add to the $1 billion it has already invested in the sector on the continent.

Actis is a global emerging markets investment firm focused on the private equity, energy, infrastructure, and real estate asset…

Saudi Arabia’s King Salman bin Abdulaziz al-Saud and Russian President Vladimir Putin have both expressed satisfaction with the implementation of the OPEC+ crude oil output deal.

Hellenic Shipping News quoted the Klemlin website where both world leaders reportedly spoke on phone two days ago, and discussed ways to address the…

Tanzania has expressed its commitment to distributing natural gas to households to conserve and protect the environment and reduce women’s heavy workload of searching firewood.

Yesterday, the Tanzanian Petroleum Development Corporation (TPDC) gas engineer, Dora Ernest, said TPDC was committed to ensuring households had natural gas for domestic use.

The Nigerian Minister of State for Petroleum Resources, Mr Timipre Sylva has absolved the executive arm of government from the delay trailing the Petroleum Industry Bill (PIB), adding that indeed, the timeline for the delivery of the Petroleum Industry Bill (PIB) is out of his control.

While pointing at the…

National Bureau of Statistics (NBS) has said that Nigeria spent N1.09 trillion to import Premium Motor Spirit (PMS), also known as petrol, in the first six months of 2020, indicating a difference of 42.3% when compared to N766.06 billion recorded in the same period in 2019.

In a series of…

The Federal Government has explained that the German firm, Siemens AG was chosen for the expansion of Nigeria’s power grid because it was the best qualified company to handle the rehabilitation of the country’s dilapidated electricity infrastructure.

The Minister of Power, Sale Mamman disclosed this on Monday in a series…

The Shell Petroleum Development Company of Nigeria Limited (SPDC) has dismissed a report that it spilled 45,000 barrels of oil from an incident at its facility in Nun River in Angiama area of Bayelsa State in March 2020.

 “The outcome of the government regulator-led Joint Investigation Visit (JIV) into the spill…

A consortium of Western investors has presented their plan to invest over $5bn in Nigeria’s power sector, the Federal Government has said.

Information from the Office of the Minister of Power on Sunday, revealed that the investors would focus majorly on the renewable energy subsector of the industry.