Headlines PIB: IPMAN commends National Assembly for inclusion of PEF The Independent Petroleum Marketers Association of Nigeria has commended the National Assembly for the inclusion of the Petroleum Equalisation Fund in the newly ... By maritimemagJuly 5, 20210
Headlines Oil prices dips after OPEC+ postpones meeting on increasing output Chinazor Megbolu Crude oil prices on Friday dipped after OPEC+, which comprises of the Organisation of the Petroleum Exporting Countries and allies, ... By maritimemagJuly 3, 20210
Headlines PIB: Lawmakers kick against Senate’s allocation of three per cent to host communities Nigerian lawmakers are calling for a future amendment to the Petroleum Industry Bill (PIB), recently passed by the National Assembly for Presidential assent. ... By maritimemagJuly 3, 20210
Headlines FG to borrow $1 billion from Afreximbank to finance 20 per cent equity shares in Dangote refinery. —- Dangote refinery worth $19billion To successfully acquire its planned 20% equity in Dangote Refinery, the Nigerian National Petroleum Corporation (NNPC) has ... By maritimemagJuly 2, 20210
Headlines Senate passes PIB, as host communities gets three per cent operating expenditure Chinazor Megbolu The Senate has on Thursday passed the Petroleum Industry Bill (PIB) as host communities gets three per cent operating expenditure of ... By maritimemagJuly 2, 20210
Headlines NNPC reiterates need to hike petrol pump price to N256 per litre Chinazor Megbolu The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr. Mele Kyari, for the umpteenth times, has said the cost of ... By maritimemagJuly 1, 20210
Headlines NCDMB, Nexim Bank sign US$40m MoU to help women entrepreneurs in oil sector Chinazor Megbolu The Nigerian Content Development and Monitoring Board (NCDMB) and Nexim Nigerian Export-Import Bank (NEXIM Bank) has corroborated to sign a US$40 ... By maritimemagJuly 1, 20210
Headlines NNPC confirms loan facility for 20% stake in Dangote Refinery Chinazor Megbolu The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), had confirmed the Federal Government will acquire a 20 per cent equity ... By maritimemagJune 30, 20210
Headlines Senate to consider PIB report Thursday Chinazor Megbolu The. Nigeria’s Senate has on Tuesday, said it will consider a report on the Petroleum Industry Bill (PIB) on Thursday. The ... By maritimemagJune 30, 20210
Headlines IPMAN leadership differs on nationwide strike Chinazor Megbolu There was a discodant tunes among the officials of the Independent Petroleum Marketers Association of Nigeria (IPMAN) over the claim of ... By maritimemagJune 29, 20210
Headlines TotalEnergies to invest $60bn in renewable energy Chinazor Megbolu TotalEnergies has said the organisation is ready to invest $60 billion in renewable energy projects. The firm at the weekend ... By maritimemagJune 28, 20210
Headlines Coronavirus pandemic increased global debt by $24 trillion —OPEC scribe The Organisation of Petroleum Exporting Countries (OPEC) has said the impact of the COVID-19 pandemic increased global debt by $24 trillion, taking it ... By maritimemagJune 28, 20210
Headlines FG accidentally discovers 206trn cubic feet gas reserves, looking for crude Chinazor Megbolu The Federal Government has said it discovered 206 trillion cubic feet gas reserves while looking for crude oil. The Minister of ... By maritimemagJune 28, 20211
Headlines FG denies plan to ban importation of gas cylinders The Federal Government has said that it does not have any plan to ban the importation of gas cylinders into the country. Dayo ... By maritimemagJune 28, 20210
Headlines President Buhari appoints Board Chairman, CEO of PPPRA President Muhammadu Buhari, at the weekend, approved the appointment of a Chairman, and an Executive Secretary/Chief Executive Officer for the Petroleum Product Pricing ... By maritimemagJune 27, 20210
Headlines NNPC blames increase in daily petrol consumption to smuggling. — says N256 per litre realistic price for Petrol Chinazor Megbolu The Nigerian National Petroleum Corporation (NNPC) has blamed daily increase in consumption of premium motor spirit, popularly called petrol in Nigeria ... By maritimemagJune 25, 20210
