Sunday , April 21 2019
Home / Energy


Oil Marketers, NNPC, strengthen partnership on Petrol supply

In its effort to ensure a seamless supply of Petroleum products across the Nation, the Nigerian National Petroleum Corporation (NNPC) disclosed yesterday that it has strengthened its partnership with oil marketers under the umbrella of Major Marketers Association of Nigeria (MOMAN). NNPC’s Group General Manager, Public Affairs, Mr. Ndu Ughamadu, …

Read More »

4,000 BDCs pass through anti-money laundering reporting drills

Over 4,000 Bureau De Change (BDC) operators across the six geopolitical zones of the country have passed through the rigours of trainings on Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT). The training, being part of the Association of Bureaux De Change Operators of Nigeria (ABCON) and Nigeria Financial …

Read More »

Minister Fashola demands N1 billion as damages from Sunrise Power chief over Mambilla comments

The Minister of Power, Works and Housing, Mr. Babatunde Fashola, has demanded N1 billion from the Managing Director of Sunrise Power and Transmission Company, Mr. Leno Adesanya, for allegedly making uncomplimentary remarks on his person. This was revealed in a letter dated January 18 and written by Uwensuyi-Edosomwon Chambers on …

Read More »

Federal government gives IOCs 14 days to pay outstanding revenue on contracts

The federal government has given International Oil Companies (IOCs) operating in Nigeria’s deep offshore and inland basin a 14-day ultimatum to pay all outstanding revenues on Production Sharing Contracts (PSCs). The government said the revenues are in compliance with the Supreme Court judgment last October. The judgement noted that the …

Read More »