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Eterna: Why we’re expanding as oil majors divest downstream operations

Eterna: Why we’re expanding as oil majors divest downstream operations

Mahmud Tukur, managing director, Eterna Plc, says the company is expanding its downstream operations despite Nigeria’s “challenging operating environment”. Tukur was speaking during a press briefing to mark the company’s The post Eterna: Why we’re expanding as oil majors divest downstream operations appeared first on TheCable.

The self-destructive, unforced error of Fuel Subsidy

Unemployed crisis: FG launches new skills acquisition framework

‘THE most important  question now is: For how long must misguided government economic policies ruin our nation while we do nothing? This year like others has only twelve months. At least five will be spent with nobody thinking about how to prevent more deterioration. The remaining seven months cannot possibly reverse the accumulated damage – unless a new and radical solution is found”. An excerpt from ‘As Dangote goes, so does Nigerian economy’ by Dele Sobowale, Vanguard Newspaper on Monday, January 21, 2019.
Continue reading The self-destructive, unforced error of Fuel Subsidy at Vanguard News Nigeria. …

You cannot fight corruption with corruption, N2.4 Billion Spent on Fuel Subsidy, Saraki to FG

SENATE President, Dr. Bukola Saraki yesterday raised the alarm that corruption was increasing now in the administration of President Muhammadu Buhari  with the government paying higher on fuel subsidy where Nigeria is said to be consuming 50 million litres, with N2.4 billion spent so far by the federal government on fuel subsidy.
Continue reading You cannot fight corruption with corruption, N2.4 Billion Spent on Fuel Subsidy, Saraki to FG at Vanguard News Nigeria. …

‘Fuel subsidy stalls economic growth’

‘Fuel subsidy stalls economic growth’

Unreliable refineries, reliance on imported products, weak infrastructure and shortage of gas – the oil sector is challenged. The Managing Director of the Nigerian arm of Petrocam Trading Company, Petrocam Nigeria Limited , Patrick Ilo, in this interview with AKINOLA AJIBADE, speaks on the industry’s challenges. What is your assessment of the global oil market? […] …

The Late 5: Edo Governor labels BEDC enemy of progress, wants license revoked; Buhari slams wife again over allegations of cabal frustrating his government | Other top stories

The Late 5: Edo Governor labels BEDC enemy of progress, wants license revoked; Buhari slams wife again over allegations of cabal frustrating his government | Other top stories

These are the stories that drove the conversation today: The Nigerian National Petroleum Corporation (NNPC) says it spent a total …
Read » The Late 5: Edo Governor labels BEDC enemy of progress, wants license revoked; Buhari slams wife again over allegations of cabal frustrating his government | Other top stories on YNaija …

Under-recovery: Fuel subsidy drops to N20 per litre — NNPC

The Nigerian National Petroleum Corporation, NNPC, Monday, disclosed that under-recovery of Premium Motor Spirit, PMS, also known as petrol, has dropped to N20 per litre from over N80 a couple of weeks back, noting, however, that the Federal Government was still committed to bearing the additional cost above the regulated price of N145 per litre.
Continue reading Under-recovery: Fuel subsidy drops to N20 per litre — NNPC at Vanguard News Nigeria. …

The Big 5: Ibe kachikwu explains major reason fuel subsidy must end; 71 Reps sponsor bill to reintroduce parliamentary system | Other top stories

The Big 5: Ibe kachikwu explains major reason fuel subsidy must end; 71 Reps sponsor bill to reintroduce parliamentary system | Other top stories

These are the stories you should be monitoring today. The Senate Thursday, approved $1 billion for the completion of Ajaokuta …
Read » The Big 5: Ibe kachikwu explains major reason fuel subsidy must end; 71 Reps sponsor bill to reintroduce parliamentary system | Other top stories on YNaija …

Until fuel subsidy is removed, fuel crisis remains imminent – Kachikwu

Adeyeye – Fresh PDP is Conspiracy to Decimate Opposition Ahead of 2019

Minister of State for petroleum Resources, Mr. Ibe Kachikwu, Thursday, stated that until the downstream sector of the Nigerian petroleum industry is liberalized and subsidy of petroleum products removed, the country would continue to struggle and face challenges in terms of ensuring stable fuel supply.
Continue reading Until fuel subsidy is removed, fuel crisis remains imminent – Kachikwu at Vanguard News Nigeria. …

Oil workers wade into FG/marketers’ N800bn subsidy rift

Oil workers wade into FG/marketers’ N800bn subsidy rift

The oil workers, who spoke with journalists after meeting with officials of the NNPC, assured Nigerians of their support to ensure petrol scarcity is averted. Uche Usim, Abuja Two oil workers’ unions, the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the Nigerian Union of Petroleum and Natural Gas Workers (NUPENG) have […]
The post Oil workers wade into FG/marketers’ N800bn subsidy rift appeared first on The Sun Nigeria. …

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