Recently, the Federal Government announced that Nigerians would start paying five percent tax on every 10 litres of fuel purchased. Although the take-off date of the policy is uncertain, it did not go down well with Nigerians. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, who made the announcement in Abuja…
In a bid to tackle the perennial traffic in Lagos, the State Traffic Management Authority (LASTMA) has launched drone operations aimed at enhancing traffic monitoring, strengthening security surveillance, and improving public safety across the state. The initiative represents a shift from conventional traffic control methods to intelligence-driven, predictive operations powered by unmanned aerial vehicles (UAVs)….
The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) and the Dangote refinery again clashed yesterday over the allegation of diversion of petroleum products by members of the association. DAPMAN is demanding a retraction of the claim in seven days, threatening to take legal action if the refinery fail to yield to its demands…
Tensions rose in the Federal Capital Territory yesterday as the Association of Senior Civil Servants of Nigeria (ASCSN) demanded the immediate settlement of long-standing entitlements owed to public servants, warning that government inaction could spark wider unrest. In a statement issued on Thursday, ASCSN Secretary-General, Joshua Apebo, condemned what he described as the “forceful dispersal”…
The Nigerian Content Development and Monitoring Board (NCDMB), has acknowledged the advanced capabilities and proven track record of a leading indigenous service company, West African Ventures (WAV) Nigeria Limited, noting that the firm and others well established Nigerian companies need to pivot to the deepwater segment of oil and gas operations where vast opportunities exist….
Aliko Dangote has dismissed claims that job losses would result from his Refinery’s new distribution plan of 4,000 CNG-powered trucks to enhance efficiency and reduce costs. Concerns from union groups included fears of disruption in the current petroleum supply chain and monopolistic practices. Dangote, however, highlighted that the initiative would create 24,000 new jobs, with…
Shell has demonstrated a high-performance EV thermal fluid that allows 34 kWh battery packs to charge from 10% to 80% in under ten minutes. The electrically non-conductive fluid improves heat transfer, reduces thermal stress and enhances battery safety. According to Shell Lubricants, the development supports the broader adoption of battery electric vehicles by allowing higher…
The Nigerian National Petroleum Company (NNPP) Limited has congratulated Maryamu Idris on her appointment as Nigeria’s National Representative to the Organisation of the Petroleum Exporting Countries (OPEC). Announcing the development in an official X handle, NNPC said Idris’s new role marks a pivotal step in representing Nigeria’s interests within the influential cartel of oil-producing nations….
A ₦4 trillion bond program aimed at clearing debts owed to power generation companies (GENCOs) was announced by President Bola Tinubu, who appealed to the power companies to grant the federal government more time to complete the verification and validation of the longstanding debts. Bayo Onanuga, Presidential Spokesman, in a statement, said the President made…
The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe on Tuesday inspected the ongoing training of 305 youths in specialised oil and gas industry skills at the Centre for Marine and Offshore Technology Development (CMOTD), Rivers State University (RSU). This was contained in a statement by the GM…
