PDP House Caucus Rejects Subsidy Removal

Following the divergent hues and mixed reactions from all quarters of the country on the current fuel price hike imbroglio, the Peoples Democratic Party (PDP) caucus of the House of Representatives has presented its opposition to the removal of fuel subsidy to the members of the public. The Chairman, Committee on Capital Market & Institutions,…

Lawyer Dismisses Damaging Comments On Warri, Lagos, Brass OGFZS

A legal practitioner, Iyobosa Egerin has described insinuations making the rounds that the Warri, Lagos, Brass Oil and Gas Free Zones were illegal establishments as “cruel, unfortunate, misleading and disheartening”. Egerin spoke to newsmen on the side-lines of Labour Day celebrations, to express his disappointment that such insinuations were being published by some national dailies,…

Former NNPC boss, Barkindo Nominated for OPEC Secretary-General Role

The Federal Government has nominated a former Group Managing Director (GMD) of the Nigerian National Petroleum Corporation, NNPC, Mohammed Barkindo, for the position of the Secretary-General of the Organisation for Petroleum Exporting Countries, OPEC, come July 2016. Barkindo had previously served as Acting Secretary-General of OPEC in 2006, and was GMD of the NNPC from…

Rift in Mobil PTD Union May End Soon

… As PPMC Assures of Ample Products Supply in Lagos Area   The Management of the midstream subsidiary of the Nigerian National Petroleum Corporation (NNPC), the Pipeline and Products Marketing Company (PPMC), has said it had intervened in the dispute within Petroleum Tanker Drivers Union (PTD) Union as normalcy may soon be restored. This is…

NNPC Commits to Ongoing Gas Infrastructure Projects

  The Nigerian National Petroleum Corporation (NNPC) has expressed its determination to complete the ongoing gas projects aimed at linking gas-to-power and gas-to-industries to boost national economy. During the Senate Committee on Gas oversight visit to the NNPC Towers in Abuja recently, the Group General Manager, Gas Infrastructure Development, Engr. Farouk Said affirmed that NNPC…

Asset Acquisition: Competition Commission Conditionally Approves Tegeta, Optimum Merger

  South Africa’s Competition Commission has recommended that the proposed merger between Tegeta Exploration and Resources (Pty) Ltd (Tegeta) and Optimum Coal Mine (Pty) Ltd (OCM) be conditionally approved. According to Chief Executive of Oakbay Investments, Nazeem Howa, the Competition Commission’s recommendation that this deal is approved is good news for all of Optimum’s employees…