The Independent Petroleum Marketers’ Association of Nigeria (IPMAN) has urged the Federal Government to consider the privatisation of the nation’s refineries so that private sectors investors would be able to manage it profitably. Its National President, Mr Abubakar Shettima, gave the advice while speaking at the Annual General Meeting (AGM) of the Western Zone of…
Nigeria and Saudi Arabia have renewed plans to build the capacity of their geological agencies by leveraging the breakthroughs recorded by Saudi firms in mineral exploration. Segun Tomori, Special Assistant on Media to the Minister of Solid Minerals Development, Dele Alake, made this known in a statement in Abuja. He said that this was on…
Alhaji Abubakar Shettima, National President, Independent Petroleum Marketers’ Association of Nigeria (IPMAN), has commended President Bola Tinubu’s efforts at ensuring energy security. Shettima gave the commendation in Ibadan at Tuesday’s Annual General Meeting (AGM) and election of new executives of IPMAN Western Zone. According to the IPMAN president, Tinubu did the right thing immediately when…
Portugal plans to increase purchases of Liquefied Natural Gas (LNG) from Nigeria and the United States as it aims to end already dwindling supplies from Russia, Environment Minister Maria da Graca Carvalho has said. Portugal imported 49,141 gigawatt-hours (GWh) of natural gas in 2024, of which around 96per cent was LNG, data from electricity and…
The Bank of Industry (BoI) says a well-designed Credit Guarantee Instruments (CGI) will unlock the full potential of Nigeria’s enterprises, laying foundation for a resilient and inclusive economy. Its Managing Director, BoI, Dr Olasupo Olusi, said this in a statement on Monday in Lagos. Olusi, however, noted that a coordinated Public-Private Partnership (PPP) was essential…
An oil marketing group, Independent Petroleum Marketers Association of Nigeria (IPMAN), has advised Nigerians not to fret over potential hike in the pump price of petrol as the prices of crude oil rallies in the international market. Its National President, Mr Abubakar Shettima assured that members of the association will continue to serve the masses…
Chairman, Petroleum Technology Association of Nigeria (PETAN), Engr. Wole Ogunsanya has called on the government to uphold Section 3.3 of the Local Content Act 2010 to give first consideration to local contractors in divested assets. Ogunsanya, made this call during the Industry Stakeholders for the Petroleum Industry Stakeholders forum (PISF) organised by the Ministry of…
After a prolong agitation for an increase in end user telecom tariffs in the country by mobile carriers, regulator of the sector, Nigerian Communications Commission (NCC) has approved a 50 per cent hike. And like a red rag to a bull, telecom subscribers have kicked against the approval which they said reflected the fact that…
Subscribers have faulted the Minister of Communications, Innovation and Digital Economy, Bosun Tijani, over his statement that telecom subscribers in the country will have to pay between 30per cent and 60 per cent in end user tariffs. They said the minister’s statement reflected his insensitivity and is contrary to the agreements reached between the Consumer…
