Federal Government

The Federal Government has said that it does not have any plan of rescinding its policy on subsidy removal on Premium Motor Spirit (PMS), popularly known as petrol. The Minister of Finance, Budget and National Planning, Zainab Ahmed…

Nigerian Electricity Regulatory Commission, NERC has said that electricity customers who paid for meters under the Meter Asset Provider scheme will be refunded. NERC through its Head of Public Affairs made this known on Wednesday in a…

Nigeria might have lost over N1.2 trillion in oil revenue following the alleged breach of the 2000/2001 fiscal incentive package conditions by SINOPEC-ADDAX. Senator Gershom Bassey in a statement at the weekend in calabar said that he…

Nigerian Senate last Thursday passed the 2021-2023 Medium Term Expenditure Framework and Fiscal Strategy Paper. The law makers also pegged oil benchmark at $40 and exchange rate at N379 per dollar. The MTEF/FSP is the fiscal document…

The Federal Government, Friday added a new hydropower plant to the nation’s power grid.  The addition of Dadin Kowa Hydropower Plant has brought the number of hydropower plants producing electricity in Nigeria to four. The Dadin Kowa…

The Federal Government has announced a reduction in the pump price of premium motor spirit, also known as petrol, from N168 to N162.44 per litre with effect from December 14. The Minister of Labour and Employment, Dr Chris Ngige,…

The Federal Government has declared Jan. 1, 2021 to Dec. 31, 2030 as “The Decade of Gas Development for Nigeria”. The Minister of State for Petroleum Resources, Chief Timipre Sylva, made the declaration on Thursday at the Seventh Joint…

The Federal Government reiterated its resolve to mete stiff measures to any of the power distribution companies (DisCos) or their agents selling prepaid meters to their customers against the directive that they should be distributed free. …

The Federal Government has said that automobile owners will pay N250,000 to convert their vehicles to run on gas. Speaking at Channels Television Programme, Justice Derefaka, Technical Adviser on Gas Business and Policy Implementation…

The Minister of State for Petroleum Resources, Chief Timipre Sylva, on Tuesday said that the Federal Government would be handing over a total of 1,000 gas-powered buses to organized labour. Speaking during the launch of the National Gas…

The Federal Government will on Tuesday, December 1 roll out the autogas scheme in Abuja as it moves to create alternative fuel for automobiles and other prime movers in Nigeria. The Chairman, National Gas Expansion Programme (NGEP),…

The President Muhammadu Buhari has said the tariff shortfalls in the power sector being borne by the Federal Government are no longer sustainable. Buhari said this on Thursday at the inauguration of Eko Electricity Distribution…

The Federal Government has handed over the Afam Power Plant to Transcorp Power Consortium after it emerged the preferred bidder of the power asset, with a bid offer of N105 billion. The Director-General, Bureau of Public Enterprises,…

The federal government and other critical stakeholders in the Nigerian oil and gas industry have been charged to ameliorate the mistakes that are depriving host communities of their benefits. The Deputy Governor of Bayelsa State,…

The Federal Government on Thursday signed a Memorandum of Understanding (MoU) with the Republic of Niger for the transportation and storage of petroleum products. In a statement by the Group General Manager/Special Adviser on Media to…

An indigenous electricity meter manufacturer company, MOMAS Electricity Meters Manufacturing Company (MEMMCOL) has flagged off a free training programme for graduate engineers on meter installation and maintenance. MEMMCOL said the free…

The Federal Government of Nigeria has said that its fiscal provisions in the Petroleum Industry Bill for gas business would be one of the most attractive in Africa. The Vice President, Prof Yemi Osinbajo made this known on Tuesday at…

The Federal Government’s drive to stimulate job creation has started yielding dividends with Techno Oil Ltd set to inaugurate an automated Liquefied Petroleum Gas (LPG) terminal at Kirikiri in Apapa, Lagos. It is expected to generate 2,000…

The Federal Government says it has initiated viable power infrastructure development projects to enhance quality power generation, transmission and distribution in the country. The Minister of Power, Mr Sale Mamman, stated this on…

So far, about 6,000 vehicles have been fitted to run on gas since 2009 when the initiative was launched in Benin, Edo State, NIPCO Plc has disclosed. The oil firm said it is committed to ensuring that more vehicles run on gas so as to…