Inspection Failure Caused Dirty Fuel Imports, Says FG   The scarcity of Premium Motor Spirit, popularly called petrol, which has lingered for about two weeks, is not due to the absence of products but inspection failure, the Federal Government stated on Sunday. It disclosed this as queues...

$235bn Investments Lost Over Delay In PIA – Sylva   The Federal Government on Tuesday said Nigeria lost an estimated $235bn worth of investments in the oil and gas sector for delaying the passage of the Petroleum Industry Bill by about two decades. The Minister of State...

PIA Will Enhance Energy Growth In Nigeria, Says Sylva     Minister of State Petroleum Chief Timipre Sylva has declared that the Petroleum Industry Act (PIA) will enhance energy growth and sustainability in Nigeria. Speaking as a participant at a ministerial roundtable, at the World Petroleum Congress (WPC),...

Fed Govt Expects New Oil Projects Amid $42bn Deals       The Federal Government has said it is bullish that many oil and gas projects will commence in the country, following the signing of over $42bn worth of investment agreement recently by various Nigerian entities. The Minister of...

FG Can’t Regulate Rising Cooking Gas Price - Sylva   The Federal Government has said it has no direct control over the rising prices of Liquefied Petroleum Gas, popularly called cooking gas, and cannot regulate it at will. It, however, stated that it was making efforts to...

IPMAN Raises The Alarm Over Members’ Fund Trapped In DPR, Others   The Independent Petroleum Marketers Association of Nigeria, on Friday, said it had engaged forensic experts to recover the funds of its members trapped in the now-defunct Department of Petroleum Resources, Petroleum Equalisation Fund Management...