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Tag: Timipre Sylva

Vehicle Owners To Pay N250,000 To Convert Cars To Autogas – FG

Vehicle Owners To Pay N250,000 To Convert Cars To Autogas - FG       The Federal Government says car owners will pay up to N250,000 to have their vehicles converted to run on gas. Justice Derefaka, Technical Adviser on Gas Business and Policy Implementation to Minister of State...

It’ll Be Cheaper To Run Gas-fired Vehicles – Fed Govt

It’ll Be Cheaper To Run Gas-fired Vehicles – Fed Govt         The Federal Government on Tuesday at the inauguration of the autogas scheme in Abuja said motorists who run their vehicles on autogas will spend less fund in refilling their tanks than those using Premium Motor...

PIB Will Be Passed Into Law March 2021 – Reps

PIB Will Be Passed Into Law March 2021 - Reps       The House of Representatives has announced its plan to pass the Petroleum Industry Bill by end of the first quarter of 2021. The Ad Hoc Committee on PIB disclosed this in Abuja on Wednesday. The House had...

Kyari ,Sylva Shun Budget Defence Meeting With Reps

Kyari ,Sylva Shun Budget Defence Meeting With Reps         The Minister of State for Petroleum Resources, Timipre Sylva; and the Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, on Monday, failed to appear before the House of Representatives. Sylva and Kyari, among others, were...

Forex Scarcity Bars Marketers From Petrol Imports

Forex Scarcity Bars Marketers From Petrol Imports       Despite the deregulation of the downstream oil sector by the Federal Government, private marketers are still tied to the Nigerian National Petroleum Corporation’s apron strings as they continue to steer clear of petrol importation, ’FEMI ASU reports The expected...

Nigeria’s Fragile Fiscal Regime May Stall $24bn Oil, Gas Projects

Nigeria’s Fragile Fiscal Regime May Stall $24bn Oil, Gas Projects         With the continued delay in the passage of the Petroleum Industry Bill (PIB) leading to a frigile fiscal regime mired by uncertainty, the African Energy Chamber (AEC), has said Nigeria and other African countries should...