We Must Reduce Oil Production Cost, Says Osinbajo         The Vice-President, Prof. Yemi Osinbajo, has said the oil production cut deal by the Organisation of the Petroleum Exporting Countries and its allies have resulted in lower revenue generation for the Federal Government. Osinbajo said on Tuesday that...

Osinbajo Seeks Private Investments In Power Sector         Vice President Yemi Osinbajo on Thursday said the Federal Government welcomed new investments in the power sector especially ones that will connect directly with the end consumers on a willing buyer-willing seller basis. Prof. Osinbajo said this while answering...

COVID-19: UN Offers Nigeria $250m Support         Nigeria is to get about $250 million, following the launch of the United Nations (UN) Plus Offer for Socio-Economic Recovery. The UN Plus Offer, which was launched at the Presidential Villa, Abuja, and attended by the UN Deputy Secretary-General, Hajiya...

LUPAN Petitions FG Over PPPRA’s Imposition Of N1.23K Administrative Charge On Base Oil         The Lubricants Producers Association of Nigeria, LUPAN, has petitioned the Federal Government over the imposition of N1.23 kobo administrative charge on base oil by the Petroleum Products Pricing Regulatory Agency (PPPRA). In its...

Fed Govt, Transcorp’s Afam Plant Deal To Add 966MW Generation         The Federal Government on Thursday signed a share sale and purchase agreement with Transcorp Power Consortium in relation to Afam Power Plc and Afam III Fast Power Ltd. The agreement, which is expected to lead to...

Fed Govt Signs N105bn Afam Power Sale Pact Today       The signing ceremony for the sale of Afam Power Plant for N105bn to the preferred bidder will be done by the Federal Government Thursday (today). It was gathered on Wednesday that the ceremony, which holds at the...