Tag: Deregulation
-
Deregulation will boost investment in refining — NNPC GMD
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, says the deregulation of the downstream sector of the oil and gas industry in Nigeria will increase investment in the refining business. Kyari made this known in a statement signed by the Group General Manager, Group Public Affairs Division, Dr Kennie Obateru,…
-
Nigeria @60: Urhobo group urges Buhari to make Nigerians happy again
The Abuja chapter of the Urhobo World United Union (UWUU), an umbrella body of Urhobo sons and daughters, has urged President Muhammadu Buhari to make Nigerians happy again. TheNewsGuru.com (TNG) reports UWUU made the call on Thursday in Abuja, the federal capital territory as the nation marks her 60th independence anniversary. According to the group,…
-
Fuel marketers lecture NLC on deregulation, pulls out of planned nationwide strike
The National Executive Council of the Independent Petroleum Marketers Association of Nigeria (IPMAN) on Saturday said members would not partake in the proposed strike by the Nigeria Labour Congress (NLC). The National Public Relations Officer of IPMAN, Alhaji Yakubu Suleiman, said this in a statement issued in Lagos. He said that the national body of…
-
MOMAN, Other Downstream Players Hail FG, Pledge Support for Deregulation
Stakeholders in the Downstream Sector of the Nigerian Oil and Gas Industry, including the Major Oil Marketers Association of Nigeria (MOMAN), have lauded the Federal Government for the courage to tackle the challenges in the Downstream Sector frontally. A press release by the Corporation’s spokesman, Dr. Kennie Obateru, stated that the stakeholders gave the commendation…
-
Deregulation: NNPC to Support Deployment of CNG Facilities
The Nigerian National Petroleum Corporation (NNPC) has pledged to support ongoing initiatives by the Ministry of Petroleum Resources to provide alternate energy source to Nigerians through aggressive activation of Compressed Natural Gas (CNG) refill stations for motorists across the country. Speaking on TVC Business Show, Business Nigeria Live, the Group Managing Director of the Corporation,…
-
FG commences full deregulation as PPPRA hands off fixing prices for petrol
The Petroleum Products Pricing Regulatory Agency (PPPRA) has said it would no longer fix price bank for marketers of petrol in Nigeria and will allow the market forces to determine prices. This was disclosed by the Executive Secretary of the Agency, Mr Saidu Abdulkadir, on Tuesday in Abuja during a chat with newsmen. Represented by…
-
Fuel price: PPPRA owns up on contradiction in deregulation policy
The Petroleum Products Pricing Regulatory Agency (PPPRA) has assured Nigerians that the deregulation of the downstream oil sector is in the best interest of the country. The Executive Secretary of the Agency, Saidu Abdulkadir, gave the assurance on Tuesday in Abuja, while briefing newsmen on the deregulation of the downstream oil and gas sector. Abdulkadir…
-
FG explains deregulation of oil downstream sector
The Minister of State for Petroleum Resources Chief Timipre Sylva says the deregulation of the downstream oil sector was to ensure economic growth and development of the country. Sylva made this known in a statement in Abuja, on Thursday. He said it was unrealistic to continue to subsidise the Premium Motor Spirit (PMS) also known…
-
PPPRA explains ambiguity in deregulation of petrol pump price
The Petroleum Products Pricing Regulatory Agency (PPPRA) says it is no longer fixing the pump price of Premium Motor Spirit (PMS) also known as petrol for marketers. PPRA Executive Secretary, Mr Saidu Abdulkadir made this known in a statement in Abuja on Sunday. Abdulkadir, however, said the agency would constantly, on a monthly basis, develop…
-
Downstream operators renew quest for total deregulation of oil sector
Operators in the petroleum downstream have told the Federal Government to take advantage of the unique opportunity provided by the crash in global crude oil prices to fully deregulate the sector. They also called for a legislative framework to address compliance, enforcement and pricing in the importation of Premium Motor Spirit (PMS), to ensure that…