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Tag : Timipre Sylva

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Petrol price in Nigeria one of the cheapest in Africa – ministers

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AHA Taxis The Federal Government on Monday said despite the recent increase in the price of Premium Motor Spirit to N162 per litre, the price...
Business

Fierce competition will keep petrol price moderate – marketers

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Pool Photo Against the backdrop of the full deregulation of the nation’s downstream oil sector, major oil marketers have said fierce competition will moderate the...
Business

TUC, others reject new fuel price, as petrol stations adjust pump

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Pool Photo Petrol stations across the country, yesterday, adjusted their pumps to reflect the hike in the ex-depot price of the Premium Motor Spirit, PMS,...
Business

Nigerian government not financially able to pay subsidy – minister

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Minister of State for Petroleum Resources, Chief Timipre Sylva, Thursday, disclosed that the Federal Government was not currently capable, financially, to pay the subsidy. Addressing...
Business

NPPC chief lists parametres to sustainable growth in Nigeria petroleum industry

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For the Nigerian Petroleum Industry to move forward in the face of the COVID-19 pandemic, the Nigerian National Petroleum Corporation (NNPC) Group Managing Director, Mallam...
Business

Nigerian government to convert flared gas to affordable electricity – minister

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Minister of State for Petroleum Resources, Chief Timipre Sylva, yesterday, disclosed that the Federal Government is currently working with critical stakeholders in the oil and...
Business

Governor Emmanuel demands petroleum depot in Akwa Ibom

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Governor Udom Emmanuel of Akwa Ibom State has insisted that Akwa Ibom State sitting on 25% of Nigeria’s oil and gas reserve, deserves at least...
Business

NUPENG issues 7-day strike notice over members’ sack

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File Photo Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, on Thursday, issued a seven-day nationwide strike notice over the alleged non-procedural sack of...
Business

Petroleum Industry Bill for presentation to National Assembly in few weeks – minister

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Chief Timipre Sylva, Minister of State for Petroleum Resources, says the Petroleum Industry Bill (PIB) will be presented to the National Assembly in the next...
Business

DPR: Network code will address gas infrastructure development

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File Photo The Department of Petroleum Resources (DPR) says the recently-inaugurated Nigerian Gas Transportation Network Code (NGTCN) will address gas infrastructure development in the country....