The African Energy Chamber (AEC) has announced that Timipre Sylva, Minister of State for Petroleum Resources of Nigeria, will lead investment-focused dialogue during the Invest in African Energy Reception set to take place in London on January 26. With the Nigerian energy market on the precipice of another transformation on the back of diversification and market-driven policy implementation, the participation ...
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Subsidy Rises To N5.58bn Daily As Petrol Landing Cost Hits N232
From an average of N143.60 per litre in December, the landing cost of petrol rose to N231.98 per litre on June 16 this year on the back of the rise in global oil prices and the depreciation of the naira against the dollar, The Punch reports. The Petroleum Products Pricing Regulatory Agency had in March this year released a pricing ...
Read More »SERAP Asks Buhari, Sylva To Explain How Petroleum Ministry Spent N116m On Pens, Others
Socio-Economic Rights and Accountability Project (SERAP) has urged President Muhammadu Buhari and Mr Timipre Sylva, Minister of State for Petroleum Resources to use their leadership positions “to urgently probe how N116 million was spent by your Ministry to buy biros, letterhead and toners in 2015, and to disclose the amount spent on the same items between 2016 and 2020, and ...
Read More »Reverse The Increase In Fuel Price
Without consultations with relevant stakeholders, the Federal Government arbitrarily increased fuel price recently despite the current economic realities in the country. The action has justifiably elicited protests by some Nigerians. But rather than listen to the voice of the people, the government appears resolute to continue with the unpopular decision. It is worthy to note that Nigerians have been tolerant ...
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