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Fed Govt Slightly Reverse The Price of PMS

Queue at the filing station  The President,  Petroleum Products Retailers Owners of Nigeria( PETROAN), Dr Billy Gills Harry, says the reduction of the product, by the Nigerian National Petroleum Company Limited( NNPCL) is good for the nation'struggling economy, as it would help in soften the difficult situations posed by the sharp rise in the price of petroleum products. While reacting to the issue through a statement issued and signed to the NEWSMIRROR yesterday, Harry said that the slight reversal of the price by NNPCL shows that the government is committed to the alleviation of the problems of the masses. According to him, the reduction in the price per litre of Petrol Motoring Spirit( PMS) from N1,020 per litre to N899 per litre is good, adding that the country will soon get over its problem, if the readjustment of the economy continues. Also, PETROAN's Public Relation Officer, Dr  Joseph Obele said that Dangote Petroleum Refinery had earlier started the r...
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Tinubu Commends Shell Over Investments In Nigeria

President Tinubu 

By Favour & Akinola Ajibade

President Bola Tinubu, yesterday, Monday commended Shell Petroleum Development Company SPDC for investing massively on the Nigerian economy. 

He spoke in Abuja during the visit of a delegation of the Shell Petroleum Development Company (SPDC) to the State House, Abuja. 

While speaking to a delegation led by the Global Upstream Director, Ms Zoe Yujnovic, the President said that such investments are needed to enable government meet its obligations.

He recalled that he made a personal promise to Nigerians to help improve investments in the industry, adding that Nigeria is ready to promote businesses for growth.

He assured management of Shell and other investors of his government's willingness to  maintain an open-door policy and address their concerns. 

“We are open for business. We are serious. I give you the assurance of consistency in policy,” he added

He also assured that his government was removing all forms of bottlenecks in order to ensure Nigeria becomes an attractive investment destination.

Replying,Ms Yujnock commended what she described as “incredibly strong start” of the Tinubu presidency and expressed optimism that the “bold” steps taken by the government would renew Nigeria’s pride of place as an investment destination.

She said SPDC was willing to ramp up investment in the country especially in the areas of gas and deep-water assets by pumping in billions of dollars.

She also said Nigeria remains a strategic investment country for the company in view of the long history between the two entities and the prospects held by the county’s oil and gas sector.

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