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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...

Kogi To Host COCOP 2024 Conference In October

  Favour Ifeoluwa & Akinola Ajibade  The Guild of Corporate Online Publishers (GOCOP) will hold its 2024 annual conference in Lokoja, Kogi State on Thursday, October 3, 2024. A statement by the Publicity Secretary of GOCOP, Sir Remmy  Nweke, quoted the 2024 Conference Planning Committee Chairman, Danlami Nmodu and Secretary, Mr. Olumide Iyanda, as saying that the event, the 8th in the series, would be the first time a State will be hosting the conference. The theme, “Nigeria: Tackling Insecurity, Power Deficit and Transitioning to Digital Economy,” was informed by current security and power deficit challenges facing the nation. A prominent technocrat versed in the dynamics of power management, from generation through transmission to distribution would deliver the keynote, while two guest speakers with expertise in digital economy and security value-chains respectively had confirmed their attendance, the statement said. Previous speakers at t...

NNPC Does Not Owe N6.8bn, Says Soneye

Its Chief Corporate Communications Officer, Olufemi Soneye By Favour Ifeoluwa and Akinola Ajibade  The  Nigerian National Petroleum Company Limited (NNPC Ltd.) says its nether indebted to the tune of N6.8billion nor remitted revenues to the Federation Account since January as alleged by the citizens. Speaking on the issue, the nation's oil company head of media , Soneye said that the clarification become necessary in  view of the spurious allegations made against the corporation. He spoke through a release issued in Abuja and made available to the media at the weekend.  He said: "  NNPC Limited. does not owe the sum of $6.8bn to any international trader(s). In the oil trading business, transactions are carried out on credit, and so it is normal to owe at one point or the other. But NNPC Ltd., through its subsidiary, NNPC Trading, has many open trade credit lines from several traders. The company is paying its obligations of related invoices on a firs...

Nigeria's Power Minster Commends Savannah Over Energy Sector's growth

By Favour Ifeoluwa & Akinola Ajibade  Minister of Power, Chief Adebayo Adelabu, has commended Savannah Energy, the British Independent Energy Company for its delivery of projects that matter in the sector and also contribute to the growth of the domestic gas market to support national development. He made the commendation during a visit to the Uquo Central Processing Facility (“CPF”) in Akwa Ibom State recently. The firm is owned by Accugas Limited, a subsidiary of Savannah Energy. Adelabu described the Uquo gas facility as a huge investment, urging other companies in the industry to emulate Accugas so that Nigeria’s power challenges can be addressed. He said: “We are calling on other companies to emulate the activities of Accugas so that the unreliable supply of gas that we have will be a thing of the past. They have been tried, they have been tested and they are trusted. One other thing I also noted is their investment in a new gas compressor to boost pressure for gas supplie...

Are Afe Babalola Condems Fed Govt Over Nigeria's Poor Economy

Babalola airing his views on the country's hunger situation  By Favour Ifeoluwa & Akinola Ajibade  FOUNDER of Afe Babalola University Ado-Ekiti, ABUAD, Aare Afe Babalola, yesterday, took a swipe at the Federal Government for distributing palliatives such as garri, beans among others to Nigerians.   He  described such such actions as too bad, as it amounts to giving foods to beggars and further worsening their conditions. Babalola said this when the Prestige Sisters League visited him at the ABUAD campus. Speaking on the recent protest across the country, he said that those protesting against hunger do so because everyone knows there is hunger in the country. He said: “Those who are complaining about hunger are doing so sincerely. They are hungry. A hungry man can go to any length to show his anger. We do not need anybody to tell us about hunger in the country. The protest was genuine and the government should listen to them. “The duty of government is the welfare...