supply

Ban On Petrol Supply: FG Urges Border To Exercise Patience

January 18, 2020 10:36 am
The Federal Government has appealed to those living in border communities to exercise more patience over the suspension of fuel supply to their areas.

NAN recalls that the Federal Government, through the Nigeria Customs Service (NCS), in November 2019, announced the suspension of petrol and diesel supply to filling stations within 20 kilometres radius to all Nigerian borders.

The people of the area have since been complaining that the policy is having adverse effect on them; saying it has paralysed economic activities in their areas.

On many occasions, they accused security agencies involved in the Exercise Swift Response of swindling

…

NNPC: Fuel Supply Not Affected Despite Lagos Pipeline Fire

December 6, 2019 2:02 am

The Nigerian National Petroleum Corporation (NNPC) on Thursday reported an oil pipeline fire outbreak along Atlas Cove-Mosimi Pipeline, part of the System 2B pipeline in Baruwa Swamp area of Lagos. The corporation said preliminary reports of the incident indicated that the fire outbreak might have been caused by an act of vandalism by suspected oil thieves. The corporation, in conjunction with the Lagos State Government, has contained the fire and repair works have commenced which will lead to speedy restoration of the pipeline operations.

Read Also: Nigeria Militants Kidnap 14, Including 2 Red Cross Workers

The corporation confirmed that …

Customs Raid Warehouse, Seize Foreign Rice Worth ₦19.68m

Review Ban On Fuel Supply To Border Towns, Reps To Customs

November 14, 2019 2:09 pm
The House of Representatives has enjoined the Nigeria Customs Service (NCS) to review its ban on the supply of petroleum products to border communities in the country.
Adopting a motion sponsored by Sada Soli under matters of urgent importance at the plenary presided by the deputy speaker, Ahmed Wase, yesterday, the house declared that the measure contravened the provisions of the Customs and Exercise Act.It mandated its relevant committees to engage the Minister of Interior, Minister of State for Petroleum, the Comptroller General of the Nigeria Customs Service and the Group Managing Director (GMD) of the Nigerian National Petroleum Corporation
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P&ID Gas supply Scam: Court Admits Briton To ₦500m Bail

P&ID Gas Supply Scam: Court Admits Briton To ₦500m Bail

November 8, 2019 11:45 am

Justice Okon Abang of the Abuja division of the Federal High Court on yesterday admitted to bail, a Briton, James Nolan ,who is standing trial in the controversial gas supply contract, (P&ID) that led to $9.6billion judgement liability against Nigeria, in the sum of  N500million and a surety in likesum.

The Judge ordered the Briton who was charged alongside his compatriot, Adam Quinn ,at large , to produce a serving Senator to stand surety for him in the same bail sum.

In addition, the court said the Senator must be someone that does not have a criminal case that is …

Lyon Blasts Dickson Over Epileptic Power Supply, Insecurity

Lyon Blasts Dickson Over Epileptic Power Supply, Insecurity

November 4, 2019 7:02 am

The candidate of the All Progressives Congress (APC) in the Bayelsa election, David Lyon, has lambasted Governor Henry Dickson and the Peoples Democratic Party (PDP) for willfully promoting insecurity in the state.

Lyon also condemned the epileptic power supply that has enveloped Yenagoa and its environs.

The APC candidate who stated this when he visited the Ibenanaowei of Gbarain Clan, King Gabriel Akah, at his palace as part of his electioneering campaign tour of the Kingdom, said PDP has taken many steps and enthroned policies that have destroy the state.

He said: “The PDP has ruled this state since the …

FG Earmarks $1.61 Billion For Stable Power Supply - TCN

FG Earmarks $1.61 Billion For Stable Power Supply – TCN

October 20, 2019 8:13 am
  • Targets 20,000 MWs by 2022

Nigeria may soon wriggle out of incessant power outage as the federal government, in collaboration with some international donor agencies, has set aside over $1.61 billion to ensure steady power supply across the country.

Managing-Director/Chief Executive Officer of the Transmission Company of Nigeria (TCN), Alhaji Usman Gur, said the project would be carried out under the Transmission Rehabilitation Expansion Programme. Gur said the project targeted 20, 000 megawatts by 2022.

“We are rehabilitating and expanding to degree 20,000 megawatts by 2022 across the country,” he said at the weekend in Kano while speaking to journalists …

Struggling begins for ₦10b N/Assembly supply contracts

Struggling begins for ₦10b N/Assembly supply contracts

June 16, 2019 12:30 am

The management of the National Assembly is in the process of awarding contracts worth at least N10billion as part of the efforts to ease the work of the newly inaugurated  109 Senators and 360 members of the House of Representatives.

The contracts, The Nation gathered authoritatively, are in respect of supply of cars, television sets, refrigerators, water dispensers and office equipment such as desk top computers, laptops, printers, scanners, and photo copying machines.

The items to be bought will replace the old ones used and purchased by members of the 8th National Assembly upon the expiration of their tenure.

Cars, …

Oil prices rise on likelihood of OPEC supply cuts

Oil prices rise on likelihood of OPEC supply cuts

June 10, 2019 12:48 am

Oil prices rose on Monday after Saudi Arabia said producer club OPEC and Russia were likely to keep withholding supplies, and in relief that the United States and Mexico averted a trade war that would have damaged the global economy.

Front-month Brent crude futures, the international benchmark for oil prices, were at $63.71 at 0017 GMT, 42 cents, or 0.7%, above Friday’s close.

U.S. West Texas Intermediate (WTI) crude futures were at $54.43 per barrel, 44 cents, or 0.8%, above their last settlement.

Read Also: Minister allays fears over 2019 budget oil price benchmark

Traders said crude prices were rising …

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