Tag: Timipre Sylva

265 Illegal Refineries In Shell Corridor – Nigerian Oil Minister

Efe Wellington

Sylva opens up on how organised crude oil thieves denied Nigeria crude oil fortunes, OPEC quota benefits   Minister of State for Petroleum Resources, Chief Timipre Sylva, has declared that there are about 265 illegal refineries in the Shell Petroleum Development Company (SPDC) corridor alone as Nigeria continues to grapple with oil theft. The News Agency of Nigeria (NAN) reports that Sylva spoke at the 60th Anniversary of the Oil Producers Trade Section (OPTS) of the Lagos Chamber of Commerce and Industry (LCCI) on Thursday in Lagos. READ ALSO Oil…

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N165 Per Litre Remains Official Petrol Price, Subsidy Continues – Minister

Scott Matthew

IOCs, Oil Marketers Submit 1,156 Documents As NMDPRA Targets Investment The Nigerian government has said that the price of Premium Motor Spirit (PMS) also known across the country as petrol is still being regulated despite increase in the price, even as it blamed marketers for the price surge. Minister of State for Petroleum Resources, Timipre Sylva, who said this in Abuja, maintained that the government has not deregulated the downstream segment. READ ALSO: Petrol Price Finally Raised Above N165 Per Litre Nigeria Dwarfs Education, Health Budget, Blows N2.84trn On Petrol…

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Buhari, APC Governors Meet Ahead Of Party’s Presidential Primary

Abibat Babalola

This picture released by the Presidency shows President Muhammadu Buhari, APC governors, and others posing for a group photograph at the State House in Abuja on May 31, 2022. President Muhammadu Buhari on Tuesday met with governors of the All Progressives Congress (APC) ahead of the ruling party’s national convention to produce its presidential candidate for the 2023 general elections. The meeting which held at the Presidential Villa in Abuja had all members of the Progressives Governors’ Forum represented. READ ALSO Journalists barred as APC screens Tinubu, Amaechi, others How…

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ExxonMobil Rescinds Sack of Nigerian Staff, Ernest Omo-Ojo, After 3 Years

ADEOLA YUSUF

The banters. The battle. The backslide. Platforms Africa reports how, after Court confrontations, the Nigerian oil minister Timipre Sylva’s Mediation led to the withdrawal of the sack letter issued to Omo-Ojo,  ex-staff at the Media and Communications unit of the United States (U.S) oil giant, in June 2019   After three years search for justice, reprieve finally came the way of Ernest Ivie Omo-Ojo, a Nigerian ex-worker with United States oil super major, ExxonMobil, Platforms Africa reports. This reputable media group had, in an exclusive story published  on August 14,…

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Oil Minister, Timipre Sylva, Withdraws From APC Presidential Primaries

ADEOLA YUSUF

Sylva said he withdrew from the race to support President Muhammadu Buhari in his quest to achieve a robust oil sector, an official of the ministrt said Another presidential aspirant on the platform of All Progressives Congress (APC) and Minister of State for Petroleum, Chief Timipre Sylva, has withdrawn from the presidential race. Platforms Africa reports that Sylva has returned to work today, the last day given by President Muhammadu Buhari to all political appointees aspiring for elective political office to quit his cabinet and pursue their ambition. Recall that…

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Cooking Gas hits N10, 200/12.5kg As Minister Says Buhari Has No Control Over Price

Aliyu Aliyu

The Nigerian Minister of State for Petroleum Resources, Timipre Sylva, has said the President Muhammadu Buhari-led Government has no control over the skyrocketing prices of cooking gas, which has reportedly hit N10, 200 per N12.5 kilogram (kg) in some parts of Abuja. Mr. Sylva said this while fielding questions from State House reporters after introducing the CEO, Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, Engr. Faruk Ahmed and the CEO, Nigerian Upstream Petroleum Regulatory Commission NUPRC, Engr. Gbenga Komolafe, to the President at the Presidential Villa, Abuja. Executive Secretary…

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BREAKING: Buhari Flags Off $12bn NLNG Train 7 Ground-Breaking

Efe Wellington

  Buhari who flaunted official role he played in NLNG inauguration when he was a Minister in 1978, says Train 7 project is to propel Nigeria as a major gas exporter, fully industrialised nation     Nigerian President Muhammadu Buhari on Tuesday flagged off the Nigeria Liquefied Natural Gas (NLNG) Train 7, a project he said would help propel Nigeria as a major gas exporter and a fully industrialised nation. Project promoter, NLNG, says the project would attract $12 billion Foreign Direct Investment (FDI). Platforms Africa reports that Buhari who…

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African Oil Producers Mull Breakaway From Foreign Lenders’ Funding Yoke

Aoko Benjamin

Here is Platforms Africa report on reasons Regional Investments, breakaway from foreign lenders’ yoke topped agenda at the African Local Content Roundtable   The maiden edition of the African Local Content Roundtable has ended at the Nigerian Content Tower in Yenagoa, Bayelsa State, Southsouth Nigeria, with a strong push by Nigeria and other members of the African Petroleum Producers Association (APPO) to develop regional oil and gas investments and renegotiate the COP-21 Climate Change Agreement. Platforms Africa reports that the agreement is what is driving the accelerated move by developed…

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Nigeria embagoes petrol price hike, to pay N210bn Subsidy in June

Efe Wellington

The embargo, data compiled by Platforms  Africa shows, is the fifth announced by the government in 2021 + how oil minister read riot act to marketers on hoarding, profiteering The Nigerian Government on Friday announced another embargo on the price of Premium Motor Spirit (PMS) also known as petrol in June, a move that will make it continue payment of subsidy on the product for the month. Latest data from the Nigeria Governors’ Forum (NGF) put the monthly subsidy payment at N210 billion. The price hike embargo, data compiled by…

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Protest greets Nigeria’s $1.5bn fund for Port Harcourt Refinery Maintenance

Damola Oyede

Stakeholders declare plan Wasteful, describe Nigeria as a massive theater of comedy and waste of fund   Nigerians have protested the approval of $1.5 billion by the Nigerian Government for the rehabilitation of the Port Harcourt refinery, declaring it as a wasteful investment of little or no economic value. The resources, they said, should have been put into reviving the nation’s dilapidated infrastructure . Director-General of Lagos Chamber of Commerce and Industry,Dr. Muda Yusuf, said sectors like power,security and railway would make meaning use of $1.5billion that rehabilitation of Port…

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