Labour Summit News Today

President Bola Ahmed Tinubu has promised upgrades in the power and oil sectors in 2024. He stated that the ongoing

PENGASSAN raises concern over divested assets’ management

Nigerian oil firms have acquired about 26 oil mining licenses in the Niger Delta basin area in the last decade.

PENGASSAN President Festus Osifo criticised President Bola Tinubu’s recent wave of appointments, a day after the presidency announced the addition of six more media aides. | Pulse Nigeria

The price of Premium Motor Spirit (PMS), also known as petrol, has increased in parts of the country after marketers adjusted their pumps to reflect the new

Oil marketers, on Tuesday, countered the position of the Federal Government, as they insisted that the current pump price of Premium Motor Sp

Mr Wabote outlined several opportunities that would accrue from divestments, such as the injection of new capital, the rejuvenation of divested assets, and an increase in crude oil production through the investment in technologies by the acquiring firms.

  Motorists and residents in Abuja, Nigeria’s capital city, have started to experience the return of long queues at petrol stations.   This was seen in a video posted by ICIR on Wednesday evening, capturing long queues of cars and other road users at different filling stations in the Federal Capital Territory (FCT).   “Fuel queues return to Abuja. The scarcity of Premium Motor Spirit, popularly called petrol, has again returned to the FCT, causing queues at the few filling stations still ...

If there is one thing that stifles growth in the downstream sector of the petroleum industry, it is the existence of subsidies, and that is the reality. There are today close to 25 licences to create, build and operate refineries, (but) nobody will take the next step.

President of PENGASSAN, Comrade Festus Osifo said when President Bola Tinubu announced the removal of fuel subsidy, many Nigerians didn't know the