UgamatvBREAKING: Southern Govs reject 30% profit share for oil exploration in Northern Nigeria
Southern governors, on Monday, rejected the proposed allocation of at least 30 per cent of the profit generated by the proposed Nigerian National Petroleum Company Limited for the exploration of…
PANDEF rejects PIB, demands immediate reversal of provisions
The Pan-Niger Delta Forum has rejected the recently passed Petroleum Industry Bill, describing its provisions as unjust, satanic and provocative. National Leader of PANDEF, Chief Edwin Clark, said this at…
PIB: Dangote refinery, others to buy crude in naira
Holders of refining licences in the country can pay for domestic crude oil supply in naira, according to the Petroleum Industry Bill passed by the National Assembly on Thursday. Companies…
Tochukwu Chukwu
- Business , News , Politics
- July 5, 2021
- 173 views
NDDC: Imo oil producing communities petition Buhari, allege marginalisation
OIL producing communities in Imo State under the aegis of Urashi Peoples’ Congress, have petitioned the President, Major General Muhammadu Buhari (retd.), to protest alleged lopsided appointments in the management…
- Business , News , Politics
- July 5, 2021
- 210 views
ECOWAS court hears Twitter ban suit Tuesday as Nigerians berate FG
Some Nigerians have berated the Federal Government as the ban on the micro-blogging site, Twitter, enters the 30th day today (Monday). The Federal Government had on June 5 suspended Twitter…
NNPC saves $1bn on petrol imports, says Kyari
The Group Managing Director, Nigerian National Petroleum Corporation, Mele Kyari, on Wednesday announced that the oil firm saved over $1bn of the cost that would have been built in on…
FG’s Metering Scheme: EEDC cautions against patronizing fraudsters
The Enugu Electricity Distribution PLC (EEDC) has re-emphasized that the meters currently being installed across its network under the National Mass Metering Program (NMMP) is free of charge. UGAMATV reports…
- Business , News
- June 30, 2021
- 197 views
Security: INEC express worries over Anambra governorship election
The Independent National Electoral Commission, INEC, has expressed its worries about insecurity as it prepares for Anambra State governorship election slated for November 6, 2021. INEC Chairman, Prof. Mahmood Yakubu,…
Electricity subsidy gulps N30bn per month, says FG
The amount spent on subsidising electricity every month in Nigeria is now about N30bn, the Federal Government has said. It disclosed that the government’s subsidy on electricity had been reduced…
- Business , News , Politics
- June 30, 2021
- 169 views
PIB: SOUTHERN REPS MEET AS NNPC GMD ENGAGES REPS TODAY
The leadership of the House of Representatives on Tuesday met with the Special Ad Hoc Committee on Petroleum Industry Bill behind closed doors. Also, the Southern Caucus of the House…
