The Nigerian National Petroleum Corporation (NNPC) said it spent about 5.8 billion dollars to import Premium Motor Spirit (PMS) popularly known as petrol to combat fuel crisis that resurfaced since late last year. In a statement signed by Mr Ndu Ughamadu, the Group General Manager, Group Public Affairs unit in Abuja, on Tuesday, it said the PMS was equivalent of 9.8 million metric tons.

President Muhammadu Buhari on Monday declared renewed war on Corruption in the oil sector. The president who stated this while declaring open the maiden edition of the Nigeria International Petroleum Summit (NIPS) in Abuja assured local and foreign industry that his administration will not stop the fight until a new image is created where transparency will be the watchword in all oil and gas transactions.

RwandAir, the national carrier of Rwanda, is set to expand its wings to Abuja in Nigeria and Cape Town in South Africa. According to airline officials, RwandAir will operate four weekly flights from Kigali to Cape Town with a stopover in Harare, Zimbabwe. However, the officials did not give timeframe during which they intend to start flying to the new destinations, but hastened to add that this will not take long.

Nigerian domestic carrier, Dana Air, and the Lome-based African airline, Asky, have signed an interline agreement to deepen their presence in the regional air travel market. Dana said part of the agreement includes aircraft partnership deal with Asky to add some new generation aircraft to its fleet.

The Federal Government has said Ministries, Department and Agencies have been directed to generate N886 billion as Independent Revenue per annum in 2018. The Acting Chairman, Fiscal Responsibility Commission (FRC), Victor Muruako stated this on Tuesday in Abuja at a stakeholders’ dialogue session with the management of the Federal Radio Corporation of Nigeria (FRCN), led by its Director General, Malam Mansur Liman.

The National Economic Council (NEC) on Thursday mandated its committee to interface with the Nigerian National Petroleum Corporation with a view to determining the correct price of fuel. The governor of Bauchi State, Mohammed Abubakar, disclosed this to State House correspondent after the NEC meeting presided by Vice President Yemi Osinbajo.

The Nigerian Ports Authority (NPA) has given a 24-hour ultimatum to officials of Standard Organization of Nigeria (SON), National Agency for Food and Drug Administration and Control (NAFDAC) as well as other unauthorised government agencies to vacate the seaports or risk being arrested.

As part of efforts toward ending the persistent fuel scarcity in some parts of the country, the Department of Petroleum Resources (DPR) has sealed six fuel stations in Cross River state over alleged diversion of petroleum product and hike in price. The Operations Controller in the state, Bassey Nkanga while speaking with Vanguard said the stations were all sealed within the last one week.

MultiChoice has released a statement concerning reports that DSTV and GOtv will shut down in 2019. The company said it is doing all to ensure its operating licences are renewed by the broadcasting agency in Nigeria. According to earlier reports, the operations of DSTV and GOtv would come to an end in 2019 as their license which expires in June 2019 would not be renewed.

The Federal Government on Thursday ordered the Nigerian National Petroleum Corporation (NNPC) to end fuel scarcity in the country before the end of this weekend. The Minister of State for Petroleum Resources, Ibe Kachikwu stated this while addressing newsmen on the Nigerian International Petroleum Summit, NIPS, scheduled to hold between February 18 and 22, 2018. He said the government was concerned about the prevailing situation in the sector and was working towards addressing same.

The Flour Mills of Nigeria Plc has emerged best company in the maiden edition of Dividend Payment Awards organized by Third Observers Nigeria Limited in Lagos. The company was given the Gold Award for regular payment of dividends to its shareholders spanning 36 years.

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