The Federal Government (FG) has spoken on increasing petrol price to N300/litre. EKOHOTBLOG reports that the Federal Government (FG) has said the pump price of Premium Motor Spirit (PMS), popularly called petrol, will remain N162 per litre until it reaches an agreement with the Organised Labour for full deregulation of the downstream petroleum sector. This … Read more
The Senate has on Thursday passed the (Petroleum Industry Bill). EKO HOT BLOG reports that the Senate has passed the conference report of the National Assembly on the Petroleum Industry Bill (PIB). The report as passed by the upper chamber on Thursday pegged contributions to the host communities development trust fund at three percent of … Read more
The House of Reps has been thrown into a rowdy session. EKO HOT BLOG reports that the House of Representatives was on Thursday thrown into a rowdy session over the Petroleum Industry Bill (PIB). It was gathered that trouble started at the lower chamber on Thursday after some lawmakers protested against the alleged reduction in … Read more
The Federal Government has revealed when the price of fuel will be increased in the country. EKO HOT BLOG reports that fuel subsidy in Nigeria will end when President Muhammadu Buhari signs the Petroleum Industry Bill (PIB). The Minister of State for Petroleum Resources, Timipre Sylva, made the disclosure while speaking at the Nigeria/Organisation of … Read more
“Before plenary tomorrow, the leadership of the Senate has decided to invite NNPC GMD to come and brief us in a closed session.” EKO HOT BLOG reports that the Senate has summoned the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari. This was disclosed by the Senate President, Ahmad Lawan, during … Read more