FG has scrapped DPR, PPPRA, PEF sacked their CEOs and has inaugurated new agencies. EKOHOTBLOG reports that the Federal Government on Monday officially announced the scrapping of the Department of Petroleum (DPR), the Petroleum Products Pricing Regulatory Agency (PPPRA) and the Petroleum Equalization Fund (PEF). The development was disclosed by the Minister of State for … Read more
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 Federal Government (FG) has spoken on increasing petrol price to #380 per litre in the country. EKOHOTBLOG reports that barely three months after the Federal Government (FG) turned down the recommendation by the Nigeria Governors’ Forum for an increase in the price of Premium Motor Spirit, popularly called petrol, the FG again on Friday … Read more
He said the Muhammadu Buhari administration cannot be blamed for the present state of the facilities as it inherited damaged refineries. Minister of State for Petroleum Resources, Timipre Sylva, has disclosed why the administration of President Muhammadu Buhari is yet to embark on selling off the refineries, admitting that the Federal Government is not the … Read more
While critics have accused the government of worsening the economy, Sylva put the blame on the Peoples Democratic Party (PDP) led administration. The Minister of Petroleum Resources, Timipre Sylva, has defended how the administration of President Muhammadu Buhari is handling the country’s economy. The Minister made the defense while responding to questions on the economy … 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
The government plans to spend $1.5 billion to fund the rehabilitation of the Port Harcourt refinery in Rivers State A move many have described as an addition to the country’s debt profile Minister of State for Petroleum Resources, Timipre Sylva, has disclosed that the National Assembly will pass the Petroleum Industry Bill (PIB) which is … Read more
Sylva said that going by the way the project was structured, the operations of the refinery would pay back the funds to be used The minister also explained that a commercial discussion between the NNPC and Afreximbank on how the money will be paid from the operations of the refinery is ongoing The Federal Government … Read more
The forum however expressed confidence that apart from improving economic activities in the region, the project will also create massive direct and indirect employment for the people The South-south Emerging Leaders Forum (SELF) has commended President Muhammadu Buhari and the Minister of State for Petroleum, Chief Timipre Sylva, over the approval of $1.5 billion (about … Read more
The Federal Government (FG) has said that petrol pricing will be fully deregulated before the end of the year. The Minister of State for Petroleum Resources, Timipre Sylva, made this known while speaking on the controversy surrounding a new price template of N206 per litre from N162 – N163. The Federal Government (FG) has said … Read more
Sylva lamented that the COVID-19 pandemic has changed the oil and gas industry The Minister of State for Petroleum Resources, Timipre Sylva, has revealed plans by the Federal Government to begin oil exploration in the northeast. “I have said it a few times that we have found oil in the northeast and we have started … Read more
Minister of State for Petroleum, Timipre Sylva, on Sunday revalidated his membership of the ruling All Progressives Congress (APC) in the ongoing nationwide fresh registration/revalidation exercise. EKO HOT BLOG gathered the All Progressive Congress Chieftain had his revalidation at New Camp Unit, Ward 4 (Agadama), Brass LGA, in Bayelsa State. Chairman of the Bayelsa registration … Read more
Minister of State for Petroleum, Timipre Sylva, Petroleum Industry Bill The Petroleum Industry Bill that is currently before the National Assembly will cut down the multiple taxation in Nigeria’s oil and gas sector, particularly in the onshore and shallow water operations, the Federal Government has said. The Minister of State for Petroleum Resources, Timipre Sylva, … Read more
8,400MT LPG terminal Techno Oil plant inaugurated by Minister of State for Petroleum, Chief Timipre Sylva in Lagos, on Wednesday. The Minister of State for Petroleum Resources, Chief Timipre Sylva, on Wednesday inaugurated the 8,400 Metric Tonnes (MT) Liquified Petroleum Gas (LPG) terminal built by Techno Oil in Kirikiri, Lagos. Inaugurating the gas terminal, the … Read more
Minister of State for Petroleum, Timipre Sylva on Monday said that the increase in the price of petrol was as a result of the announcement of a vaccine for COVID-19 by pharmaceutical company, Prizer. According to him, the announcement made the price of crude oil to go up and therefore affected the price of petrol. … Read more
The federal government no longer determines petrol price Deregulation of sector has been politicised The federal government has absolved president Muhammadu Buhari of any blame that characterised the aftermath of the increment in petrol prices. Minister of state for petroleum resources, Timipre Sylva, says the power to determine the price of premium motor spirit (PMS), … Read more
The Caretaker Chairman of the All Progressives Congress, Governor Mai Mala Buni, on Monday, reconciled the Minister of Transportation, Rotimi Amaechi, and the Minister of State for Petroleum, Timipre Sylva. The two of them who were one time governors of Rivers and Bayesla States disclosed this development to newsmen after a closed door meeting with … Read more
The Minister of State for Petroleum Resources, Timipre Sylva, has debunked the claims that the Federal government once promised to reduce the price of Premium Motor Spirit (petrol) to a static low price. Sylva also said the government had concluded that it could no longer bear the burden of petrol subsidy. This was contained in … Read more
The Minister of State for Petroleum Resources, Timipre Sylva, said on Monday that the Bayelsa election saga was treated like a a criminal case. And because of that, the sacked Bayelsa State Deputy Governor-elect, Biobarakuma Degi-Eremienyo, is on the verge of committing suicide. Sylva, who disclosed this on Channels Television’s Sunrise Daily programme, described the … Read more
The Minister of State for petroleum resources, Timipre Sylva has disclosed the federal government is working on a cheaper fuel alternative for Nigerians. He said with the alternative, Nigerians may be able to get fuel at the cheap rate of N97 per litre as against the current N145 per litre. The Minister made the submission … Read more