Tayo Elegbede

The Federal Ministry of Finance, Budget, and National Planning has voted the sum of N179,232,388 for the maintenance and fueling of its generators in 2021. The details of the ministry's allocation for its generators are contained in the…

TAYO ELEGBEDE President Muhammadu Buhari on Thursday assured that Nigeria will support the consolidation of democracy in the Economic Community of West African States (ECOWAS). The President stated this when he received President Roch…

TAYO ELEGBEDE The Nigerian National Petroleum Corporation (NNPC) has expressed its desire to partner the Department of Petroleum Resources and other stakeholders in the oil and gas sector to realise the Federal Government's gas…

TAYO ELEGBEDE Ibadan Electricity Distribution Company Plc (IBEDC) has created 13 new customer care offices in Ogun state as part of measures to ensure prompt service delivery. Speaking at the commissioning of the offices, IBEDC’s…

BY TAYO ELEGBEDE The Federal Government has inaugurated the Nigeria Gas Transportation Network Code to deepen the growth of gas market in the country. The Minister of State for Petroleum Resources, Timipre Sylva, disclosed this at…

TAYO ELEGBEDE Oil prices  traded up on Monday over half of Friday's losses, as fresh hopes for demand recovery emanates in the global oil market. West Texas Intermediate (WTI) crude traded at $42.05 with a rise of 2.04 per cent or…

TAYO ELEGBEDE The Department of Petroleum Resources (DPR) has warned gas and fuel retail outlets over unsafe procedures and practices in the discharge of petroleum products. The Department stated that the noncompliance with safety…

By TAYO ELEGBEDE. Revenue into government treasury is to increase by $510 million in the long term following the resolution of outstanding issues on Oil Mining Lease (OML) 130 by Nigerian National Petroleum Corporation (NNPC) and its…

TAYO ELEGBEDE The Federal Government will on October 1, this year, roll out CNG/LPG retrofitted autogas stations nationwide. The Chairman of the Gas Expansion Programme, Mohammed Ibrahim, made this known at a stakeholders…

TAYO ELEGBEDE Oil futures traded below $42 per barrel following rising tensions between United States and China. The tensions have been precipitated by the signing of executive orders by the United States President, Donald…