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Ex-PHCN Staff Association Asks Members To Register, Pushes For Payment Of Outstanding Entitlements

The Association of Staff of the defunct Power Holding Company of Nigeria ( PHCN) has called on its members across the nation who are yet to register with the body to do so without delay. The call was made by the General Secretary of the Association, Mr. ‘Yinka Adeyemo  on behalf of the President  Mr Stanley Ilumah during a familiarization ...

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Breaking News: Again, FG Increases Electricity Tariff Hike

The Nigeria Electricity Regulation Commission (NERC) has announced a new electricity tariff hike of 50%. The new tariff regime takes effect from the 1st of January and to be complied with by customers of the 11 electricity Distribution Companies. The new tariff is contained in the revised Multi-Year Tariff Order (MYTO) signed by the new Chairman of NERC, Engr. Sanusi ...

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Nigerians To Buy Petrol N162 per Litre From Next Monday

The Nigerian National Petroleum Corporation (NNPC) had agreed to slash N5 from N167.44 per litre during the negotiations with labour that ended early Monday morning. The Minister of Labour and Employment, Dr Chris Ngige, who spoke after the negotiations, stated that the reduction would bring down the pump price of Premium Motor Spirit (PMS) to N162.44K. Ngige further stated that ...

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Strike: FG, Oil Workers Talks Deadlocked

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), yesterday, said a meeting it held with the Federal Government was inconclusive. The union’s President, Mr Felix Osifo, who disclosed this in a statement, said the meeting ended in a deadlock because the government was yet to address some of PENGASSAN’s demands. The union on Monday embarked on an indefinite ...

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Fire Engulfs Tank Farm In Lagos

A fire erupted at a tank farm in the Ijora-Badia area of Lagos State on Thursday, according to the Lagos State Emergency Management Agency. The agency, in a statement signed by its Director-General, Olufemi Oke-Osanyintolu, said it has “activated its emergency response plan and all relevant stakeholders have commenced appropriate measures to combat the flames and prevent secondary incidents. “Lagosians ...

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Ex-PHCN Workers Storm Ibadan, Demand Payment Of Benefits

The Association of Former Staff of PHCN storm Ibadan, demands the payment of outstanding benefits of almost 50,000 disengaged staff of the defunct Power Holding Company of Nigeria [PHCN] since 31st October 2013. PHCN was unbundled and discontinued as a Government parastatal effective 1st November, 2013. The Association said payment of outstanding benefits include short payment of severance and gratuity, ...

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Breaking News: Explosion Kills Seven At Benin River Valve Station – NNPC

The Nigerian National Petroleum Corporation (NNPC) has reported an explosion incident which occurred at Gbetiokun, OML 40 and operated by the Nigerian Petroleum Development Company (NPDC), on behalf of the NPDC/Elcrest Joint Venture leading to the death of seven people . The incident, which occurred on Tuesday during the installation of a ladder on a platform (Benin River Valve Station) ...

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Oil Price Rises Above $31 As Demand Gradually Increases

On Wednesday, oil price rose above $31 per barrel, raising hopes for economic recovery as some countries ease coronavirus lockdowns. Brent crude has almost doubled since it hit a 21-year low on April 22, as there are expectations that demand will recover and also, a supply cut led by the Organisation of the Petroleum Exporting Countries may be recorded. Brent ...

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Oil Price Hits $34 As Trump Lobbies Saudi Arabia To Cut Production

Crude oil prices rose above $30 on Friday after indications that oil-producing partners of the Organisation of Petroleum Exporting Countries, also known as OPEC+, would hold a meeting on Monday. Donald Trump, president of the United States, had said a production cut as high as 15 million barrels may be implemented. He, however, did not indicate if the US would ...

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FG Reduces Fuel Price To N125 From N145 Per Litre

The Nigerian National Petroleum Corporation (NNPC) says the fuel pumps at its retail stations will be adjusted to N125 for each litre of petrol on Thursday. Mele Kyari, NNPC group managing director, said the adjustment is in compliance with the directive given by Timipre Sylva, the minister of state for petroleum resources. “In compliance with the directives of the honourable ...

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