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    Kapital FM 92.9 The Station that Rocks!

Petroleum

5 Results / Page 1 of 1
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Economy

Failure To Comply With Petroleum Act Undermines Economic Growth In Imo- Reps

The House of Representatives has warned that the failure of oil and gas companies to comply with petroleum and local content laws is depriving Imo State of jobs, revenue, and community development. This followed the adoption of a motion by a member from Imo State, Chike Okafor during plenary, which alleged that several oil firms had failed to establish operational offices in Imo or employ qualified local workers as required […]

todayOctober 16, 2025

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National

FG Implementing Presidential CNG Initiative To Reduce Demand For Petroleum

Minister of Solid Minerals Development, Dr. Dele Alake says the present administration is implementing the Presidential Compressed Natural Gas Initiative to reduce the demand for petroleum. Dr. Alake stated this at the opening of the 4th African Natural Resources And Energy Investment Summit, AFNIS at the Presidential Villa in Abuja. He said that Nigerians have fully embraced the initiative with patriotic enthusiasm as more than 2,500 vehicles were converted to […]

todayJuly 16, 2025

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FCT

Petroleum Act Significant In More Investment, Job Opportunities- Wike

  Minister of the Federal Capital Territory, Nyesom Wike, says the Petroleum Industry Reform Act, 2021, has significantly opened the door for greater investments, innovation and job opportunities in Nigeria. The Minister also said the Act has laid the groundwork for a more transparent, efficient, and competitive petroleum industry. Wike stated this at a two-day retreat, organised by Members of the House of Representatives on Economic Transformation and Development Towards […]

todayApril 30, 2024

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National

House Moves To Investigate Pretroleum Products Racketeering

House of Representatives is to investigate syndicates involved in petroleum product racketeering and status of over 23 NNPC depots and national pipeline networks across the country. Chairman, House Committee on Petroleum Resources (Downstream) Ikenga Ugochinyere, made this known in Abuja while reading the communiqué issued after a meeting between the National Association of Road Transport Owners, NARTO and the Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN. According to […]

todayFebruary 25, 2024

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Featured

Absence Of Petroleum Ministers Stall Budget Defence

  By Oduyemi Odumade The absence of the two Ministers in charge of Petroleum Resources (Oil and Gas), Senator Heineken Lokpobiri and Mr Ekperipe Ekpo, stalled the budget defence of the ministry before a Joint Committee of Senate and House of Representatives. The Joint Committee rejected a representation from the Ministry and asked that the two ministers to appear before them on Monday, December 18. The adjournment followed a motion […]

todayDecember 14, 2023