Energy

Fuel pump Price Drops in Uganda

As being experienced currently in Nigeria, Fuel pump prices have dropped in Uganda, bringing a sigh of relief among the country’s motorists who hope this will eventually bring down the cost of doing business. As reported by Uganda-based daily monitor, experts attributed the trend in the falling prices in Uganda to the strengthening of the Shilling against the dollar, a stance exhibited ...

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Change in Action: Buhari Scraps Fuel Subsidy

…Cuts Down PMS Pump Price Below N87 Per Litre …as Motorists Pay Over N130 Per Litre Across The Country To ensure that fuel pump price in Nigeria reflects the crumbled world crude oil prices, the Federal government has resolved to, from January 2016, stop payment of fuel subsidy to marketers and still ensure that Nigerian motorists buy petrol at pump ...

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No Plan to Sack 1100 Staffs – NNPC

The Nigerian national Petroleum Corporation has refuted media report that it planned to sack 1,100 staff, describing the report as misleading. In a statement by the Corporation’s Group General Manager, Corporate Affairs, Mr. Ohi Alegbe, over the weekend, the organization described the report published in two different newspapers on Friday, as mischievous and a complete misrepresentation of facts. Newswatch Times ...

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GM to Power Assembly Plant with Wind Energy

…Builds 125,000 Trucks Annually with Renewable Power General Motors’ Arlington Assembly plant will soon be able to build up to 125,000 trucks a year using wind power from turbines whose blades span the length of a football field in diameter. Arlington Assembly produces more than 1,200 vehicles daily, including the Chevrolet Suburban and Tahoe; GMC Yukon and Yukon XL; and ...

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General Motors Leads in Solar Energy Use

General Motors leads the automotive industry in solar energy use in the United States, according to the Solar Means Business report released by the Solar Energy Industries Association. Continuing its investment in clean, renewable energy, the company will break ground later this month on an 850-kilowatt array at Bowling Green (Ky.) Assembly, home of the Chevrolet Corvette. Bowling Green Assembly’s ...

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Total to Lubricate Veteran Cars

To help strengthen its link with the veteran car community, Total will play a significant role in this year’s Run from capital to coast. Appreciating that older cars – the youngest on the Run is 110 years old – are not built to quite the same fine tolerances as modern cars, Total technicians will be on hand at the Run’s ...

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Nigeria’s Former Oil Minister Alison-Madueke Arrested in London

…Detained for Hours, Released on Bail Nigeria’s former petroleum minister Diezani Alison-Madueke was yesterday(Friday) arrested in London by the United Kingdom National Crime Agency (NCA)for alleged corruption and money laundering offences.  Although Motoring World confirmed from the agency’s website that its International Criminal Unit had arrested five people across London for bribery and money laundering without mentioning the names of the people ...

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Nigeria Looses Over N2 Trillion Monthly –NNPC

…As NNPC Plans to Sell Inefficient Refineries The Group managing Director of the Nigeria National Petroleum Corporation (NNPC), Dr Ibe Kachikwu, has revealed that Nigeria losses N2.2 trillion every month due to inefficiency of the nation’s three petroleum refineries. Speaking last week during an interactive session with news men, NNPC boss, therefore, warned that any refinery that fails to work ...

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Shell Partners with Ferrari

Shell has become Innovation Partner of Scuderia Ferrari for the next five years as part of a new agreement that will see the pair work closer together than ever before – not only at the top of Formula 1, but across a number of different projects. Announced ahead of the FORMULA 1 GRAN PREMIO D’ITALIA 2015, this arrangement marks a ...

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