Incessant Fuel Scarcity: LCCI Proffers Solution

By: FRANK BOYEDE The Lagos Chamber of Commerce and Industry (LCCI) has called on president Buhari’s government to remove regulatory power from Nigerian National petroleum Corporation (NNPC) in other to put a permanent end to fuel scarcity in the country. In a statement signed by the Chamber’s Director-General, Mr. Muda Yusuf on Sunday, the Chamber observed that a situation in ...

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Oil Workers Call off Strike, Commence Loading of Petrol

A strike by oil workers under the auspices of NUPENG and PENGASSAN against the restructuring of Nigeria National Petroleum Corporation (NNPC) has been suspended, a union official said on Thursday. Alhaji Tokunbo Korodo, South-West Chairman of the NUPENG made this known to the News Agency of Nigeria (NAN) in Lagos. Korodo said that the strike was called off after a ...

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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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