By Bassey Udo  The Federal Government has no plans to sell the Transmission Company of Nigeria (TCN), the Bureau of Public Enterprises (BPE) has said.  The privatization agency was reacting to media reports that the government…

Energy Transition: PIA’s the key to fresh investments in Nigeria’s Oil, Gas Sector, says Sylva

By Bassey Udo The Petroleum Industry Act (PIA) enacted by President Muhammadu Buhari last August after almost two decades of waiting holds the key to new investments to realise the global energy transition agenda, Minister of…

Dangote Cement celebrates winners in its N1bn promo in Jos, Ogun

MEDIATRACNET About 50 winners who emerged as instant Millionaires in the Dangote Cement Plc. Consumer Promo Bag of Goodies 3 who emerged in the Northeast region, along with 10 others from the South-West were celebrated and…

FIRS warns MDAs against outsourcing tax services to consultants

By Bassey Udo Outsourcing the collection of taxes due to the Federal Government or any of its agencies to consultants and concessionnaires is infringing on the mandate of the Federal Inland Revenue Service (FIRS), government Ministries,…

NPDC Sangama Well 6 gas leak: NUPRC mobilises repairs

MEDIATRACNET The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Tuesday reported a gas leak incident on the Nigerian Petroleum Development Company’s (NPDC), Well 6, in Sangama community, Bonny Local Government Area of Rivers State. The Commission…

Nigeria’s foreign debt climbs by 288.6% in 7 years under Buhari, DMO data shows

By Bassey Udo From a total of about $10.32 billion as of June 30, 2015, Nigeria’s total foreign debt stock under President Muhammadu Buhari administration has climbed by about 288.6 percent to about $40.1 billion, latest…

Upstream industry regulations: NUPRC gazettes host community trust law; finalizing five others

By Bassey Udo The Nigerian Upstream Petroleum Host Communities Development Regulations has been published in the Federal Government Gazette, the upstream petroleum industry regulator has disclosed. Five other draft regulations identified and presented by the Nigerian…

Backward Integration: Dangote Group invests big in raw sugar production

By Bassey Udo To realise the objectives of the Federal Government’s backward integration policy in the sugar loopr sector, Dangote Sugar Refinery Plc (DSR) has continued to scale up its investment in raw sugar production in…

CNN interview: It’s now Tinubu’s turn

By Etim Etim Peter Obi’s 12-minute interview on CNN last Friday has triggered quite an interesting debate on many social media platforms. His supporters think that Obi not only gave a good account of himself, but…

Benin DISCO ownership crisis: BPE’s afraid fallouts may plunge 4 states into darkness

By Bassey Udo The Bureau of Public Enterprises (BPE) has described as unfortunate the deepening crisis over the ownership of Benin Electricity Distribution Company (BEDC). The privatization agency said on Saturday in Abuja that it was…

Labour’s opposition to fuel subsidy removal unchanged; Wabba tells APC’s Keyamo

By Bassey Udo The support of organised Labour to the presidential candidate of the Labour Party in the 2023 presidential elections, Peter Obi, does not contradict its well-known opposition to the removal of subsidy on petroleum…