The Sun News
  • Subsidy: Disincentive to downstream investment –Petroleum Club

    By Adewale Sanyaolu The Petroleum Club, an advocacy group of leaders in the oil sector, has warned that subsidy is a disincentive to both investment in the downstream and efficiency in fuel consumption. According to its Chairman, Board of Governors, Mr. Godswill Ihetu, while the intentions of subsidy may be good, but it distorts the…

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  • Racketeering: DPR seals 3 filling stations in Epe, Ibeju Lekki

    By Adewale Sanyaolu Efforts to ensure that marketers adhere to the approved retail price of petrol received a boost as the Department of Petroleum Resources (DPR) yesterday, sealed three filling stations in Ibeju Lekki and Epe in Lagos for hoarding fuel and selling above pump price. Chief Mechanical Engineer of DPR, Mr Igheghe Abel, who…

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  • Flour Mills gets regulators’ nod for N40bn rights issue

    By Chinwendu Obienyi Flour Mills of Nigeria (FMN) Plc has received clearance from the Securities and Exchange Commission (SEC) and the Nigerian Stock Exchange (NSE) to proceed with series one of the rights issue programme. This follows the receipt of the firm’s shareholders’ approval in 2015 to raise additional capital through a rights issue programme…

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Online Editor: Aderonke Bello
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