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Tag: NNPC

Reps summon NNPC GMD over audit query of N3.878trn unremitted revenue

The House of Representatives Committee on Public Accounts has summoned the Group Managing Director of the Nigeria National Petroleum Corporation (NNPC), Mele Kyari, to...

Senate president vows to pass PIB into law in 2021

The President of the Senate, Ahmad Lawan, has vowed to ensure that the Petroleum Industry Bill (PIB) is passed into law in 2021. Lawal who...

Deregulation: You’re deceiving Nigerians, IPMAN charges at FG

The National Operations Controller of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Mr Mike Osatuyi has picked holes in the implementation of the...

Nigeria signs MoU to import fuel from Niger Republic

The Nigerian government, through the ministry of petroleum resources, has signed a memorandum of understanding with the government of Niger Republic for petroleum products...

This is not deregulation, please let us show compassion and mercy on toiling Nigerians

By Dr Nnaemeka Onyeka Obiaraeri As at close of business yesterday, November 13, 2020, the FOB price of a metric ton of Gasoline (Premium Motor...

Just In: NNPC raises petrol depot price, marketers to sell at N168-N170/litre

The Petroleum Products Marketing Company, a subsidiary of the Nigerian National Petroleum Corporation, has increased the ex-depot price of Premium Motor Spirit, also known...

NNPC allays fear of petrol scarcity says, we’ve 2.9bn litres of product in stock

Barely 24 hours after the members of the Petroleum and Natural Gas Senior Staff Association (PENGASSAN) and the National Union of Petroleum and Natural...

RMAFC accuses NNPC of illegal withdrawal of $20bn from NLNG account

The House of Representatives Committee on Public Accounts has summoned the Group Managing Director of the Nigeria National Petroleum Corporation (NNPC), Mele Kyari, over...

NNPC warns against panic buying as queues appear in Abuja, says no cause for alarm

The Nigerian National Petroleum Corporation (NNPC) has cautioned motorists not to engage in panic buying of petrol, assuring of normalcy in the supply of...

Senate passes PIB for second reading, adjourns plenary to Nov 24

The Senate Tuesday passed for second reading, the Petroleum Industry Bill (PIB) 2020 after exhaustive debates by senators across party divides. The upper legislative chamber...

NNPC, PPPRA to be scrapped in PIB transmitted to NASS by Buhari

President Muhammadu Buhari has transmitted the much awaited Petroleum Industry Bill 2020 to the National Assembly and has proposed the creation of the Nigerian...

FG gives marketers nod to import, fix fuel price as it adopts full deregulation

The federal government has now given oil marketers the full liberty to bargain, import and determine how much they will sell petrol to the...

Despite not functioning, FG expends N10.47bn on refineries in April 2020

Despite not processing petroleum products for years, the federal government has continued to spend hugely on the nation’s three petroleum refineries.

Nigerians ought to buy petrol at N70 not N108, PDP tells FG

The PDP notes that the N108 ex-depot price with a projected additional N9 per liter Expected Open Market price is therefore completely unacceptable to Nigerians.

Nigeria posts $434.85m crude oil sales amid falling prices

Amid global fall in crude oil price, Nigeria recorded crude oil and gas export sales of $434.85 million in January, 2020, an increase of 94.30 per cent pitched against the December 2019 figures.

Again, FG slashes petrol price to N123.50 per litre

The Federal Government, Tuesday, further slashed the price of Premium Motor Spirit, PMS, also known as petrol, to N123.50 per litre, with effect from April 1, 2020, from N125 per litre.

NNPC urges security not to harass petrol tanker drivers during lockdown

The Nigerian National Petroleum Corporation (NNPC) has appealed to law enforcement agencies across the country to allow petroleum products tanker drivers free movement during the lockdown ordered in parts of the country by President Muhammadu Buhari and some state governments.

NNPC discovers crude oil, gas in Northern Nigeria

The Northern part of Nigeria has joined the league of oil-producing regions, as the Nigerian National Petroleum Corporation, NNPC, Friday, announced that it has discovered crude oil, gas and condensates in the Kolmani River region at the border community between Bauchi and Gombe states.

Ughamadu bids NNPC farewell after contract lapses

The spokesman of the Nigerian National Petroleum Corporation (NNPC) Mr. Ndu Ughamadu has left the services of the corporation as its official spokesperson after completing a three-year contract he signed with the corporation.

NNPC to begin full rehabilitation of refineries in 2020 – Kyari

The Nigerian National Petroleum Corporation (NNPC) says it will begin full rehabilitation of the nations three refineries by January 2020.
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Reps summon NNPC GMD over audit query of N3.878trn unremitted revenue

The House of Representatives Committee on Public Accounts has summoned the Group Managing Director of the Nigeria National Petroleum Corporation (NNPC), Mele Kyari, to...

Nigeria’s football establishment mourn Ex-Super Eagles defender, Yisa Sofoluwe

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