The Nigeria Labour Congress (NLC) has called for the immediate reversal of the new price increase in pump price of petrol across the country. The Congress made the demand in a statement issued on Tuesday in Abuja by its President, Mr Joe Ajaero and made available to newsmen. The...
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An Economic Expert, Dr Sand Mba-Kalu has said the fuel price hike by NNPC Ltd. from N617 per litre to N897 litre will push more Nigerians into poverty. The expert said the sudden increase in Premium Motor Spirit (PMS) pump price by the Nigerian National Petroleum Company Limited (NNPC...
Minister of State Petroleum Resources (Oil), Sen. Heineken Lokpobiri, has said that no directive was issued to the Nigerian National Petroleum Company Limited (NNPC Ltd.) to increase petroleum prices to N1,000. Lokpobiri in a statement on Tuesday issued by his Special Adviser, Media and Communication, Nnemaka Okafor said he...
The Nigerian National Petroleum Company (NNPC) Limited has said it is seeking to engage reputable and credible Operations and Maintenance companies, to operate and maintain the Warri Refining and Petrochemical Company and the Kaduna Refining and Petrochemical Company. This was disclosed in a statement on Friday on its official...
By JOY ADARA , Abuja – The Nigerian National Petroleum Company (NNPC) Limited has denied the allegations made by former Vice President, Atiku Abubakar’s claimed that the company was hijacked by corporate cabals around President Bola Tinubu and that the retention of Mr. Mele Kyari as Group Chief Executive Officer...
The Nigerian National Petroleum Company Limited (NNPC Ltd.), says it has not paid fuel subsidy to anybody in the last nine months. Chief Financial Officer of the company, Alhaji Umar Ajiya made the clarifications on Monday in Abuja. Ajiya said the NNPC Ltd. was only taking care of Premium...
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has declared N3.3 trillion profit for the 2023 financial year. Chief Financial Officer of NNPC Ltd., Alhaji Umar Ajiya who addressed newsmen on Monday on the development, said that this was the highest profit declared by the company since inception. Meanwhile,...
By EMMANUELLA ANOKAM, News Agency of Nigeria (NAN) When the construction of the Dangote Petroleum Refinery Limited began in 2016, Nigerians were upbeat that it will crash the high price of Petroleum Motor Spirit (PMS), popularly known as fuel and also stop its importation. The refinery in size of...
By OLA MODUPE, Lagos – The management of the Dangoteaan Refinery has debunked reports of a fixed petrol price of ₦600/litre, describing them as “speculative announcements” with no factual basis. The Group Chief Branding and Communications Officer, Dangote Industries Limited, Anthony Chiejina, disclosed this in a statement issued on...
The Senate has raised concern over 1.5 billion dollars approved in 2021 for the turn-around maintenance of the Port Harcourt Refinery with little or no result. Sen. Opeyemi Bamidele, Chairman, Senate Ad Hoc Committee to Investigate the Alleged Economic Sabotage in the Nigerian Petroleum Industry, raised the concern...
A coalition of 92 Civil Society Organisations (CSOs) on Wednesday urged President Bola Tinubu not to sack Malam Mele Kyari, Group Chief Executive Officer (GCEO), Nigerian National Petroleum Company Limited (NNPC Ltd.). The coalition under the Global Centre for Conscious Living Against Corruption (GCCLAC) made the plea through...
Np The Nigerian National Petroleum Company Limited (NNPC Ltd.) has announced the introduction of Utapate crude oil blend, a new oil grade into the international crude oil market. The NNPC Ltd. said from Oil Mining Lease (OML) 13, fully operated by NEPL, NNPC Ltd’s upstream subsidiary, the Utapate crude...
Members of the House of Representatives, Reps Mukhtar Shagaya and Sesi Oluwaseun Whingan have disowned the inclusion of their names in an advertorial placed in some national dailies. The advertorial had called for caution in the ongoing probe by the joint committee on Petroleum Resources Midstream...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reported a fire incident on Akaso 4 Wellhead, operated by the NNPC 18 Operating Limited. Mrs Olaide Shonola, Head, Public Affairs and Corporate Communication, NUPRC made this known in a statement on Saturday. Shonola said that the NNPC 18 Operating...
Members of House of Representatives seem to be on a war path over the proposed probe of the operations of Nigeria National Petroleum Company Ltd. (NNPCL) under Mr Mele Kyari. A group of members of House on Saturday placed adverts in three national dailies, urging the Joint Committee...
The Chief of Naval Staff (CNS), Vice Adm. Emmanuel Ogalla, has said the Nigerian Navy arrested more than 35 ships involved in oil theft in the nation’s waters. Ogalla, who made this known during a meeting of Maritime Stakeholders on Tuesday in Abuja, said the apprehended vessels were...
The Federal Executive Council (FEC) has directed the Nigerian National Petroleum Company (NNPC) Limited to sell crude oil to Dangote Refinery and other local refineries in naira and not in United States greenback. Federal Inland Revenue Service (FIRS) boss Zack Adedeji disclosed after a FEC meeting chaired by...
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has said the tightness in fuel supply and distribution is caused by a hitch in the discharge operations of a couple of vessels. Chief Corporate Communications Officer, NNPC Ltd., Mr Olufemi Soneye, made this known on Saturday in a statement...
Reps to investigate Dangote refinery, NMDPRA, NNPC rift The House of Representatives has said that it would investigate the ongoing spat between Dangote Petroleum Refinery and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The investigation would also include the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the...
Oando Plc has denied allegations linking the company and its executives to Raz Hansir Oil Terminal Ltd., a Maltese company purportedly involved in importing adulterated petroleum products into Nigeria. Oando Plc was alleged to operate an oil storage and blending facility, and purportedly responsible for importing adulterated petroleum...