The Independent Petroleum Marketers Association of Nigeria (IPMAN) Depot Chairmen Forum, has exonerated its members from the current fuel scarcity in the country. According to IPMAN, the fuel scarcity is caused by its inability to source petroleum products. The IPMAN Depot Chairmen Forum also threatened to withdraw its...
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The Nigerian National Petroleum Company Ltd. has assured Nigerians that the ongoing fuel scarcity and queues will be cleared out Wednesday, May 1. Chief Communications Officer, NNPCL, Mr Olufemi Soneye, told the News Agency of Nigeria (NAN) on Tuesday in Lagos. According to Soneye, the company currently has...
By EZEKIEL OBI, Abuja – Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian National Petroleum Company (NNPC) Limited over the “failure to account for and explain the whereabouts of the alleged missing USD$2.04 billion and N164 billion oil revenues.” The suit followed...
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has said the issues that led to the tightness in the supply of fuel currently being experienced in some parts of the country have been resolved. The NNPC Ltd. said that the issues were as a result of logistics problems....
Motorists in the Federal Capital Territory (FCT), have expressed worry over the long queues being presently experienced due to scarcity of Premium Motor Spirit (PMS) known as fuel. The News Agency of Nigeria (NAN), correspondent, who went round the town on Wednesday reports that long queues were seen...
By MBAFAN ADE, Abuja – Keen on optimising production from the nation’s hydrocarbon assets to boost revenues and meet the nation’s OPEC production quota, the Nigerian National Petroleum Company Limited (NNPC Ltd) and its Joint Venture partner in the Awoba Unit Field, Newcross Exploration and Production Ltd, have restarted...
By OLA MUDOPE, Lagos – The management of the Nigerian National Petroleum Company Ltd.(NNPCL) has attributed the insufficient supply of petroleum products to some filling stations in Lagos to an issue at one of its depots in the state. The Chief Corporate Communications Officer of NNPCL, Mr Olufemi Soneye,...
The Nigerian National Petroleum Company Limited (NNPC Ltd.), has underscored the need of bridging the energy access gap to spur economic prosperity of the country. The Group Chief Executive Officer of NNPC Ltd, Malam Mele Kyari stated this at the Society of Petroleum Engineers Oloibiri Lecture Series and...
.By JOY ADARA, Abuja – The Nigerian National Petroleum Company Limited (NNPC Ltd.) has clarified that the rumours suggesting a price adjustment for Premium Motor Spirit (PMS) and Automotive Gas Oil (Diesel) at its retail outlets nationwide are false. Chief Corporate Communications Officer, NNPC Ltd., Mr Olufemi Soneye, said...
The Ministry of Petroleum Resources as well as its agencies and parastatals are expected to brainstorm on emerging developments in the oil and gas industry, at a sectoral retreat scheduled to hold in Abuja. Deputy Director, Press and Public Relations, Ministry of Petroleum Resources, Mrs Oluwakemi Ogunmakinwa, said...
By MBAFAN ADE, Abuja – The Nigerian National Petroleum Corporation (NNPC) Ltd will be at the 2024 CERAWeek Conference scheduled to hold in Houston, United States from 18th to 22nd March 2024. GCEO, NNPC Ltd, Mr. Mele Kyari will headline the Plenary Session titled “Leadership Dialogue” on...
An Energy expert, Prof. Billy Okoye has unveiled `AptFuel Technology’, an application capable of navigating and accessing availability, prices and ratings of petroleum products at fuel stations nationwide. Okoye, Coordinator, Oil, Gas and Energy Marketing, University of Abuja Business School, and a former Group Executive Director, Nigerian National...
The House of Representatives has decried the recurring destruction of oil and gas pipelines in the country. Rep. Alhassan Ado-Doguwa, Chairman Special Committee on Oil Theft, condemned the act at a meeting with the Nigerian National Petroleum Corporation (NNPC) Ltd. in Abuja. The engagement was to unravel the...
The Federal Government said on Tuesday that none of the International Oil Companies (IOCs) doing business in Nigeria has left as against insinuations. Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, gave the clarifications during the inauguration of the ongoing Nigeria International Energy Summit (NIES 2024), at...
By JEROME-MARIO UTOMI, Asaba – A group of Non-Governmental Organizations (NGOs) and Media Professionals have appealed to His Excellency, Bola Ahmed Tinubu, President, Federal Republic of Nigeria, the Nigerian National Petroleum Company Limited, NNPCL, to end gas flaring in Ubeji Community, a sleepy Satellite community located around the...
By JOY ADARA, Abuja – The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd), Mr. Mele Kyari, says no public wealth creation endeavour can achieve any meaningful success without energy security. The GCEO stated this in a presentation at the Ministry of Finance Incorporated...
The Biennial Sports Fiesta of the Nigeria National Petroleum Company Limited (NNPCL) has opened in Abuja on Sunday with athletes from the company’s three zones participating. The athletes will compete for laurels in football, basketball, volleyball, chess, squash, scrabble, 8-ball pool, golf, tennis, table tennis, badminton, swimming and Athletics....
By JOY ADARA, Abuja – Socio-Economic Rights and Accountability Project (SERAP) has urged Mr Mele Kolo Kyari, Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited to “promptly account for and explain the whereabouts of the alleged missing USD$2.04 billion and N164 billion oil revenues.”...
Partner, Bloomfield Law Practice, Dr Ayodele Oni, has said the plan to domicile crude oil sales account with Central Bank of Nigeria (CBN) will help in promoting accountability and transparency. Oni made the observation in an interview with the News Agency of Nigeria (NAN) on Sunday in Lagos....
By MBAFAN ADE, Abuja – In line with President Bola Ahmed Tinubu’s directive to the Nigerian National Petroleum Company Limited (NNPC Ltd) to optimise production from the nation’s oil and gas assets, the Company has announced the successful commencement of oil production from the Akpo West Field. The milestone,...