President Bola Tinubu has called for stronger cooperation with the United States, as Nigeria and the rest of the world move toward renewable and other sources of clean energy. He spoke during a meeting with United States Assistant Secretary of State, Bureau of Energy Resources, Amb. Geoffrey Praytt, at...
NNPC Ltd
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says with the removal of subsidy on Premium Motor Spirit (PMS) other interested parties are free to import products once they meet the requirements. The NMDPRA said the PMS importers must meet regulations as stipulated by the Petroleum Industry Act...
By JOY ADARA, Abuja – Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Ahmed Tinubu to “set up a presidential panel of enquiry to promptly probe the grim allegations that US$2.1 billion and N3.1 trillion public funds of oil revenues and budgeted as fuel subsidy payments are...
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it will no longer fix prices or release templates for Premium Motor Spirit (PMS). Authority Chief Executive (ACE), Mr Farouk Ahmed, who said this at a news conference in Abuja on Friday, said that market forces would henceforth dictate...
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it is working with the NNPC Ltd. and other stakeholders to guarantee a smooth transition following the removal of fuel subsidy. The News Agency of Nigeria (NAN) reports that President Bola Tinubu, in his inaugural speech on Monday, said...
The Nigerian National Petroleum Company Limited (NNPC Ltd) says the decision to remove subsidy on Premium Motor Spirit (PMS) known as fuel by President Bola Tinubu is a welcome development. Malam Mele Kyari, Group Chief Executive Officer (GCEO), NNPC Ltd. made this known at the NNPC Ltd. Towers in...
The Nigerian National Petroleum Company Limited (NNPC Ltd), says Nigeria’s domestic gas infrastructure network has capacity to transport 6.9 billion Standard Cubic Feet (BCF) of gas to support power generation and gas-based industries. Malam Mele Kyari, Group Chief Executive Officer (GCEO), NNPC Ltd., made this known on Thursday in...
By DANJUMA JOSEPH, Lafia – President Muhammadu Buhari, has officially flagged off the spud-in of the Ebenyi-A Well located in the Middle Benue Trough, in Obi Local Government of Nasarawa State, Tuesday. Governor Abdullahi Sule, of Nasarawa State, while speaking at the occasion, appealed to both the President and...
By DAVID IORJA, Abuja – President Muhammadu Buhari on Tuesday declared that the discovery and drilling of oil in Nasarawa State will lead to greater prosperity for Nigerians as well as enhance overall energy security for the country. In his virtual message to the official spud-in of the Ebenyi-A...
Mr Jean-Marc Cordier, a former Vice President of the Abu Dhabi National Oil Company (ADNOC), has joined the services of the Nigerian National Petroleum Company Ltd (NNPCL). This is contained in a statement by Mr Garbadeen Muhammad, the Chief Corporate Communications Officer, NNPCL, on Monday in Abuja. Muhammad said...
By JOY ADARA, Abuja – The Nigerian National Petroleum Company Ltd. (NNPCL) has attributed fuel queues in Abuja and some parts of the country to restrictions of businesses and movement during the presidential and National Assembly elections. The NNPC Ltd Chief Corporate Communications Officer, Mr. Mr Garba Deen Muhammad,...
Some financial analysts have urged the Federal Government to totally deregulate the petroleum industry and reinvest its subsidy payment to more productive sectors of the economy. They gave the advice in separate interviews with the News Agency of Nigeria, (NAN) in Lagos on Thursday. Dr Austine Nwaeze, a former...
Mr Timpre Sylva, Minister of State for Petroleum Resources, says Federal Government has taken bold actions to stop the ongoing petrol crises across the country, while assuring massive distribution of the product.. Sylva, gave the assurance after his tour of some selected petroleum dispensing outlets in Lagos on Friday...
The Independent Petroleum Marketers Association of Nigeria (IPMAN), on Friday, said that its members were not buying petrol at N172 per litre, as being insinuated. IPMAN’s Chairman, Western Zone, Alhaji Dele Tajudeen, stated this in an interview with the News Agency of Nigeria (NAN) in Ibadan. Tajudeen described the...
The Lagos State Government on Wednesday announced a 50 per cent cut in fares on all government-owned transportation system. Gov. Babajide Sanwo-Olu made the announcement at the Lagos House Marina, while addressing newsmen on the fuel shortage and currency exchange crisis in the country. Sanwo-Olu said that the 50...
Prof. Mahmood Yakubu, the Chairman of the Independent National Electoral commission (INEC) says the 2023 general elections will hold as scheduled. Yakubu said this on Wednesday in Abuja when he fielded questions from State House Correspondents after he briefed the Federal Executive Council (FEC)on level of preparedness for the...
The Federal High Court, Abuja, will on Tuesday, deliver judgment in the trial of Jide Omokore, an ally of former Petroleum Minister, Mrs Diezani Allison-Madueke. Omokere, alongside Victor Briggs, Abiye Membere, and David Mbanefo were docked on a nine-count criminal charge bordering on diverting about 1.6bn dollars alleged to...
The lndependent Petroleum Marketers Association of Nigeria (IPMAN) has dispelled the rumour that marketers will shutdown operations once the government starts the enforcement of N195 per litre pump price on Monday. Mr Mike Osatuyi, IPMAN’s National Operations Controller, said the insinuation that marketers planned to shutdown operations from Monday...
The Federal Government says it is focused on ensuring that the Premium Motor Spirit (PMS) scarcity and queues are normalised. Chief Timipre Sylva, Minister of State, Petroleum Resources, made this known on Friday while speaking with newsmen shortly after inspecting some filling stations in the Federal Capital Territory (FCT),...