By SADIQ ABUBAKAR, Maiduguri – President Muhammadu Buhari on Thursday in Maiduguri, Borno State, said more cooperation among elites in the country, with a commitment to inform people on realities and mobilize for development will help in resolving the challenges facing the nation. In a courtesy call at the...
NNPC
By JOY ADARA, Abuja – The Nigerian National Petroleum Company (NNPC) Ltd. says the Petroleum Products Marketing Company (PPMC), its downstream subsidiary made a sum of ₦203.73 billion on the sale of white products in July 2021. This is contained in the July 2021 figures of the NNPC Monthly...
The Federal Government and the Nigeria National Petroleum Corporation (NNPC) Ltd on Tuesday signed a Memorandum of Understanding of N621 billion to fund the construction of critical road infrastructure across the country. The Tax Credit MoU, which was signed in Abuja by the Minister of Works and Housing, Mr...
By JOY ADARA, Abuja – The Nigerian National Petroleum Company Limited (NNPC) has drawn the attention of the general public to a fake competition trending online which claims to celebrate its so-called “Anniversary Event”. A statement Issued on Monday by Garba Muhammad, Group General Manager, Group Public Affairs Division,...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has assured Nigerians of availability of petroleum products across the country during the yuletide. IPMAN’s President, Mr Chinedu Okoronkwo, gave the assurance in an interview with the News Agency of Nigeria (NAN) on Wednesday in Lagos while reacting to resurfacing of...
By JOY ADARA, Abuja – The Nigerian National Petroleum Company (NNPC) Ltd has urged Nigerians not to engage in panic buying but to fully enjoy the spirit of the festive season as it continues to work tirelessly to ensuring sufficient supply of petrol to every part of the country....
Introduction At the beginning of this month November 2021, President Buhari announced at that Nigeria has pledged to eliminate illegal gas flaring (which he said was Nigeria’s single greatest contribution to greenhouse emissions) by 2030. The President made the commitment at the UN Climate Change Conference Glasgow 2021 tagged...
By MBAFAN ADE, Abuja – Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Limited, Malam Mele Kolo Kyari, said on Monday that the high price of Liquefied Petroleum Gas (LPG), otherwise known as cooking gas, was a reflection of the rising price of crude oil and its...
The Agbara-Seme border section of Lagos-Badagry expressway project will receive N15 billion of NNPC tax credit fund, Federal Controller of Works in Lagos, Olukayode Popoola, has said. Popoola told the News Agency of Nigeria (NAN) in Lagos on Sunday that the intervention funding would fast track the ongoing reconstruction...
About 82 Civil Society Organisations (CSOs) under the aegis of “Civil Society Coalition for Economic Development (CED) have hailed President Muhammadu Buhari over plans to end subsidy regime in Nigeria. The coalition gave the commendation in a seven-point communique issued at the end of a conference of the Coalition...
The Nigerian National Petroleum Company (NNPC) Limited started its activities for the week at the World Bank Nigeria Development Update in Abuja, with a fresh commitment to the ongoing reform in the oil and gas sector in Nigeria. The event which held at the Transcorp Hilton Hotel in Abuja...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has backed the Federal Government’s plan to remove subsidy on Premium Motor Spirit (PMS), also known as petrol by 2021. IPMAN’s President, Mr Chinedu Okoronkwo, told the News Agency of Nigeria (NAN) on Friday in Lagos that the Petroleum Industry Act...
The Nigeria National Petroleum Company Limited (NNPC), Gas Aggregation Company of Nigeria (GACN) and Nasarawa State Government have signed a Memorandum of Understanding (MoU) for the supply of gas to industries and investors in Nasarawa State. The MoU for the gas supply was signed on Thursday in Lafia at...
The Nigeria Labour Congress (NLC) has rejected a planned petrol price hike in the country and the Federal Government’s proposal to pay the sum of N5000 monthly to Nigerians as palliative. NLC President, Ayuba Wabba in a statement on Wednesday described the plan of the Federal Government as a...
The Federal Government has again dismissed reports on plans to hike fuel price in the country. Chief Executive Officer of the Midstream Petroleum Regulatory Authority, Farouk Ahmed, who made this position known in Abuja on Tuesday, reassured that there were no plan to increase the official price of Premium...
The Governor of Kaduna State, Malam Nasir El-Rufai, has said the state governments are ready to support the Federal Government in the elimination of fuel subsidy regime. El-Rufai gave the assurance on Tuesday in Abuja, at the presentation of the World Bank Nigeria Development Update, November 2021 edition titled...
The Group Managing Director (GMD)/Chief Executive Officer (CEO) of the Nigerian National Petroleum Company Limited, Malam Mele Kyari, started his weekly activities with an interview with Bloomberg TV in Abu Dhabi, the United Arab Emirates (UAE). Kyari said in the interview that Nigeria would ramp up oil production to...
The Export-Import Bank (AfreximBank) has signed a $US1.04 billion facility with the Nigerian National Petroleum Corporation (NNPC) to finance the exploration of petroleum. The agreement was concluded on Tuesday in Durban during the second Intra-Africa Trade Fair (IATF2021), which opened on Nov.15 and runs until Nov. 21, 2021, a...
Long queues have resurfaced in Abuja filling states as motorists struggle to purchase Premium Motor Spirit, also known as petrol. The News Agency of Nigeria (NAN) reports that most fuel stations were locked while long queues were noticed in retail outlets in Wuse, Gwarimpa, Wuye and Kubwa expressway on...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has assured Nigerians of availability of petroleum products, allaying fears of possible scarcity in some parts of the country. IPMAN’s President, Mr Chinedu Okoronkwo, gave the assurance when he spoke with the News Agency of Nigeria (NAN) on Friday in Lagos....