Introduction The war in Russia and Ukraine is contributing to the fuel scarcity in Nigeria. This is a crisis the Government of Nigeria is living in denial to admit and tell the truth about. The current fuel scarcity may have started with the importation of adulterated petrol but the...
NNPC
The House of Representatives ad-hoc Committee on the recovery of outstanding debts owned the Federal Government by Oil and Gas companies in Nigeria, has invited the Nigeria National Petroleum Corporation (NNPC) and many others for investigation. Others invited include the Niger Delta Development Commission (NDDC), Federal Inland Revenue (FIRS),...
President Muhammadu Buhari has endorsed a plan to conclusively end the fuel scarcity in the country, a presidency official has said. The official, who disclosed this on Sunday in Abuja, said the plan would ensure that incidence of fuel scarcity does not occur again. He said that in a...
Airline operators in Nigeria have alleged hijacked of aviation fuel by supply chain of the Jet A1 fuel, thereby driving up the price through artificial scarcity. The operators also expressed worry over the safety of airlines in Nigeria, adding that they were disturbed in the face of continuous hike...
Minister of State for Petroleum Resources, Mr Timipre Sylva, on Wednesday in Abuja updated the Federal Executive Council (FEC) on the availability of 1.9 billion litres of petrol. He said the quantity was enough to last the country for 32 days. Group Managing Director of the NNPC, Mr Mele...
The Ajaokuta-Kaduna-Kano Natural Gas Pipeline Project (AKKP), has reached 73.3 per cent completion stage, Mr Abdulkadir Ahmad, Group Executive Director, Gas and Power, Nigeria National Petroleum Corporation, has revealed. The News Agency of Nigeria (NAN) gathered that the AKKP was approved by the Federal Government, aimed at transporting natural...
The scarcity of Premium Motor Spirit, popularly called petrol, has refused to abate despite claims by the Nigerian National Petroleum Company (NNPC) Limited that it has been releasing hundreds of millions of litres of petrol to address the situation. In its latest weekly national PMS evacuation report for February...
The Minister of State, Petroleum Resources, Chief Timipre Sylva, says the Federal Government and regulatory authorities are making efforts to address fuel scarcity by ensuring that supply disruption is overcome. The minister made this known to newsmen on Thursday in Abuja after a meeting with some key leaders in...
The Nigerian National Petroleum Corporation Ltd (NNPC) on Wednesday sealed a deal with partners on gas aggregation to increase local production of fertiliser in the country. The Gas Aggregation Agreement was signed in Abuja on the sideline of the ongoing fifth Nigeria International Energy Summit (NIES 2022) with the...
The Nigeria National Petroleum Corporation Ltd. (NNPC) has commenced loading of trucks at all depots to clear current scarcity experienced across the country. It added that there was availability of 1.7 billion litres of petrol currently in stock. The NNPC, Group Managing Director, Malam Mele Kyari, made this known...
The Group Managing Director, Nigeria National Petroleum Corporation Limited (NNPC) Malam Mele Kyari, says the corporation is being transformed to be the fifth Gas producing company in the world. Kyari noted that NNPC was currently working on a platform that would create a hub of gas industries that would...
The Group Managing Director, Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, has said International oil companies are leaving Nigeria and shifting their portfolios to where they can add value to the journey towards carbon net-zero commitment, Mr Kyari said this in a speech at the 2022 Nigerian International...
The Federal High Court, Abuja, granted a garnishee order absolute, on Central Bank of Nigeria (CBN) to release N81.9 billion to Ibeno Local Government Area of Akwa Ibom. The money is standing to the credit of the Nigerian National Petroleum Corporation (NNPC) and it’s joint venture partner, Mobil Producing...
The Nigerian National Petroleum Company Limited (NNPC Ltd.) gave Nigerians especially those in the Niger Delta cheering news that it had achieved a 30 per cent reduction in gas flares across its operational areas over the last five years. The Group Managing Director/Chief Executive Officer, NNPC Ltd., Malam Mele...
The multinational holds 40 per cent in the partnership through MPNU and NNPC the remainder. Seplat Energy entered into a contract with a Nigerian unit of Texas-based supermajor Exxon Mobil, Mobil Producing Nigeria Unlimited (MPNU), with a view to procuring the latter’s entire oil assets in Africa’s biggest crude...
The Nigerian National Petroleum Company (NNPC) Limited started its week with an assurance to Nigerians that the distribution of Premium Motor Spirit (PMS) would soon normalise after it recalled the bad product imported into the country last week. The NNPC Group Executive Director (GED) Downstream, Adetunji Adeyemi, gave the...
By TOM CHIAHEMEN, Lagos – It has been revealed that prior to the adoption of local content by the Obasanjo Administration, the Nigerian Oil and Gas industry was characterized by massive capital flights of over $380 Billion and an estimated two million job losses over a 50-year period. Also,...
The Petroleum Tanker Drivers arm of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and the Nigerian Association of Road Transport Owners (NARTO) have shelved their planned strike. The groups had threatened to go on strike over claims of diversion of the N621bn road fund provided by...
Residents of Kaduna groaned on Wednesday as black marketers sell Premium Motor Spirit, popularly known as petrol for N1,000 per litre in parts of the state. This comes amid the fuel scarcity that hit the country recently and has yet to abate. Channels TV observed that motorists continue to...
…As NNPC CEO assures fuel queues will vanish in few days By EZEKIEL OBI, Abuja – The Chairman, House of Representatives Committee on Petroleum (Downstream), Hon. Abdullahi Mahmud Gaya has assured Nigerians that his Committee will handle companies who imported methanol-blended Premium Motor Spirit (PMS) into the country. The...