Three persons have been confirmed dead in a helicopter crash that occurred in Port Harcourt, the Rivers State capital, on Thursday. The accident according to Channels reports occurred at 11:22 a.m. along the waterways in Port Harcourt when the helicopter, a Sikorsky SK76 with registration 5NBQG and operated by...
NNPCL
The Dangote Petroleum Refinery and Petrochemicals FZE has prayed a Federal High Court in Abuja to nullify import licences issued to the Nigeria National Petroleum Corporation Limited (NNPC) and five other companies for the purpose of importing refined petroleum products. The News Agency of Nigeria (NAN) reports that the...
By JOY ADARA, Abuja – The management and staff members of the Nigerian National Petroleum Company Limited (NNPC Ltd.) have commiserated with the publisher and editor-in-chief of THE CONCLAVE online newspapers, Mr Sufuyan Ojeifo, on the death of his mother, Madam Aishetu Ojeifo, on Saturday, October 12, 2024. Madam...
A Federal Capital Territory (FCT) on Thursday, adjourned further hearing in the leadership crisis suit rocking the Staff Multipurpose Cooperative society of the Nigeria National Petroleum Company, NNPC, Limited until Nov. 8. Justice Charles Agbaza in a ruling said he would hear a motion filed by the 15 defendants,...
By EZEKIEL OBI, Abuja – Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu “to direct the Nigerian National Petroleum Company Limited (NNPCL) to immediately reverse the second increase in petrol prices in one month, pending the hearing and determination of the suit before the Federal High...
By EMMANUEL KUJE, Abuja – The 2023 presidential candidate of the Labour Party, Peter Obi has called on the federal government to reverse the sudden hike in fuel prices, which has caused untold hardship for Nigerians. The recent increase by the Nigerian National Petroleum Company Limited (NNPCL) has sparked...
The SPDC Joint Venture partners have signed a Gas Sales and Purchase Agreement (GSPA) for the $3.5 billion Brass Fertiliser and Petrochemical Company Limited (BFPCL) project. The SPDC JV partners, comprising NNPC Ltd, Shell Petroleum Development Company (SPDC), TotalEnergies Ltd. and Eni would supply 270 million standard cubic feet...
The Trade Union Congress (TUC) has demanded the return of petrol prices to what they were as of June 2023. “We want the price of the product to go below what it was before; not just reverse to what it was before but to go below,” said TUC President,...
Human rights lawyer, Femi Falana, says it is illegal for the Nigeria National Petroleum Company Limited (NNPCL) to fix petrol prices. In a statement on Thursday, Falana said the action by the petroleum company contravened the provisions of the Petroleum Industry Act (PIA). Falana said though the NNPCL claimed...
The Independent Petroleum Marketers Association Of Nigeria (IPMAN) has attributed the recent adjustment in the price of premium motor spirit better known as fuel to the impacts of the deregulation of the sector. “Well, we know now that we cannot call it an increase but rather we can call...
The Minority Caucus of the House of Representatives has called on the Federal Government to urgently review the Premium Motor Spirits (PMS) price downward to prevent further hardship on Nigerians. In a statement by the Minority Leader, Rep. Kingsley Chinda (PDP-Rivers) on Tuesday, the caucus said that the current...
The Presidency has announced the take-off of the 550 million US Dollar upstream gas project between the Nigerian National Petroleum Corporation Ltd. (NNPCL) and TotalEnergies on development of Ubeta field. Special Adviser (SA) to President Bola Tinubu on Energy, Olu Verheijen disclosed this at an inaugural US-Nigeria Strategic Energy...
By JOY ADARA, Abuja – Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to use his “leadership position and good offices to direct the Nigerian National Petroleum Company Limited (NNPCL), to immediately reverse what it described as the “illegal and unconstitutional” increase in the pump price...
President Bola Tinubu has broken his silence on the increase in the price of Premium Motor Spirit (PMS), popularly known as petrol. Tinubu ,who addressed Nigerians living in China on Friday, said the petrol price hike and other reforms by his administration are part of an overall strategy to...
The House of Representatives Committee on Petroleum Resources (Upstream) has demanded the reversal of fuel to old price, urging the Federal Government and the Nigerian National Petroleum Company Ltd. (NNPCL) to comply. Rep. Alhassan Ado-Doguwa, the Chairman of the committee in a statement in Abuja, described the hike in...
The (NNPC Ltd. says foreign exchange (forex) illiquidity has been a significant factor influencing the fluctuation in prices of Premium Motor Spirit (PMS) ocassioned by unrestricted free market forces. According to the national oil company, this is provided for in the Petroleum Industry Act (PIA 2021). The Executive Vice...
The National Association of Nigerian Students (NANS) has called on the Federal Government to reverse the new petrol pump price, as things are no longer bearable for Nigerians. National President of the association, Lucky Emonefe, made the call in an interview with the News Agency of Nigeria (NAN) on...
Motorists and commuters in Jos, have decried the hike in pump price of Premium Motor Spirit (PMS), by the Nigerian National Petroleum Corporation Limited (NNPCL). The NNPCL on Monday increased the pump price of PMS from N617 to N897 at its outlets. The News Agency of Nigeria (NAN), correspondent...
Some energy stakeholders have berated the Nigerian National Petroleum Company Ltd. (NNPCL) over delay in getting the Port Harcourt Refinery operational, to address recurrent fuel scarcity and price hike. The stakeholders spoke to the News Agency of Nigeria (NAN) on Wednesday in Abuja against the backdrop of the unending...