NEITI, NNPC to set up c’ttee on forward sales of Nigeria’s oil
The Nigeria Extractive Industries Transparency Initiative, NEITI, and NNPC Limited have agreed to set up a joint committee to address all issues surrounding the forward sales of crude oil to the country in exchange for loans.
Why N13bn daily petrol subsidy must end —NNPCL
NIGERIANS have been urged to support efforts to remove the costly subsidy on the premium motor spirit (petrol) that has risen to N13 billion daily and N400 billion monthly.
NNPCL officially takes over as FG rests NNPC after 46 years
NNPCL officially takes over as FG rests NNPC after 46 years
Scarcity: NNPC sells petrol for N148; private depots, N215
Petrol shortage has persisted yesterday across the country, as Depots and Petroleum Products Marketers Association of Nigeria, DAPPMAN, continued to sell petrol at N215 per litre to marketers.
Petrol: NNPC slashes price for marketers to ease scarcity
. …Oil marketers promise compliance …End scarcity in one week — REPS …Marketers set up a committee to track product delivery, demand 60% of daily product allocation …Sign an agreement with FG to ensure the availability of the product By Udeme Akpan, Levinus Nwabughiogu, Ediri Ejoh & Obas Esiedesa, LAGOS The Nigerian National Petroleum Company […]
NNPC denies directive on new petrol price
By Udeme Akpan, Energy Editor THE Nigerian National Petroleum Company, NNPC, has denied issuing the directive on Nigeria’s new petrol price. The company said fuel pricing directly falls under the responsibilities of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA. The spokesperson for the NNPC, Garba Deen Muhammad, said: “The NNPC no longer approves pump […]
Why FG continues to subsidize petrol consumption – NNPC CEO
By Obas Esiedesa, Abuja The Chief Executive Officer of NNPC Limited, Mallam Mele Kyari has explained that the Federal Government’s decision to retain subsidy on petrol pump price was social and economic, and had nothing to do with politics. Kyari who disclosed this during an interview aired by Channels Television said the subsidy policy has […]
Why queues returned to Abuja filling stations — NNPC
The Nigerian National Petroleum Corporation (NNPC) Limited has attributed the appearance of queues at filling stations in Abuja to disruption in loading due public holidays last week.
Reps ask NNPC to submit status details of $12bn natural gas pipeline project
By Levinus Nwabughiogu, Abuja The House of Representatives yesterday called on the Nigerian National Petroleum Company, NNPC, Limited to make available the report of the implementation, funds utilization and status of the $12 billion 4,128 kilometres Natural Gas Pipeline Project. It also urged the corporation to review the National Gas Master Plan of the project […]
NNPC deductions from Federation Account rise 40.5% to N883.56bn in Q1’22
•Set for another N328bn deduction in April By Obas Esiedesa, Abuja The financial pressure on the three tiers of the Nigerian government is escalating as deductions from the oil revenue, the major source of inflow to the Federation Account, rise sharply. The Vanguard Public Finance Report findings from the Federation Account Allocation Committee, FAAC, show that the Nigerian […]
Arewa youths to Nigerians: Don’t engage in panic buying, racketeering; warn opposition to stop causing public disaffection over fuel scarcity
Arewa youths Assembly has, yesterday, urged Nigerians to resist fuel racketeering, panic buying and acts inimical to the nation’s economy while the fuel scarcity last, saying efforts are ongoing to ensure adequate supply of petroleum products across the country.
NNPC releases distribution details of 387.5m litres of petrol to solve scarcity
As the scarcity caused by withdrawal of methanol-blended petrol into the country eases off, the Nigerian National Petroleum Company Ltd, NNPC, has released details of how it distributed a total of 387.59 million litres of Premium Motor Spirit, PMS, in one week to bridge the gap. According to NNPC, the petrol, distributed to Nigerians through […]
OPEC, Sylva, NNPC to discuss upstream, Nigerian gas market
Organisation of Petroleum Exporting Countries (OPEC), Ministry of Petroleum Resources, Nigerian National Petroleum Corporation (NNPC) Limited and other stakeholders are set to canvassed for a diversified market for Nigeria’s huge gas resources and woo investors into the upstream segment of the country’s oil and gas industry. Secretary General of OPEC, Sanusi Barkindo, Minister of State […]
Bad Fuel: ‘NNPC’s immediate response saved the economy’
But for the swift manner the Nigeria National Petroleum Company(NNPC) handled the dangerous imported methanol blended petrol from Belgium, the damages to Nigerians would have been colossal, a group, the Oil and Gas Accountability and Probity Forum (OGAPF) have said.
Games politicians play
By Nick Dazang For scholars who majored in International Relations or who took the course as an elective/minor in the late 1970s and early 1980s, John Spanier’s Games Nations Play: Analyzing International Politics and Joan Edelman Spero’s The Politics of International Economic Relations were compulsory reading. The two insightful classics, authored by two distinguished scholars, […]
Govts incompetently running NNPC deserve the Nobel prize
THE latest episode in the Nigerian drama of governance is the importation of at least 100 million litres of contaminated PMS which knocked car engines.
