. …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 […]

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 […]

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 […]

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.

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 […]

•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 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.

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 […]

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 […]

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.