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.
Govs, politicians hijacked NNPC’s N621bn road fund — PTD
Petroleum Tanker Drivers, PTD, section of the Nigerian Union of Petroleum and Natural Gas Workers, NUPENG, has raised the alarm that the N621 billion provided by the Nigerian National Petroleum Corporation, NNPC, for rehabilitation of 21 critical roads across the country has been hijacked by some governors and politicians.
NNPC names firms involved supply of bad petrol
By Obas Esiedesa – Abuja The Nigerian National Petroleum Company (NNPC) Limited has named four companies responsible for importing bad petrol into the country which has led to an acute shortage of the product across the country. The companies, the importing vessels and the product origin were listed as: MRS (MT Bow Pioneer LITASCO Terminal, […]
NNPC presents N3trn subsidy bill for 2022 to FEC
By Johnbosco Agbakwuru – Abuja The Nigerian National Petroleum Company, NNPC, Limited has presented to the Federal Executive Council FEC a bill of N3 trillion as what is required in 2022 for payment of petroleum subsidy. This was disclosed by the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, while briefing State House […]
PIA in limbo as subsidy stays for 18 months
The Federal Government yesterday explained that the reason for the extension of complete removal of fuel subsidy was as a result of President Mohammadu Buhari’s insistence that all the necessary structures must be put in place to cushion the impact of the removal on the citizens.
Make profit, be globally competitive — Buhari tasks NNPC board
President Muhammadu Buhari, on Friday, tasked the Board of the newly-incorporated Nigerian National Petroleum Company (NNPC) Limited to focus on profitability and operate at par with its industry peers across the world.
