The Federal Government has again dismissed reports on plans to hike fuel price in the country. Chief Executive Officer of the Midstream Petroleum Regulatory Authority, Farouk Ahmed, who made this position known in Abuja on Tuesday, reassured that there were no plan to increase the official price of Premium...
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The Governor of Kaduna State, Malam Nasir El-Rufai, has said the state governments are ready to support the Federal Government in the elimination of fuel subsidy regime. El-Rufai gave the assurance on Tuesday in Abuja, at the presentation of the World Bank Nigeria Development Update, November 2021 edition titled...
The Group Managing Director (GMD)/Chief Executive Officer (CEO) of the Nigerian National Petroleum Company Limited, Malam Mele Kyari, started his weekly activities with an interview with Bloomberg TV in Abu Dhabi, the United Arab Emirates (UAE). Kyari said in the interview that Nigeria would ramp up oil production to...
The Export-Import Bank (AfreximBank) has signed a $US1.04 billion facility with the Nigerian National Petroleum Corporation (NNPC) to finance the exploration of petroleum. The agreement was concluded on Tuesday in Durban during the second Intra-Africa Trade Fair (IATF2021), which opened on Nov.15 and runs until Nov. 21, 2021, a...
Long queues have resurfaced in Abuja filling states as motorists struggle to purchase Premium Motor Spirit, also known as petrol. The News Agency of Nigeria (NAN) reports that most fuel stations were locked while long queues were noticed in retail outlets in Wuse, Gwarimpa, Wuye and Kubwa expressway on...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has assured Nigerians of availability of petroleum products, allaying fears of possible scarcity in some parts of the country. IPMAN’s President, Mr Chinedu Okoronkwo, gave the assurance when he spoke with the News Agency of Nigeria (NAN) on Friday in Lagos....
The Federal Controller of Works in Lagos, Mr Olukayode Popoola, has said his ministry is fine tuning modalities for Nigerian National Petroleum Corporation (NNPC) to mobilize funding for the Badagry Expressway project. Popoola told the News Agency of Nigeria (NAN) on Wednesday in Lagos that the highway would henceforth...
…As GMD wins 2020 Zik Leadership Award GMD/CEO of NNPC Ltd, Mallam Mele Kyari has been commended for transforming the fortunes of the NNPC from a position of loss-making into a profit- making venture. The Public Policy Research & Analysis Centre (PPRAC) gave this commendation while conferring its “2020 Zik Prize for Public Service...
Motorists in Kano State are experiencing fuel scarcity, as long queues have resurfaced at filling stations in the State, the News Agency of Nigeria (NAN) reports. An investigation conducted by NAN Correspondents indicated that majority of the filling stations visited within the metropolitan area were under lock and keys....
By JOY ADARA, Abuja – The Nigeria National Petroleum Corporation (NNPC) Limited has urged the public not to engage in panic buying of Premium Motor Spirit, more commonly known as petrol. The Group General Manager, Public Affairs Division, Garba Deen Muhammad, who stated this in a statement on Monday,...
At least five people have died while several other persons sustained varying degree of injuries as a kerosene-laden tank exploded at popular Kubwa Village Market in Abuja. The incident happened, Friday night, at the junction leading to the L.E.A Primary School, Jaji Street, and few metres away from St...
By OLA MUDOPE, Lagos – The NNPC Ltd on Wednesday said the gas pipeline that was reported leaking in the early hours of today around Anifowoshe area of Ikeja in Lagos State has been isolated and the general area cordoned off. The Group General Manager, Public Affairs Division, Garba...
The Minister of State for Transportation, Sen. Gbemisola Saraki, on Wednesday said the economic cost of road accidents in Nigeria amounted to about N450 billion annually. Saraki also said the recent approval granted the Nigerian National Petroleum Corporation (NNPC) to reconstruct 21 federal roads across the country was a...
By JOY ADARA, Abuja – The Nigeria National Petroleum Corporation (NNPC) Ltd has called on the general public not to engage in panic buying of petroleum products during and beyond the forth coming yuletide celebration. The Group General Manager, Public Affairs Division, Garba Deen Muhammad, who stated this in...
Between January and September 2021, Nigeria lost N898.93bn to crude oil losses and repairs of vandalised pipelines, among others, documents obtained from the Nigerian National Petroleum Company Limited showed. Also, it was gathered that the oil firm deducted a total of N1.78tn from its remittances to the Federation Account...
The Nigerian National Petroleum Company Limited (NNPC) started the week with the commendation of stakeholders in the nation’s political and industrial sectors on the successful activation of the Petroleum Industry Act (PIA 2021). It would be recalled that the Act was signed into law by President Muhammadu Buhari on...