Former Governor of Bauchi State, Isa Yuguda, on Monday said that up until the time of its removal, the fuel subsidy has mostly been a scam run by the Nigerian National Petroleum Company (NNPC) in conjunction with marketers and other stakeholders in the oil sector.i Yuguda who also was...
NNPC
The Nigerian Navy has described as spurious, the allegations by ex-Niger Delta militant leader, Asari Dokubo, that some cabals in the military are involved in oil theft in the region. Dokubo made the claims when he visited President Bola Tinubu in Abuja on Friday. Reacting to the accusation, the...
The Nigeria Labour Congess (NLC) has declared a nationwide strike from next Wednesday. This comes amid fuel shortages across the country occasioned by President Bola Tinubu’s inaugural speech in which he declared that “fuel subsidy is gone”. NLC President Joe Ajaero made the announcement after an emergency meeting of...
In the last few days, infact, since President Tinubu made his inauguration pronouncement about subsidy, tongues have been wagging as to the propriety of this declaration. Let us first establish a few basic facts that are eternally unassailable. One, all the major contenders for the number one position, promised...
The Nigeria Labour Congress (NLC) has urged the Federal Government to immediately instruct the Nigerian Petroleum Company Ltd (NNPCL) to withdraw the just released pricing template to allow free flow of discussions by the parties. Mr Joe Ajaero, the NLC President, made the call in a statement signed by...
Nigerians have expressed concern over the implementation of subsidy removal in spite of President Bola Tinubu’s assurance that it would not take effect immediately. A cross section of residents of Ibadan, Oyo State, expressed their feelings on Wednesday in separate interviews with the News Agency of Nigeria (NAN) in...
The Nigerian National Petroleum Company Limited (NNPC Ltd) on Wednesday adjusted the pump price of Premium Motor Spirit (PMS) across its retail outlets, in line with the current market realities. The News Agency of Nigeria (NAN) reports that the adjustment by NNPC Ltd. was triggered by the pronouncement of...
Federal Government representatives are expected to meet with the leadership of the Nigeria Labour Congress (NLC) today by 2pm over the planned removal of fuel subsidy. “Government seems to have shown interest in discussion. As at last night, they reached out and we have fixed 2pm today (Wednesday) to...
Mr Mele Kyari, the Group Chief Executive Officer, Nigerian National Petroleum Company Ltd. (NNPCL), has called on African countries to take advantage of the implementation of the African Continental Free Trade Agreement (AfCFTA). Kyari said this would help to diversify their energy sources into a sustainable and low-carbon energy...
Vice President Yemi Osinbajo says Nigeria, as a nation, needs to consider investments in Green Hydrogen in view of energy transition. Osinbajo made the call while unveiling a book titled “Understanding Natural Gas: A Nigerian Perspective” on Thursday in Abuja. The Vice President urged the Nigeria National Petroleum Company...
By JOY ADARA, Abuja – The Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC) and Mr Mele Kyari, the Group Managing Director of Nigeria National Petroleum Company Limited (NNPCL) are among Nigerians to be honoured with merit awards on Thursday, in Lagos. The event is the public...
By EMMANUEL KUJE, Abuja – With the scarcity of new Naira notes and fuel unabated in many parts of the country, All Progressives Congress Presidential Candidate, Asiwaju Bola Ahmed Tinubu has once again appealed to Nigerians to remain calm as the government and relevant agencies continue to work out...
The Nigerian National Petroleum Company Limited (NNPCL) has assured of adequate fuel supply for successful conduct of the 2023 general election. Mele Kyari, Group Chief Executive Officer, NNPC Limited, said this when he received management team of Independent National Electoral Commission (INEC) led by its Chairman, Prof. Mahmood Yakubu...
President Muhammadu Buhari has approved the constitution of a 14-man Steering Committee on Petroleum Products Supply and Distribution management to find lasting solution to disruptions in the supply and distribution of petroleum products. The Steering Committee, which will be chaired by Buhari, has the Minister of State for Petroleum...
Many Motorists in the Federal Capital Territory (FCT), have frowned at the current fuel scarcity being experienced in the territory and environs. Speaking with the News Agency of Nigeria (NAN) on Thursday in Abuja, the motorists expressed displeasure over the reoccurrence of long queues at most fuelling stations. They...
The House of Representatives has urged the Nigerian Petroleum Development Company (NPDC) to suspend its planned auction of the oil mining licence (OML) 11 asset. This followed the adoption of a motion of urgent national importance by Rep Victor Mela (APC-Gombe) at plenary in Abuja on Wednesday. Moving the...
The Department of State Devices (DSS), at a meeting with oil marketers and other stakeholders have resolved to address the challenges of fuel scarcity and lingering queues at filling stations within 48 hours. The Public Relations Officer of DSS, Dr Peter Afunanya said this on Thursday in Abuja while...
The Department of State Services (DSS) has given the Nigerian National Petroleum Company (NNPC) Limited and oil marketers a 48-hour ultimatum to make Premium Motor Spirit known as petrol available for Nigerians DSS Spokesman, Peter Afunanya announced the directive while briefing journalists at the headquarters of the secret police...
Ejigbo Satellite Depot of the Independent Petroleum Marketers Association of Nigeria (IPMAN) has urged the Nigerian National Petroleum Company Ltd. (NNPCL) to give same window given to Major Oil Marketers Association of Nigeria (MOMAN) to buy fuel at regulated depot price of N148.17 per litre. The Chairman of IPMAN...