A Federal High Court in Abuja on Thursday, fixed Feb 5 to hear the Nigeria National Petroleum Company Limited (NNPCL)’s preliminary objection against a suit filed by Dangote Petroleum Refinery and Petrochemicals FZE over oil import licence dispute. Justice Inyang Ekwo fixed the date after counsel to Dangote Refinery,...
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By JOY ADARA, Abuja – The Socio-Economic Rights and Accountability Project (SERAP) has urged the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari to “account for and explain the whereabouts of the alleged missing N825bn and $2.5bn meant for ‘refinery rehabilitation’ and other...
The Nigerian National Petroleum Company Limited (NNPC Ltd.) says it has revived the Warri Refinery with the re-streaming of the plant’s Crude Distillation Unit (CDU). The NNPC Ltd. said the restreaming of the CDU on Monday, marked the beginning of the gradual start-up of the refinery following its successful...
An economic expert, Dr Chijioke Ekechukwu says the coming on stream of more refineries in the country is expected to crash the prices of petroleum products. Ekechukwu, the Chief Executive Officer, Dignity Finance and Investment Ltd. said this on Tuesday in an interview with the News Agency of Nigeria...
An Oil and Gas Industry Consultant, Dr Maurice Ibe, has tasked the Nigerian National Petroleum Company Limited (NNPC Ltd.) to ensure that the four government refineries are functioning at full capacity. Ibe, who is the Group Executive Chairman of the Benham Group, made this known in an interview with...
The Nigeria Labour Congress (NLC), Lagos Council, has lauded Dangote Refinery over the recent slash in fuel price, describing it as a timely economic relief for Nigerians. NLC State Chairman, Funmi Sessi, who made the commendation in a statement on Wednesday, said that Dangote Refinery came at the right...
The Nigerian National Petroleum Company Limited (NNPC Ltd.), has introduced the Production Monitoring Command Centre (PMCC) as a transformative step in hydrocarbon operations to boost production. The initiative, driven by NNPC Upstream Investment Management Services (NUIMS), builds on the success of the Command and Control Centre to enhance monitoring,...
President Bola Tinubu on Monday said he had no regret removing fuel subsidy. The president, who stated this during his first media chat, said fuel subsidy removal was necessary to prevent the country from bankruptcy. The News Agency of Nigeria NAN reports that Tinubu had, during his inauguration as...
By JOY ADARA, Abuja – The Nigerian National Petroleum Company Limited (NNPC Ltd.) has debunked reports in a section of the media alleging that the Old Port Harcourt Refinery which was re-streamed two months ago has been shut down The Chief Corporate Communications Officer, NNPC Ltd, Olufemi Soneye, who...
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) in Osun has warned petroleum marketers against hoarding and all form of sharp practices before, during and after the yuletide. The agency also warned residents in the state against panic buying, and storing petroleum products at home. Mr Kunle Adeyemo,...
The Port Harcourt Refining Company (PHRC) has not yet commenced bulk sales or opened its purchase portal, as essential processes are still being finalised. The Nigerian National Petroleum Company Limited (NNPC Ltd.) has said an official announcements will be made if and when price reviews on the products occur....
By BARBARA KALU, Port-Harcourt – The Nigerian National Petroleum Company (NNPC) Ltd. has fulfilled its pledge of re-streaming the Port Harcourt Refining Company (PHRC), signaling the commencement of crude oil processing from the plant and delivery of petroleum products into the market. On Tuesday, trucks began loading petroleum products...
By EZEKIEL OBI, Abuja – The Nigerian Coalition of Civil Society Organizations (NICOCSO) has strongly condemned the Nigerian National Petroleum Company Limited (NNPCL) for importing 1.6 billion liters of Premium Motor Spirit (PMS), describing it as a “betrayal of the Nigerian people and a threat to economic stability. Addressing...
A youth group in the All Progressives Congress (APC) has lauded the Nigerian National Petroleum Corporation Ltd (NNPCL) and major oil marketers for resolving to lift and distribute fuel from the Dangote refinery. The group also called on the Chief Executive Officer of the NNPCL, Malam Mele Kyari, to...
The Enugu Chamber of Commerce, Industry, Mines and Agriculture (ECCIMA) has blamed the continuous depreciation of the Naira to low local production capacity of the country. The chamber made the disclosure in a statement issued by its President, Mr Odeiga Jideonwo and made available to newsmen in Enugu on...
The Dangote Petroleum Refinery and Petrochemicals FZE has prayed a Federal High Court in Abuja to nullify import licences issued to the Nigeria National Petroleum Corporation Limited (NNPC) and five other companies for the purpose of importing refined petroleum products. The News Agency of Nigeria (NAN) reports that the...
The Independent Petroleum Marketers Association Of Nigeria (IPMAN) has attributed the recent adjustment in the price of premium motor spirit better known as fuel to the impacts of the deregulation of the sector. “Well, we know now that we cannot call it an increase but rather we can call...
A former Presidential spokesperson, Dr Doyin Okupe, on Tuesday said he was not in agreement with Alhaji Aliko Dangote’s call for complete removal of subsidy. Okupe expressed the position in an interview with the News Agency of Nigeria(NAN) in Lagos. NAN reports that Dangote, owner of the 650,000 barrels...
By OLA MODUPE , Lagos – Dangote Refinery has debunked report of selling petrol to the Nigerian National Petroleum Company Limited (NNPCL) at N898 per litre. A spokesman for the refinery, Anthony Chiejina in a statement late Sunday described the claim by the NNPCL as “misleading and mischievous”. He...
The Federal Government has hailed the commencement of petroleum product lifting from the Dangote Petroleum Refinery and Petrochemicals, describing it as a significant step towards national industrialisation and self-sufficiency in refining. Mr Anthony Chiejina, Head, of Communications, Dangote Group, in a statement, said that trucks from the Nigerian National...