NewsColony

Tag : Nigerian National Petroleum Corporation

Business

NNPC: AKK gas pipeline project contract not inflated

NewsColony
The Nigerian National Petroleum Corporation (NNPC) said the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline Project was not inflated to the tune of 1.527 billion dollars, as alleged...
Business

President Buhari: It’ll be dangerous to go back to fuel subsidy era

NewsColony
President Muhammadu Buhari has warned that it would be economically dangerous for Nigeria to go back to the era of fuel subsidy, citing grave financial...
Business

Joe Okei-Odumakin: Fuel, electricity hike’ll worsen hardship

NewsColony
Cross River Watch President, Centre for Change and Women Arise, Dr. Joe Okei-Odumakin, has faulted the increase in electricity tariff and petrol price would worsen...
Business

Fierce competition will keep petrol price moderate – marketers

NewsColony
Pool Photo Against the backdrop of the full deregulation of the nation’s downstream oil sector, major oil marketers have said fierce competition will moderate the...
Business

US sanctions 11 entities for aiding Iran’s oil sector

NewsColony
The US imposed sanctions on 11 entities and three executives Thursday for allegedly aiding an Iranian energy firm that was blacklisted in January, and helping...
Business

Oil marketers list gains of fuel deregulation to Nigerians

NewsColony
AHA Taxis The Major Oil Marketers Association of Nigeria (MOMAN) says the deregulation of the sale of Premium Motor Spirit (PMS), also known as petrol,...
Business

NNPC obtains $1 billion to fund upstream operations of NPDC

NewsColony
The Nigerian National Petroleum Corporation, NNPC, yesterday, said, it has obtained a prepayment funding of circa US$1b to support the upstream operations of its subsidiary,...
Business

Motorists, commuters groan as petrol sells for N164 per litre

NewsColony
Pool Photo Vehicle owners and commuters in Lagos on Thursday decried the increment in pump price of Premium Motor Spirit, also known as petrol, following...
Business

Oil prices hold near multi-week lows on demand worries

NewsColony
Oil prices edged up on Thursday, but held near multi-week lows hit overnight after U.S. data showed gasoline demand fell and recovery from the COVID-19...
Business

Former Ekiti governor bemoans increase in petrol price

NewsColony
Former Ekiti State Governor, Mr Ayodele Fayose, on Wednesday, bemoaned the increase in the pump price of premium motor spirit otherwise known as petrol to...