NNPC: AKK gas pipeline project contract not inflated
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...
Tag : NNPC
President Buhari: It’ll be dangerous to go back to fuel subsidy era
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...
IPMAN calls for local refining to fix petroleum sector
File Photo Alhaji Popoola Ogundoyin, an Executive Member of Independent Petroleum Marketers Association of Nigeria (IPMAN), says that unless Nigeria produces petroleum products through its...
Oil marketers list gains of fuel deregulation to Nigerians
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,...
NNPC obtains $1 billion to fund upstream operations of NPDC
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,...
TUC, others reject new fuel price, as petrol stations adjust pump
Pool Photo Petrol stations across the country, yesterday, adjusted their pumps to reflect the hike in the ex-depot price of the Premium Motor Spirit, PMS,...
Oil marketers debunk NNPC’s N5.35 billion petrol subsidy payment claim
Oil marketers have denied receiving petrol subsidy payments in June 2020 as disclosed by the Nigerian National Petroleum Corporation (NNPC) in its latest operations report....
PPMC: Petrol price now N151.56 per litre
AHA Taxis The price of petrol has been increased to N151.56 per litre, according to Pipelines and Product Marketing Company (PPMC), a subsidiary of the...
Probe uncovers gaps in NNPC insurance scheme
The ongoing probe of the Nigerian National Petroleum Corporation (NNPC) over alleged $179 million insurance policy and huge unsettled life insurance claims has uncovered gaps...
NNPC: Nigeria pays $14 million for fuel in June despite subsidy removal
Nigeria’s state oil company recorded a 5.34 billion naira ($14 million) cost for fuel in June, months after it changed its pricing method in an...