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Tag : NNPC

Business

NNPC: AKK gas pipeline project contract not inflated

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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

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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

IPMAN calls for local refining to fix petroleum sector

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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...
Business

Oil marketers list gains of fuel deregulation to Nigerians

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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

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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

TUC, others reject new fuel price, as petrol stations adjust pump

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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,...
Business

Oil marketers debunk NNPC’s N5.35 billion petrol subsidy payment claim

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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....
Business

NNPC: Nigeria pays $14 million for fuel in June despite subsidy removal

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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...