Tags : NNPC

House Of Reps Reveals Plan To Probe Rehabilitation, Maintenance Of

The House of Representatives has resolved to carry out an investigative hearing as well as a comprehensive audit of funds spent on rehabilitation, repairs and maintenance of Nigeria’s refineries. This followed the adoption of a motion of urgent public importance by Hon Onfoik Luke (PDP-Akwa-Ibom) at plenary today in Abuja. Moving the motion, Luke said […]

FG Raises Concern Over Possible Scarcity Of Petrol

The Federal Government has raised concerns about the possibility of scarcity of Premium Motor Spirit (PMS), also known as petrol, in the country. The Minister of State for Petroleum, Mr Timipre Sylva, raised the concern on Monday, February 1, 2021, at a late-night meeting between the Government and leaders of the organised labour. Channels TV […]

New Fuel Price and its downstream implications for Nigerians

Some days ago, the Petroleum Products Marketing Company, PPMC, a subsidiary of the Nigerian National Petroleum Corporation, NNPC, which currently imports almost all of Nigeria’s petrol announced that it has adjusted the ex-depot price of Premium Motor Spirit, also known as petrol, from ₦147.67 to ₦155.17. According to PREMIUM TIMES, a memo signed on Wednesday, […]

New Fuel Price And Its Downstream Implications For Nigerians

Some days ago, the Petroleum Products Marketing Company, PPMC, a subsidiary of the Nigerian National Petroleum Corporation, NNPC, which currently imports almost all of Nigeria’s petrol announced that it has adjusted the ex-depot price of Premium Motor Spirit, also known as petrol, from ₦147.67 to ₦155.17. According to PREMIUM TIMES, a memo signed on Wednesday, […]

Auditor General Accuses NNPC, CBN Of Non-Remittance Of ₦3.235 Trillion

The Auditor General of the Federation, Mr Anthony Mkpe Ayine, has queried the Nigeria National Petroleum Corporation (NNPC) and the Central Bank of Nigeria (CBN) for not remitting about ₦3.235 trillion from the sale of domestic crude to the Federations Account in 2014. The Auditor General said in one of the numerous audit queries pending […]

Reps Caucus Demands Halt In Fuel Price Increase

The Minority Caucus in the House of Representatives has rejected the reported increase in the pump price of fuel from ₦148 to ₦151.56. Minority Leader of the House, Hon. Ndidu Elumelu, made the position of the Lawmakers known in a statement on Wednesday, September 2, 2020. Hon. Ndidu Elumelu described the announced price as unacceptable, […]

Seven Dead As NNPC Confirms Explosion At Benin River Valve

Seven persons have died after an explosion at an ‘Oil Mining Lease 40’ operated by the Nigerian Petroleum Development Company (NPDC). The Group General Manager, Group Public Affairs Division (NNPC),  Kennie Obateru confirmed this in a statement on Wednesday, July 8, 2020. According to him, the incident happened on Tuesday evening, July 7, 2020, at […]

Buhari Reconstitutes NNPC Board

President Muhammadu Buhari has Saturday approved the reconstitution of the Board of the Nigerian National Petroleum Corporation (NNPC), after the expiration of the term of the board members appointed in 2016. The Special Adviser to the President, Media and Publicity, Femi Adesina, disclosed this. Members of the new Board are: Mohammed Lawal (North West), Tajudeen […]

NNPC Petrol Station In Lagos, Gutted With Fire

NNPC filling station at Yaya Abatan area of Ogba, Lagos State has been gutted by fire. The fire has reportedly started affecting nearby houses. The cause of the fire is yet to be ascertained. However, firefighters are said to be having difficulties in putting out the inferno. Some nearby houses are also reported to have […]