The Petroleum Products Pricing Regulatory Agency (PPPRA) said it has observed a downward trend in the Expected Open Market price of petrol to be below the government approved pump price of N145/litre due to the recent plunge in the price…
$1 billion withdrawal from NLNG dividend account legal, NNPC insists (Guardian)
The Nigerian National Petroleum Corporation (NNPC) has maintained that its withdrawal of $1.05 billion from the NLNG Dividend Account was legal.The Senate is currently probing the action, which it claimed was done to support fuel consumption. Though analysts have said…
NPA, Dangote, NNPC, Total mark 2018 World AIDS Day (ThisDay)
The Nigerian Ports Authority (NPA), Dangote Foundation, Nigerian National Petroleum Corporation (NNPC), Total Exploration and Production Nigeria Limited, Access Bank and the Nigerian Business Coalition Against AIDS (NiBUCAA) organised a community outreach in various parts of Lagos, charging residents in…
Subsidy: Pressure mounts on Baru to quit NNPC (Independent)
There were indications on Wednesday that Dr. Maikanti Kachalla Baru, the Group Managing Director of Nigerian National Petroleum Corporation (NNPC), may be forced to quit his job soon following the alleged roles he played in the use of the dividend…
ALTON condemns closure of telecom facilities in Kogi State, urges FG to intervene
The Association of Licensed Telecom Operators of Nigeria (ALTON) has condemned the closure and sealing of telecom facilities by Kogi State government in an attempt to increase its internally generated revenue (IGR). ALTON warns that the closure of telecom facilities…
Petrol subsidy rises as NNPC increases imports by 34% (Punch)
The nation imported a total of 15.21 million litres of petrol in the first nine months of this year, up from the 11.33 million litres imported in the same period in 2017. The NNPC has been the sole importer of…
Nigeria Needs Oil Price stability – Baru (Independent)
Makainti Baru, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), yesterday says Nigeria needs oil price that does not fall below $70 due to its production constraints. Dr Baru spoke at a Global Business Leaders Panel Session…
Fuel Supply: NNPC set to control more than 14% market share (Vanguard)
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, said the Corporation is set to control more than 14 per cent local market share of fuel supply in Nigeria. Speaking during the NNPC Day at…
NLC strike won’t cause fuel scarcity, NNPC insists (Vanguard)
The Nigerian National Petroleum Corporation, NNPC, Sunday, insisted that there is no impending petroleum products scarcity in the country, arising from the threat of strike action by the Nigerian Labour Congress, NLC. In a statement in Abuja, Group General Manager,…
NNPC’s trading surplus hits N18bn over higher oil sales, others (Vanguard)
Nigerian National Petroleum Corporation, NNPC, yesterday, attributed the rise in its trading surplus in the month of May 2018 to the improvement in the financial performance of its subsidiaries and the high volume of crude oil production and sales in…
