NNPC explains drop in gas supply
The Nigerian National Petroleum Corporation (NNPC) has said that the drop in power generation could have been triggered by the continuous rejection of load by the distribution companies due to frequency management.
Prevailing discontent forces government to halt petrol price hike
Current anger and displeasure among Nigerians with respect to widespread economic and political tension have forced the Federal Government to shelve plans to increase the pump price of Premium Motor Spirit (PMS), otherwise called petrol.
22 fuel-laden vessels berth Apapa ports this week
No fewer than 22 vessels laden with petroleum products are expected to berth at Lagos ports this week to boost fuel supply. The products, including Premium Motor Spirit (PMS) known as petrol, Automated Gas Oil (AGO) known as diesel, Jet A1 (Aviation fuel) and base oil are in 32 cargoes. Statistics released by the Nigerian…
Era of VAT charges on LPG almost gone, says PPMC
In line with the Federal Government’s aspirations to increase local consumption of Liquefied Petroleum Gas (LPG) in the country, Petroleum Products Marketing Company (PPMC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC) has disclosed plans by the government to remove the existing value added tax (VAT) on LPG sourced locally. The company’s Executive Director,…
Ogoni clean-up is well on track
The attention of the Management of the Hydrocarbon Pollution Remediation Project, HYPREP has been drawn to separate publications in The Guardian Newspaper of 6th August, 2018 with the titles, “Niger Delta Leaders, Stakeholders Decry Slow Pace of Ogoni Cleanup” and the Guardian editorial...
Nigeria to add 3.4 billion scfd of gas by 2020
Nigeria is to add over 3.4 billion standard cubic feet of gas per day by 2020 as part of efforts to bridge projected medium-term gas supply gap, according to the Nigerian National Petroleum Corporation (NNPC).
Pipeline vandals ground Ibadan petrol depot, product scarcity looms
The Independent Petroleum Marketers Association of Nigeria (IPMAN) says there is the likelihood of a scarcity of Petrol in Ibadan due to non-availability of the product at the depot.
NNPC seeks action on economic diversification
Dr Maikanti Baru, the Group Managing Director, Nigerian National Petroleum Corporation (NNPC), on Monday called for proactive actions to reduce the country’s dependence on oil and gas.
NNPC says Baru not funding alleged impeachment plot against Saraki
The Management of Nigerian National Petroleum Corporation (NNPC), on Sunday said its Group Managing Director, Dr Maikanti Baru, was not funding any plot to impeach the President of the Senate, Dr Bukola Saraki.
NNPC urges RMAFC to help in recovery of excess revenues
Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has urged the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), as an independent arbiter, to ensure recovery of revenues borne by the corporation on behalf of the Federal Government.