NIPCO bags awards on acquisition of ExxonMobil
NIPCO Plc has bagged an Oil and Gas industry award for its unprecedented acquisition of ExxonMobil stake in Mobil Oil Nigeria (MON) Plc. The award, which was in recognition of the company’s huge financial investments in the nation’s downstream petroleum industry, was the highlight of the maiden Nigeria International Petroleum Summit (NIPS) held in Abuja.…
NIPCO promises market friendly rates, unfettered access” in 2018
Amidst the current fuel crisis in the country, NIPCO has offered some soothing words to stakeholders, promising market friendly rates for all petroleum products from its depot in 2018.
Lawmakers laud Nipco’s increased stake in downstream operations
The recent acquisition of ExxonMobil’s 60 per cent equity in Mobil Oil Nigeria Plc by NIPCO has demystified the impression by International Oil Companies (IOCs) that it is impossible for indigenous companies to market petroleum products.
Nipco group retail outlets hit 500
Also speaking, the Managing Director, NPMC, a subsidiary of the Nigerian National Petroleum Corporation (NNPC), Umar Ajiya, outlined reasons that contributed to NIPCO’s pivotal role in petroleum products storage and distribution across the country.
Ekiti youths in violent protest against petroleum marketers
Angry youths from Ekiti State yesterday engaged in a violent protest against petroleum marketers.The youths, who attacked some filling stations in Ado Ekiti also destroyed property worth several millions of naira.
Police hunt for motor-boy’s killer
The Ogun State police command has launched a manhunt for a suspected soldier who allegedly shot a man dead simply because a truck was not well-packed.
Stock Exchange woos downstream operators to capital market
The Chief Executive Officer, Nigerian Stock Exchange (NSE), Oscar Onyema, has called on oil companies in the downstream subsector to explore opportunities in the capital market.
NIPCO constructs new 5,000 MT LPG storage facility
The Nigerian Independent Petroleum Company (NIPCO) has embarked on the construction of a 5,000-metric tonne (MT) Liquefied Petroleum Gas (LPG) storage facility to ameliorate the challenges of domestic.....