South South demands restructuring, federalism
Governors and people of the South South geopolitical zone have demanded for restructuring anchored on true federalism for peace, security and stability of Nigeria.
Reps pass PIB for second reading
The House of Representatives yesterday passed for second reading the new Petroleum Industrial Bill (PIB) after debates on the general principles of the proposed legislation.
Nwakwue: Transparency, stakeholders’ engagement missing in downstream petroleum sector
It is important for context to state that we are presently not in a deregulated market. What we have done, as best as I can see, is subsidy removal.
NNPC will declare dividends in 2020 in spite of COVID-19 – Kyari
Mr Mele Kyari, Group Managing Director, Nigerian National Petroleum Corporation (NNPC) says he is optimistic that the corporation will declare dividends in 2020 in spite of the challenges posed by the COVID-19 pandemic.
Police arrest 3 for alleged scooping of petroleum products in Niger
The Police Command in Niger has arrested three persons suspected of scooping petroleum products from a vandalised pipeline at Numba-Gwari village in Suleja Local Government Area of the state.
N785bn yearly overhead, others spike Nigeria’s oil production costs
With Nigeria’s oil industry incurring about 7.4 per cent of the national budget in personnel and overhead costs, alongside others like logistics, direct handling and lifting of crude, operators may have to do more to achieve the $10 per barrel....
Reps panel summons NNPC, CBN over alleged missing N3.2 tr oil revenue
Again, the House of Representatives has summoned the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr. Mele Kyari, and Governor of Central Bank of Nigeria...
Petrol to sell at N170 as NNPC hikes ex-depot price
The pump price of Premium Motor Spirit (PMS) otherwise called petrol may settle at N168 – N170 per litre as the Nigerian National Petroleum Corporation (NNPC) increased the wholesale price of the product from N147 to N155. The increase is coming despite the dwindling price of crude oil at the international market and the somewhat…
PENGASSAN strike: Over 2.9b litres of petrol available, NNPC assures Nigerians
The Nigerian National Petroleum Corporation (NNPC) says it has over 2.9 billion litres of Premium Motor Spirit (PMS), also known as petrol, to service Nigerians during the Yuletide period and beyond. The corporation disclosed this in a statement signed by its spokesman, Dr. Kennie Obateru, in Abuja, on Tuesday. He dismissed the insinuation of the…