Notwithstanding the blame game among industry players on the resurgence of fuel queues in some parts of the country, Nigerians may begin to experience some relief by weekend following claims by regulatory authorities that the adulterated petroleum products...
1 Jul 2021
The Federal Government may have spent about N1 trillion subsiding 102 million litres of Premium Motor Spirit (PMS) in the couple of months, as prevailing challenges push operators in the downstream sector of the nation’s petroleum industry ....
6 May 2021
Governor Okezie Ikpeazu has sought better presence of the Nigerian National Petroleum Corporation (NNPC) and the Pipelines and Product Marketing Company (PPMC) in Abia State for improved people’s participation and support.
2 May 2021
Although the nation’s refineries located in Port Harcourt, Warri and Kaduna did not process any crude oil in the last quarter of 2021, about N19.7b was spent by the Nigerian National Petroleum Corporation (NNPC) to maintain the facility.
13 Nov 2020
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…
28 Oct 2020
Newly crowned Ovie (king) of Idjerhe Kingdom, HRM Monday Obukohwo Whiskey Udurhie 1, has urged the Federal Government to pay attention to Jesse Community, which was ravaged by explosion that claimed over 1000 lives 22 years ago.
3 Sep 2020
The Minister of State for Petroleum Resources, Chief Timipre Sylva, has reiterated that the federal government is no longer fixing the pump price of petroleum products in the country.
27 Aug 2020
The Nigerian National Petroleum Corporation (NNPC) in the last one year, exported about N1.7trillion ($4.60billion) worth of crude oil and gas, the June 2020 Monthly...
6 Aug 2020
The pump price of Premium Motor Spirit (PMS), which is expected to be modulated monthly by the Petroleum Products Pricing Regulatory Agency...
5 Aug 2020
The downstream subsidiary of Nigerian National Petroleum Corporation (NNPC), Petroleum Products Marketing Company (PPMC), has fixed the ex-depot price of premium motor spirit (PMS), known as petrol at N138.62 per litre.
16 Jun 2020
In its first-ever audited report, the Nigerian National Petroleum Corporation (NNPC), revealed that it posted over N1.01 trillion profit from its venture marketing subsidiary, National Petroleum Investment Management Services...
13 May 2020
Between February 2019 to February 2020, Nigerians spent ₦2.5 trillion on 20.8 billion litres of Premium Motor Spirit (PMS) otherwise called petrol, Nigerian National Petroleum Corporation (NNPC) said yesterday.