In a major step towards bolstering Nigeria’s energy security and promoting the utilisation of its abundant gas resources, the Nigerian National Petroleum Company Limited (NNPCL) and UTM Offshore Limited yesterday in Abuja signed a Heads of Terms (HoT) agreement for…
First batch of petrol, 27 million litres imported by an independent marketer has arrived in the country, putting an end to a downstream monopoly market once enjoyed by the Nigerian National Petroleum Company Limited. The vessel, ST Nnene earlier billed…
Vice President Kashim Shettima is currently presiding over the National Economic Council (NEC) meeting at the Presidential Villa, Abuja, where the trending issues in the Nigerian economy will be deliberated upon. The meeting, which kicked off few minutes ago inside…
The House of Representatives is set to commence investigations into non-remittance of revenues to the federation account by the Nigerian National Petroleum Company Limited. This followed the adoption of a motion, ‘Need to investigate the non–remittance of due taxes by…
The Nigeria National Petroleum Company Limited (NNPCL) has said it is projecting Nigeria’s oil production to hit 1.8 million barrels per day by the fourth quarter of this year. The Executive Vice President, Upstream, NNPCL Engr. Adokiye Tombomieye attributed the projections…
The lndependent Petroleum Marketers Association of Nigeria (IPMAN), Ejigbo Satellite Depot, has raised alarm over incessant activities of pipelines vandalism at Idimu, Alimosho Local Council Development Area of Lagos. IPMAN Ejigbo Satellite Depot Chairman, Mr Akin Akinrinade, told the News…
…Kyari says cheaper alternatives to petrol are being planned By Akinyemi Precious The Nigerian National Petroleum Company Limited has said that it will reconcile fuel subsidy deductions with the Federal Government. This was made known after he stated that no…
By Akinyemi Precious The Nigerian National Petroleum Company Limited has its announced plans to install charging ports across its filling stations nationwide to charge electric vehicles, as part of moves to reduce carbon emission. The company would also be investing…
Large consignments of Premium Motor Spirit, popularly called petrol, being imported by major oil marketers, are to hit Nigeria from next week and may force down the price of the commodity, both major and independent dealers stated on Sunday. It…
President Bola Tinubu has been urged to restructure the Nigerian National Petroleum Corporation Limited. Deji Adeyanju, a socio-political activist, said Tinubu should restructure NNPCL from the rot created by former President Muhammadu Buhari. He lamented that the 20 executives of…
