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…
Shell Nigeria Exploration and Production Company (SNEPCo) paid a total of $907 million as taxes and royalties to the Nigerian government last year as its operations continued to contribute to the national purse to finance development. Also last year, the…
The presidential candidate of the African Democratic Congress in the 2023 general elections, Dumebi Kachikwu, has urged President Bola Tinubu to order an investigation into the activities of the Central Bank of Nigeria, the Nigerian National Petroleum Company Limited and…
Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against President Bola Ahmed Tinubu over “the failure to probe the allegations that $2.1 billion and N3.1 trillion public funds of oil revenues and budgeted as fuel subsidy payments are…
By Ibiyemi Mathew The Policy Advisory Council of President Bola Ahmed Tinubu has advised the President to employ tested individuals to lead the Nigerian National Petroleum Company Limited (NNPCL). The Policy Advisory Council members who comprise of Austin Avuru; Olu Verheijen;…
