Dangote Refinery Pledges Uninterrupted Fuel Supply, Cites Tariff Policy as Boost to Local Industry
The Refinery currently produces over 45 million liters of PMS and 25 million liters of diesel daily.
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NNPC Reveals Nigeria Loses 700,000 barrels Per Day To Oil Thieves
The Chief Upstream Investment Officer at the NNPC Upstream Investment Management Services (NUIMS), Bala Wunti, said Nigeria loses 700,000 barrels per day to oil thieves. Wunti stated that the Federal Government had projected a production output of 1.88 million barrels per day,
Flagship Energy Pushes Tech For Oil And Gas Trading Efficiency
Flagship Energy Limited believes that local Oil and Gas traders/operators could leverage technology to join the global oil and gas community. Mr Osagie Ediale, who runs Flagship Energy Limited, believes that local players in Nigeria’s oil and gas sector should deploy initiatives
Nigerian Petrol Regulator Addresses Fuel Price Hike, As Litre Sells For N250
Despite filling stations selling Premium Motor Spirit (PMS) between N230 and N250, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has said the government has no intention of increasing fuel price. Checks by Prime Business Africa had shown that petrol stations
NNPC Blames Lagos Road Projects For Fuel Scarcity, To Distribute 2 billion Litres
The Nigerian National Petroleum Company (NNPC) said ongoing road projects in Lagos are behind scarcity of fuel in several areas within the state, as queues return to filling stations. Prime Business Africa gathered that distribution of fuel has been crippled by the
Peter Obi Reveals Why Nigeria Must Look Beyond Oil
The Presidential candidate of Labour Party, Peter Obi, said Nigeria must look beyond oil, a week after it was revealed the commodity no longer contributes to the country’s foreign reserves. Nigeria’s oil revenue once accounted for the majority of its foreign reserves,
Petrol Scarcity: Marketers Urge NNPC To Revive Own Depots
With the persistent scarcity of fuel, the Independent Petroleum Marketers Association of Nigeria (IPMAN) has urged the Nigeria National Petroleum Company (NNPC) Limited to revive its depots across the country to address supply chain disruptions. Deputy National President of IPMAN, Alhaji Zarama
Petrol Pump Price May Hit N650 – Marketers
The National Operations Controller of the Independent Petroleum Marketers Association of Nigeria (lPMAN), Mike Osatuyi, said petrol pump price may rise astronomically as Nigerians could buy fuel at N650 to N700 per litre. Osatuyi said the current price of N170 can more
NNPC Boss, Kyari, Calls For Increase In Fuel Price, Says N170 Per Litre Unrealistic
The Group Managing Director of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, has called for increase in fuel price, stating the N170 per litre is no longer realistic. During the Legislative Transparency and Accountability Summit organised by House of Representatives
NNPC Boss, Kyari, Receives Death Threat, Amid Firm’s Disagreement With El-Rufai
The Group Managing Director (GMD) of the Nigeria National Petroleum Company (NNPC) Limited, Mele Kyari, has claimed that his life is under threat. Kyari said some persons are threatening his life due to the reform of the NNPC Limited. He said certain
Buhari Faces N100 billion Lawsuit, As NNPC Former Chair, Ifeanyi Ararume, Fight Sack
President Muhammadu Buhari has been sued by the former senator representing Imo north, Ifeanyi Ararume, for removing him as board chairman of the Nigerian National Petroleum Company (NNPC) Limited. Ararume was four months into the position when President Buhari replaced him with
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