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NNPC News - Page 12

Forex Woes, Price Controls Cede Petrol Importation to NNPCL

Independent petroleum marketers have been forced to relinquish their initial foray into petrol importation due to the dual challenges of restricted access to foreign exchange (forex) and stringent price controls. The Nigerian National Petroleum Company Limited (NNPCL) has now emerged as the

September 4, 2023

Business·Oil & Gas

NNPC Doesn’t Have Fuel To Sell – Oil Marketers’ Depot Chairman Says

The Chairman of Satellite Depot, Independent Petroleum Marketers Association of Nigeria (IPMAN), Lagos, Akin Akinrinade, said the retail stations owned by the Nigerian National Petroleum Company (NNPC) Limited don’t have fuel to sell. Akinrinade stated that fuel scarcity is affecting both the

September 1, 2023

NNPCL Denies Inflating Fuel Subsidy Payments

Business·Oil & Gas

Nigeria Records 164 Crude Oil Theft Incidents In One Week

The Nigerian National Petroleum Company (NNPC) Limited revealed that between 19 to 25 August 2023, about 164 crude oil theft incidents were recorded amid declining oil output. Of the total crude oil theft, 49 cases of unauthorised refineries were discovered, 41 illegal

August 30, 2023

Tinubu Sets Up Committee To Tackle Flood Crisis

Business

Tinubu To Sell Stakes In NNPC, 19 Other Gov’t Entities

President Bola Tinubu is considering selling a stake in the Nigerian National Petroleum Company (NNPC) Limited and 19 other national assets or entities. Tinubu is looking to raise capital from the sale of the stakes to finance his administration’s projects and reduce

August 16, 2023

Business·Oil & Gas

NNPC Denies Plans To Increase Fuel Price

The Nigerian National Petroleum Company (NNPCL) has clarified that it will not increase the price of Premium Motor Spirit (PMS) in its retail outlets. The national oil company made this known in a statement on Monday night. The company in a statement

August 15, 2023

Ex-NNPCL Boss Kyari Denies Being In EFCC’s Custody

Business·News

Subsidy: Kyari Should Account For Monies Spent On Refineries Over Years – Economist

A development Economist, Abayomi Oyalowo, has called for the probe of the Nigeria National Petroleum Company Limited (NNPCL) Group Chief Executive Officer (GCEO), Mele Kolo Kyari, over monies spent on Turn Around Maintenance (TAM) of the nation’s oil refineries over the years.

July 21, 2023

Business·Oil & Gas

Fuel: We Adjust Prices According To Market Realities – NNPC Boss

As Nigerians lament further hike in price of Premium Motor Spirit (PMS), the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, has attributed it to market realities. The national oil company on Tuesday, adjusted pump prices

July 18, 2023

NNPC Refutes Viral Claims That Its Fuel Does Not Last

Business·Oil & Gas

NNPC Increases Fuel Price To N580/Litre, Oil Marketers Eye N700

The prices of Premium Motor Spirit (PMS) have been readjusted by the Nigerian National Petroleum Company (NNPC) Limited after its previous increase in May. Prime Business Africa previously reported that the NNPC Limited readjusted fuel prices from N189 per litre to above

July 18, 2023

Business·Oil & Gas

NNPC, Oil Marketers Disagree Over Fuel Subsidy Regime Contract

The Nigerian National Petroleum Company (NNPC) Limited has informed members of the Independent Petroleum Marketers Association of Nigeria (IPMAN) to take delivery of petrol they paid for during the subsidy regime at a new price that includes the Value Added Tax (VAT).

July 11, 2023

Tinubu Pays Tribute To First FCT Minister, Late Mobolaji Ajose-Adeogun

Business

FAAC Committee Reveals FIRS, NNPC, NUPRC Yet To Remit N1.6trn To Federation Account

Over N1.6 trillion is yet to be remitted by the Nigeria National Petroleum Company (NNPC) Limited, Federal Inland Revenue Service (FIRS) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) into the Federation Account as of June 2023. The breakdown of the funds

July 3, 2023

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NNPC News - Page 12

Forex Woes, Price Controls Cede Petrol Importation to NNPCL

NNPC Doesn’t Have Fuel To Sell – Oil Marketers’ Depot Chairman Says

Nigeria Records 164 Crude Oil Theft Incidents In One Week

Tinubu To Sell Stakes In NNPC, 19 Other Gov’t Entities

NNPC Denies Plans To Increase Fuel Price

Subsidy: Kyari Should Account For Monies Spent On Refineries Over Years – Economist

Fuel: We Adjust Prices According To Market Realities – NNPC Boss

NNPC Increases Fuel Price To N580/Litre, Oil Marketers Eye N700

NNPC, Oil Marketers Disagree Over Fuel Subsidy Regime Contract

FAAC Committee Reveals FIRS, NNPC, NUPRC Yet To Remit N1.6trn To Federation Account

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