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NNPC News - Page 3

N15 Reduction Is Insignificant- Nigerians React As NNPCL Reduces Petrol Price To N945/ Litre

TUC Urges Special FX Rate For NNPCL To Cut Petrol Prices

TUC Calls for Special FX Rate to Reduce Petrol Prices The Trade Union Congress (TUC) has urged the Central Bank of Nigeria (CBN) and the Nigeria Customs Service (NCS) to implement a special foreign exchange rate (Fx rate) for the Nigerian National

September 10, 2024

Competition Sets In As NNPCL, Like Dangote Refinery, Slashes Petrol Price

Business·News·Oil & Gas

Petrol Prices Influenced By Forex, Market Forces – NNPCL

The Nigerian National Petroleum Company Limited (NNPCL) has stated that foreign exchange (forex) crisis has been a significant factor influencing the changes in price of Premium Motor Spirit (PMS) in the country. Speaking on TVC News “Journalists’ Hangout” show on Thursday, the Executive

September 6, 2024

Reviving Brass, Olokola LNG Projects Will Boost Power Generation, Economy – NNPCL

Opinion

NNPC: From Monopoly To Monopsony

Very few business organisations are as lucky as NNPCL, Nigeria’s state-owned oil company, founded over 50 years ago. Since its founding, the corporation has consistently failed to perform its basic functions and meet its organisational objectives; and rather than being liquidated or

September 6, 2024

Business·FEATURES·Oil & Gas

How Strong Competitive Market Will Stabilise Fuel Price In Nigeria

As Nigerians grapple with scarcity and high price of fuel, it has been emphasised that only a fully deregulated market with perfect competition, would facilitate increased supply, and make the commodity stable and affordable in the country. With four major government-owned refineries

September 5, 2024

Business·Markets·News·Oil & Gas

NNPCL’s $6.8 Billion Debt Crisis Sparks Calls for Urgent Privatisation

The Nigerian National Petroleum Company Limited (NNPCL) has found itself at the centre of a financial and operational crisis that has left Nigerians reeling from the consequences. The NNPCL, once hailed as Nigeria’s most valuable asset, is now being viewed by many

September 5, 2024

Business·News·Oil & Gas

Lagos Residents Lament As High Fuel Price Triggers Transportation Chaos

Fuel prices have skyrocketed in Lagos, creating a scarcity that has disrupted daily life and led to an unprecedented increase in transportation costs. As filling stations across the city struggle to meet demand, residents are left grappling with the financial burden of

September 3, 2024

Dangote Refinery: Of Hopes, Drools And Jokes

Business·News·Oil & Gas

Our Refinery’s Capacity Will Meet Nigeria, Sub-Saharan Petrol Demands – Dangote

Aliko Dangote, the chairman of Dangote Group, has announced that the Dangote Refinery, with a capacity of 650,000 barrels per day, is set to satisfy the petrol demands in Nigeria and across the entire sub-Saharan region. This statement was made during a

September 3, 2024

Nigeria’s Energy Crisis: A Fuel Hike Or A Broken System?

Business·News·Oil & Gas

Petrol Price To Hit N1,300, NNPC Faces Financial Strain

The price of petrol in Nigeria is on the verge of a significant increase, with estimates suggesting it could reach N1,300 per litre. This rise is attributed to the financial challenges faced by the Nigerian National Petroleum Company (NNPC) Limited, which is

September 3, 2024

Business·News·Oil & Gas

NNPCL Admits Financial Strain Amid Rising PMS Supply Costs

NNPC Faces Financial Challenges Due to Rising Supply Costs NNPC Ltd. is facing significant financial pressure due to rising Premium Motor Spirit (PMS) supply costs. This situation is putting a strain on the company’s ability to maintain a stable fuel supply, raising

September 2, 2024

NNPCL Shuts Down Port Harcourt Refinery For Maintenance

News

NNPC Seeks Private Firms To Manage Kaduna, Warri Refineries

The Nigerian National Petroleum Company Limited (NNPCL) has announced that it wants to engage credible private firms with capacity to operate and maintain the Warri Refining and Petrochemical Company and the Kaduna Refining and Petrochemical Company. NNPCL made this known in a

August 30, 2024

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NNPC News - Page 3

TUC Urges Special FX Rate For NNPCL To Cut Petrol Prices

Petrol Prices Influenced By Forex, Market Forces – NNPCL

NNPC: From Monopoly To Monopsony

How Strong Competitive Market Will Stabilise Fuel Price In Nigeria

NNPCL’s $6.8 Billion Debt Crisis Sparks Calls for Urgent Privatisation

Lagos Residents Lament As High Fuel Price Triggers Transportation Chaos

Our Refinery’s Capacity Will Meet Nigeria, Sub-Saharan Petrol Demands – Dangote

Petrol Price To Hit N1,300, NNPC Faces Financial Strain

NNPCL Admits Financial Strain Amid Rising PMS Supply Costs

NNPC Seeks Private Firms To Manage Kaduna, Warri Refineries

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