NNPC GMD Advises Nigerians Not To Buy Petrol Above Approved Pump Price Of N145 Per Litre

NNPC GMD Advises Nigerians Not To Buy Petrol Above Approved Pump Price Of N145 Per Litre. Baru passed this instruction few hours after an NNPC station was shut down in Abuja by the Department of Petroleum Resources (DPR) for selling petrol at N181 per litre. The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Maikanti… Read More

NNPC, NLNG Earmark $4mn For Establishment Of Laboratories In 6 Universities

The Nigerian National Petroleum Corporation (NNPC), said it is collaborating with the Nigerian Liquefied Natural Gas (NLNG) Limited for the provision of science and laboratories in six universities spread across all the geopolitical zones in the country at a whooping cost of $4Mn . They said each of the agency is committing two million dollars… Read More

50% Of Petrol Pumped Through Aba-Enugu Pipeline Stolen – NNPC

The Nigerian National Petroleum Corporation (NNPC), Sunday, lamented the high rate of pipeline vandalisation in the south-eastern part of the country, stating tthat more than 50 per cent of petroleum products pumped through the Aba- Enugu pipeline network are stolen. According to a statement in Abuja, Group Managing Director of the NNPC, Mr. Maikanti Baru,… Read More

External Reserve: Across The US$40bn Threshold, And Counting

Gross official reserves increased by US$1.92bn in January to US$40.69bn. The rapid accumulation of US$12.69bn over 12 months is due to two sizeable Eurobond launches, a small diaspora bond issue and the recovery in oil export revenues (through the NNPC’s share of production). We have to add the CBN’s fx reforms in H1 2017 because… Read More

NPDC Is Currently Targeting The Production 500,000 Barrels Of Crude Oil Per Day

The Nigerian Petroleum Development Company (NPDC), one of the upstream subsidiaries of the Nigerian National Petroleum Corporation (NNPC), will increase its daily crude oil production to 500,000 barrels per day before 2022. This target was announced by the Group Managing Director of the NNPC, Dr. Maikanti Baru, during the inauguration of the board of directors… Read More

Yeah!! NNPC Confirms Adequate Hydrocarbon In The Sokoto Basin

The Nigeria National Petroleum Corporation (NNPC) has confirmed the presence of adequate hydrocarbon in the Sokoto basin, urging governments of Sokoto, Kebbi, Zamfara and Katsina states to prepare to acquire oil blocks in the basin. Speaking at the regional technology knowledge sharing workshop on hydrocarbon potentials of the Sokoto basin, NNPC Group Managing Director, Dr.… Read More

Check Petrol Price In Nigeria – January 12th 2018

Petrol Price Hits N160/litre At Depots , LAGOS , ABUJA , PORT-HARCOURT , IBADAN , CALABAR , AWKA , ONITSHA , ABA , UMUAHAI , OWERRI Despite the repeated assurance by the Nigerian National Petroleum Corporation (NNPC), that it has not increased its petrol ex- depot price from N133.80k, Daily Sun findings across some depots in… Read More

Things Normalize As NNPC Fixes Pipeline That Caused Nationwide Blackout, Resumes Gas Supply

The Nigerian National Petroleum Corporation (NNPC) says the Escravos-Lagos Pipeline (ELP), which got burnt by fire, has been restored. Ndu Ughamadu, spokesman of the corporation, said gas supply to customers on the line, including power generating companies, had resumed. On January 2, a section of the ELP at Abakila in Ondo state went up in… Read More

NNPC Opens Up On Plans To Increase Petrol Pump Price

The Nigerian National Petroleum Corporation, NNPC, has insisted that it has no plans to increase the pump price of petrol as rumored in the country. Ndu Ughamadu, Group General Manager, Public Affairs Division, of NNPC, said the pump price of petrol remained N143 per litre in NNPC Retail outlets and N145 in other fuel stations,… Read More

No Plan To Increase Fuel Price – NNPC

The Nigerian National Petroleum Corporation, (NNPC) has once again said it has no plan to increase price of premium motor spirit, (PMS) otherwise known as petrol in country. NNPC in a statement by Ndu Ughamadu, Group General Manager Public Affairs Division, said the pump price of petrol remains N143 per litre in NNPC Retail outlets and N145… Read More

Senate Blames NNPC, Marketers For Fuel Scarcity

The Senate Committee on Petroleum Downstream is blaming the Nigeria National Petroleum Corporation (NNPC) and oil marketers over the short supply of petroleum products in the country. Committee Chairman, Senator Kabiru Marafa, stated this on Monday in Gusau during an oversight assignment on fuel crisis in the country. Marafa, accompanied by committee member Senator Abdullahi… Read More

Nigeria’s Problems More To Do With Process Than Structure – Buharim

President Muhammadu Buhari has said that Nigeria’s problems have to do more with process than structure. Buhari made his position known in his New Year nationwide broadcast to Nigerians early on Monday. He noted that while the nation had tried the parliamentary system of government and jettisoned it, there was ongoing clamour to return to… Read More

Nigerians Won’t Go Into New Year With Petrol Scarcity – NNPC

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, has vowed that Nigerians will not go into 2018 with the scarcity of petroleum products. Baru, who disclosed this to State House correspondents in Abuja on Friday, reiterated NNPC’s position to ensure the pump price of fuel was maintained at the current… Read More

Fayose to Osinbajo: I Like You Because You Are A Pastor, Don’t Join the ‘Liars’ In This Critical Govt.

Ayo Fayose, Ekiti state governor, has criticised Vice-President Yemi Osinbajo over his recent claim regarding fuel subsidy. But speaking on Wednesday, Fayose wondered if there was any difference between the NNPC and the federal government.   On Tuesday, Osinbajo had said the Nigerian National Petroleum Commission (NNPC) bears the cost of fuel subsidy and not… Read More

Check NNPC Replies To Marketers: We Supply Products To You Despite Over N26Billion Debt

The Nigerian National Petroleum Corporation (NNPC) has described as very unfortunate a statement credited to the Depot and Petroleum Products Marketers Association (DAPPMA) on the fuel supply situation, especially Premium Motor Spirit (petrol). NNPC regrets that DAPPMA which members had taken receipts of products from Petroleum Products Marketing Company (PPMC), a subsidiary of NNPC and… Read More