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42 stories tagged nnpc.
Motorists applaud second price cut in two weeks, call for further reductions. NNPC Limited has reduced the pump price of petrol at its retail outlets in Abuja to N965 per litre, a drop from the previous rate of N1,030…
In response to the growing apprehension over a potential increase in the pump price of Premium Motor Spirit (PMS), commonly known as petrol, the Nigerian National Petroleum Company Limited (NNPCL) has issued a statement…
The Nigerian National Petroleum Company (NNPC) Limited has come forward to clarify the factors contributing to the rise in petrol pump prices from N540 to N617 per litre. Mele Kyari, the Group Chief Executive Officer of…
In a surprising move on Tuesday, the Nigerian National Petroleum Company Limited (NNPCL) increased the pump price of Premium Motor Spirit (petrol) from N537/litre to N617/litre in Abuja. Independent oil marketers…
In a recent quarterly report published on Monday, the Nigerian National Petroleum Company (NNPC) Limited announced that it has missed the deadline for the launch of its highly anticipated initial public offering (IPO).…
In a landmark move aimed at tackling corruption, boosting economic growth, and ensuring energy security, President Bola Tinubu of Nigeria has made the decision to remove fuel subsidies. The subsidies, which have…
President Bola Tinubu held a significant meeting on Wednesday with Abdulrasheed Bawa, the Chairman of the Economic and Financial Crimes Commission (EFCC), and Mele Kyari, the Chief Executive Officer (CEO) of the…
The Nigerian National Petroleum Company (NNPC) Limited has revealed that the federal government still owes the company a staggering sum of N2.8 trillion for the petrol subsidy. Mele Kyari, the Group Chief Executive…
In a significant move, the Nigeria National Petroleum Company (NNPC) Limited has expressed its support for the decision made by the new administration to abolish petrol subsidy payments. President Bola Tinubu, in his…
The President, Muhammadu Buhari says he will appeal the court judgment which ordered the reinstatement of Ifeanyi Ararume as a non-executive chairman of the Nigeria National Petroleum Company (NNPC) Limited. It will be…
A federal high court in Abuja has nullified the removal of Ifeanyi Ararume as a non-executive chairman of the Nigeria National Petroleum Company (NNPC) Limited. In a judgment delivered by Justice Inyang Ekwo on Tuesday,…
The Nigerian National Petroleum Company (NNPC) Limited says that the recent petrol scarcity affecting the country is not politically motivated. NNPC said the petrol scarcity in the country is not a deliberate action to…
The Nigerian National Petroleum Company Limited (NNPC Ltd) tones down the populace's fear as a result of the recent fuel scarcity saying, there's a stock of over two billion litres which is equivalent to over 30 days of…
The Governor of Kaduna State, Nasir El-Rufia, says the federal government should get out of oil and gas. He said the federal government has failed the oil and gas business. Rufai said the federal government should…
The Group Chief Executive Officer, GCEO, of the Nigerian National Petroleum Company, NNPC, Limited, Mele Kyari, said some illegal petroleum product pipelines were connected to Churches and Mosques. Kyari said this…
The Independent Petroleum Marketers Association of Nigeria, IPMAN, on Wednesday warned members of the association not to dispense Premium Motor Spirit, popularly called petrol, above the approved N165/litre pump price.…
The scarcity of Premium Motor Spirit, popularly called petrol, has refused to abate despite claims by the Nigerian National Petroleum Company Limited that it has been releasing hundreds of millions of litres of petrol…
Nigerian National Petroleum Corporation (NNPC) Limited yesterday said there is sufficient stock of petrol to meet local demand, calling on the public to desist from panic buying of the Premium Motor Spirit (PMS), or…
It will cost N3trillion to fund petrol subsidy this year at N270 billion per month, the Federal Government said yesterday. This is based on the projection submitted by the Nigerian National Petroleum Company (NNPC)…
The president, Trade Union Congress, Mr Quadri Olaleye has said that the federal government in the last 10 years wasted about $9.5billion for turnaround maintenance of the moribund refineries. Quadri disclosed this in…
