NNPC

The Nigerian National Petroleum Company Limited (NNPC Ltd) says it has two billion litres of petrol in stock. This is contained in a statement issued by Adeyemi Adetunji, NNPC’s executive vice president (downstream). Mr Adetunji said…

The pump price of Premium Motor Spirit, popularly called petrol, could hit N400/litre at most filling stations before the end of this year, going by the continued scarcity of the product, oil marketers stated on Tuesday. This will…

Godwin Emefiele, the Central Bank of Nigeria’s governor, stated over the weekend that the official foreign exchange receipt from crude oil sales into Nigeria’s official reserves has depleted from over $3.0 billion monthly in 2014 to zero…

The lowest price the Nigerian National Petroleum Company Limited can sell Premium Motor Spirit, popularly called petrol, to marketers, assuming there is no subsidy, is N400/litre, it has been learnt. Oil marketers, who made the…

The Oil Marketers Association of Nigeria has urged the Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigerian Ports Authority (NPA) to obey President Muhammadu Buhari regime’s directive on naira transactions for port…

Many fuel stations within the Abuja metropolis of the Federal Capital Territory have adjusted pump prices to between N180 and N285 per litre. Our correspondent observed that queues had returned to many filling stations, especially within…

The group managing director of the Nigeria National Petroleum Company (NNPC) Ltd, Mele Kyari, has alleged that he is receiving death threats due to the ongoing reformation of the NNPC. Mr Kyari made the allegation on Wednesday in Abuja…

Former chairman, Senate Committee on Local and Foreign Debts, Ifeanyi Ararume, has slammed a N100 billion suit on the President, Major General Muhammadu Buhari (retd.) at a Federal High Court in Abuja over alleged unlawful removal of his…

The Nigerian National Petroleum Company Limited’s stock of Premium Motor Spirit, popularly called petrol, dipped by 5,481,239 litres, according to industry data released on Tuesday. Although the drop in PMS stock was marginal, queues for…

The House of Representatives ad hoc committee investigating the structure and accountability of the joint venture businesses and production-sharing contracts of the Nigerian Petroleum Corporation (NNPC) has accused oil companies of tax…