FG scraps DPR, PPPRA, PEF, sacks CEOs, inaugurates new agencies
The Department of Petroleum Resources, the Petroleum Products Pricing Regulatory Agency and the Petroleum Equalisation Fund are all officially scrapped and do not exist anymore, […]
petroleum products
NNPC records crude oil, gas sales of $219.75m in May •Posts ₦295.72bn from sale of petroleum products
ABUJA – The Nigerian National Petroleum Corporation (NNPC) says it recorded a total crude oil and gas export sales of $219.75m in May 2021, representing […]
Why a decentralised VAT collection model could do more harm than good, By Omotola Abimbola
“The Federal Inland Revenue Service (FIRS) and the Rivers state government are locked in a legal dispute over the latter’s claim that it is constitutionally […]
FG implements cooking gas imports tax, price jumps by 100%
The Federal Government has implemented a 7.5 per cent tax on imported Liquefied Petroleum Gas, popularly called cooking gas, as the cost of the commodity […]
Fuel price remains until FG, labour end negotiations – PPPRA
The Petroleum Products Pricing Regulatory Agency on Sunday said the Petroleum Industry Act had signaled the full deregulation of the downstream oil sector. It was, […]
Welcome, ministry of innovation, By ANIEBO NWAMU
In his sixth year as Nigeria’s minister of science and technology, Dr Ogbonnaya Onu last Friday announced with glee the renaming of his ministry. With […]
Petrol subsidy may gulp N2tn this year –Rainoil boss
Nigeria may end up spending N2tn on petrol subsidy this year if the current situation persists, the Group Managing Director, Rainoil Limited, Dr Gabriel Ogbechie, […]
NNPC records product sale of ₦234.63bn in March
ABUJA – The Nigerian National Petroleum Corporation (NNPC) has announced that its downstream subsidiary, the Petroleum Products Marketing Company (PPMC), recorded ₦234.63 billion revenue from […]
Revealed: PIB Would Permit Only Dangote Refinery, NNPC To Import Fuel
Dangote refinery and the Nigeria National Petroleum Corporation will be the only two entites permitted to import petroleum products into Nigeria if the senate version […]
NNPC saves $1bn on petrol imports, says Kyari
The Group Managing Director, Nigerian National Petroleum Corporation, Mele Kyari, on Wednesday announced that the oil firm saved over $1bn of the cost that would […]
Border corruption: Security agents, smugglers worsen subsidy crisis, flout Buhari’s order
Facts have emerged about how security agents and border communities aid smuggling of petroleum products, thus worsening the fuel subsidy crisis in the country. Our […]
Petrol landing cost hits N232, subsidy rises to N5.58bn daily
April landing cost, N216, devaluation, rising crude price fueling price increaseThe landing cost of Premium Motor Spirit being imported into Nigeria surged by more than […]
Petroleum products marketers have no plan to go on strike – President
The Independent Petroleum Marketers Association of Nigeria (IPMAN) is neither planning to go on strike nor planning to shut fuel stations nationwide, its National President, […]
Why NNPC is considering equity in Dangote refinery, others
The Nigerian National Petroleum Corporation (NNPC) is considering equity participation in some private refineries in line with a Federal Government’s policy directive which stipulates the […]
Troops Eliminate Several ISWAP, ESN Commanders in Renewed Aerial and Land Bombardments
Troops Eliminate Several ISWAP, ESN Commanders in Renewed Aerial and Land Bombardments Recall that the Chief of Defence Staff and Service Chiefs have conducted several […]
How Governor Ugwuanyi rescued accident victims
Enugu Governor Ifeanyi Ugwuanyi at the weekend led a rescue operation at an accident scene at Ekulu Bridge, Abakpa Nike, Enugu East Council and rescuing […]
Fuel Marketing Companies’ Revenue Decline By N331.54bn
Five of the major oil marketing companies in the country saw their total revenue plunge by N331.54bn last year amid the impact of the COVID-19 […]
Daily fuel consumption hits 72.72m litres, marketers blame smuggling
Petrol supply by the Nigerian National Petroleum Corporation hit a high of 72.72 million litres daily in December amid the smuggling of the product to […]
No hike in petrol price until talks with labour is concluded –NNPC
The Nigerian National Petroleum Corporation (NNPC) on Friday assured Nigerians that it would maintain its current ex-depot price of Premium Motor Spirit (petrol) until the […]
PMS: NNPC Says Ex-Depot Price Stays until End of Talks with Labour
The Nigerian National Petroleum Corporation (NNPC) has said it would maintain its current ex-depot price of Premium Motor Spirit (petrol) until the conclusion of ongoing […]