Fuel Scarcity Hits Some Parts of Lagos as Anxiety and Confusion Mounts EKO HOT BLOG reports that fuel scarcity appears to have hit some parts of Lagos as long queues are showing up at filling stations in the state, especially the island axis. There were unusual long queues of vehicles at various filling stations in … Read more
The opposition party also challenged the APC to publish the names and details of those it claimed to be sponsors of terrorism… EKO HOT BLOG reports that the Peoples Democratic Party (PDP) has described the President Muhammadu Buhari-led All Progressives Congress (APC) administration as a government of liars, for the liars and by the liars. … Read more
…the PDP already has information of how corrupt APC leaders pushed for the additional ₦2.557 trillion to… EKO HOT BLOG reports that the Peoples Democratic Party (PDP) has demanded a full disclosure of specifics of the subsidy templates including details of the cost of importation of petroleum products into the country to warrant the additional … Read more
NNPC has secured $5bn Funding from Afreximbank for Nigeria’s Oil Industry. Eko Hot Blog reports that the Nigerian National Petroleum Company Ltd has secured a $5bn corporate finance commitment from the African Export-Import Bank to fund major investments in Nigeria’s upstream sector. The funding commitment is a fallout of the meeting between the Chairman of the Board … Read more
…the Federal Government will have to make an incremental provision of ₦2.557 trillion in order to meet subsidy requirements… EKO HOT BLOG reports that the Nigerian National Petroleum Corporation (NNPC) has requested the sum of three trillion naira (₦3,000,000,000,000) as fuel subsidy for 2022. Minister of Finance, Budget, and National Planning, Zainab Ahmed, disclosed this … Read more
NNPC has reacted as fuel scarcity hit Abuja. EKO HOT BLOG reports that the Nigerian National Petroleum Corporation (NNPC) has reacted to the ongoing scarcity of fuel in Abuja. Residents of Abuja are currently struggling to purchase fuel at different filling stations in the nation’s capital. Read Also: Court Stops ICPC From Freezing Bank Account Without … Read more
Petrol price currently sells between ₦162 and ₦165 per litre EKO HOT BLOG reports that the National Economic Council (NEC) has recommended an increase in the price of fuel, according to TheCable. Fuel currently sells between ₦162 and ₦165 per litre in the country. In a report, the online newspaper said NEC, chaired by Vice-President … Read more
President Buhari Demands Transparency and Accountability As New NNPC Board Visit him Ekohotblog, report that President Muhammadu Buhari Friday in Abuja urged the Board of the newly incorporated Nigerian National Petroleum Company (NNPC) Limited to ensure strict compliance with Corporate Governance principles that place premium on doing business with the highest ethical standards, integrity, … Read more
Buhari has made new appointments in NNPC. EKO HOT BLOG reports that President Muhammadu Buhari has appointed the Board and Management of the Nigerian National Petroleum Company Limited, A statement by Femi Adesina, Special Adviser to the President on Media and Publicity on Wednesday, Buhari said the appointments is in accordance with the power vested … Read more
Kyari said NNPC officials were working with the Lagos State Government and other relevant authorities to permanently put off the fire EKO HOT BLOG reports that the Nigerian National Petroleum Company (NNPC) Ltd. has said Friday’s pipeline fire in Iyana-Odo/Baruwa axis of Lagos State will not disrupt the supply of petroleum products across the country. … Read more
NNPC has alerted Nigerians and spoken on recruitment exercise. EKO HOT BLOG reports that the Nigerian National Petroleum Company Limited (NNPC) has alerted Nigerians that the NNPC is presently not doing any recruitment exercise. The NNPC also debunked claims of organising an anniversary contest. This was revealed in a statement on Tuesday by the … Read more
…the NNPC was also not aware of any plan by government to cause an increase in the pump price of petroleum. EKO HOT BLOG reports that the Nigerian National Petroleum Company Limited (NNPC) has asked Nigerians not to panic over fuel scarcity as there are over 1.7 billion litres of petrol in stock. In the … Read more
NNPC has spoken about the increment of petrol price in the country. EKOHOTBLOG reports that the Nigerian National Petroleum Corporation (NNPC) has ruled out any hike in the pump price of Premium Motor Spirit (PMS), popularly known as petrol. It, however, admitted that there are pricing issues at some petrol depots in the country. An … Read more
Petrol price has been increased to N157 per litre. EKOHOTBLOG reports that the price of Premium Motor Spirit (PMS), fondly known as petrol, has been increased by Private Depots from N148 per litre to N157 per litre across Nigeria. The latest development, this online news platform understands may lead to petrol shortage in the country. An … Read more
The Nigerian National Petroleum Corporation (NNPC) spent a total of N905.27bn on petrol subsidy in eight months amid rising global oil prices, the latest data obtained from the corporation show. With the international oil benchmark, Brent crude, nearing $80 per barrel on Monday (up 2.07 per cent at $79.71 per barrel as of 7:00pm Nigerian … Read more
The winners of the award were announced by political economist, Prof Pat Utomi, on Thursday. EKOHOTBLOG reports that the Governor of Lagos State, Babajide Sanwo-Olu; President of the African Development Bank Group (AfDB), Akinwunmi Adesina; former Secretary to the Government of the Federation, Anyim Pius Anyim, and Group Managing Director of the Nigerian National Petroleum … Read more
Buhari further insisted that the affected Ministers can continue to perform their functions without necessarily being members of the board of NNPC Limited. EKOHOTBLOG reports that President Muhammadu Buhari has written a letter to the Senate to seek an amendment to the recently enacted Petroleum Industry Act (PIA). This was made known by the Senate … Read more
President Muhammadu Buhari has directed the incorporation of the Nigerian National Petroleum Company, NNPC, into a company. Buhari gave the directive to NNPC Group Managing Director of the NNPC, Mele Kyari. His spokesman, Femi Adesina, disclosed the president’s directive in a statement he issued on Sunday, EkoHotBlog reports. The presidential spokesman explained that Buhari’s action … Read more
He further noted that emergency responders at the incident scene include LASEMA, Lagos State Fire Service.” EKOHOTBLOG reports that there was pandemonium around the Igando-Ikotun axis of Lagos State in the early hours of Friday as a large volume of petrol gushed out of vandalised pipeline onto the street. The incident occurred at Omoboriowo Street, … Read more
While responding to questions on the Dangote Refinery, the NNPC chief justified the Federal government’s equity share in the plant Nigeria will stop the importation of Premium Motor Spirit (PMS), popularly known as petrol, when the Petroleum Industry Act (PIA) comes into full effect, and when the Dangote Refinery kicks off operations. The Group Managing … Read more