The Nigerian National Petroleum Company Limited (NNPCL) has dismissed rumors regarding an increase in Premium Motor Spirit (PMS) prices at its retail outlets. In an interview with Daily Post on Tuesday, NNPCL spokesperson Olufemi Soneye clarified that he is unaware of any rise in fuel pump prices, countering claims that the cost per litre had … Read more
President Bola Ahmed Tinubu convened with the implementation committee for crude oil and refined products sales in local currency to evaluate the progress of using the naira for crude sales to local refineries. The committee, led by Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, held a strategic review meeting at … Read more
The World Bank has leveled serious accusations against the Nigerian National Petroleum Company Limited (NNPCL), alleging inconsistencies and a lack of transparency in its financial reporting to the Federal Account Allocation Committee (FAAC). In its Accelerating Resource Mobilisation Reforms (ARMOR) Report released in May 2024, the World Bank highlighted concerns over NNPCL’s opaque financial practices, … Read more
The Rivers State Police Command has confirmed the tragic loss of eight lives following the crash of an Eastwind Aviation helicopter into the Bonny River in Rivers State. The helicopter was carrying six passengers and two crew members and was en route from Port Harcourt Military Base to the FPSO Nuim Antan offshore platform near … Read more
A helicopter carrying personnel for the Nigerian National Petroleum Company Limited (NNPCL) crashed into the Atlantic Ocean near Bonny Finima, off the coast of Port Harcourt, Rivers State, on Thursday, resulting in a tragic incident. The Sikorsky SK76 helicopter, operated by East Winds Aviation, had taken off from the Port Harcourt Military Base (DNPM) and … Read more
Three people have been confirmed dead following a helicopter crash in Port Harcourt, Rivers State, on Thursday. The Sikorsky SK76 helicopter, with registration 5NBQG, was operated by East Wind Aviation and was en route from the Port Harcourt Military Base to the FPSO – NUIMS ANTAN oil rig. EDITOR’S PICKS BREAKING: Tinubu Arrives Abuja After … Read more
The Nigerian National Petroleum Company Limited (NNPCL) has begun the process of addressing its outstanding debt of over $6 billion, a development confirmed by the Nigerian government through the Ministry of Finance. EDITOR’S PICKS BREAKING: Tinubu Arrives Abuja After Two-Week Working Vacation In UK, France NIDCOM Gears Up for 7th Nigeria Diaspora Investment Summit, Aims … Read more
The Dangote Petroleum Refinery has received four cargoes of crude oil from the Nigerian National Petroleum Company Limited (NNPCL) under a naira-for-crude agreement, according to both refinery officials and the Federal Government. These deliveries, made over the past three weeks, are part of a larger initiative where NNPCL supplies crude to local refineries in exchange … Read more
Dangote Refinery has clarified reports regarding a court case filed against the Nigerian National Petroleum Corporation Limited (NNPCL) and five other companies over the importation of petroleum products. The five other companies involved are Aym Shafa Limited, A. A. Rano Limited, T. Time Petroleum Limited, 2015 Petroleum Limited, and Matrix Petroleum Services Limited. EDITOR’S PICKS … Read more
The National President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Abubakar Maigandi, has reassured Nigerians that discussions with Dangote Refinery for direct petrol loading are progressing and will soon be finalized. Speaking during the inauguration of a task force to combat oil bunkering and pipeline vandalism in Abuja on Wednesday, Maigandi expressed confidence … Read more
The Minister of Power, Adebayo Adelabu, has stated that many Nigerians have stopped complaining about the high cost of petrol because they are no longer solely reliant on generators for electricity. Speaking during his keynote address at the 2024 Nigeria Energy Exhibition and Conference in Lagos, Adelabu addressed the theme, “Breaking Barriers in the New … Read more
The Nigerian National Petroleum Company Limited (NNPCL) remains the sole off-taker of Premium Motor Spirit (PMS), commonly known as petrol, from the Dangote Petroleum Refinery, despite the Federal Government’s recent directive allowing independent oil marketers to begin lifting petrol from the facility. EDITOR’S PICKS ICYMI: Nigerian TikToker, Oloba Salo Reportedly Shot in Lekki, Don’t Scrap … Read more
The House of Representatives has responded to the recent increase in petroleum product prices by demanding an immediate reversal of the hikes in petrol and cooking gas prices. This initiative was led by Deputy Minority Leader Aliyu Madaki and supported by 111 other lawmakers. EDITOR’S PICKS ICYMI: Nigerian TikToker, Oloba Salo Reportedly Shot in Lekki, … Read more
The Nigerian National Petroleum Company Limited (NNPCL) has categorically rejected claims of a price agreement concerning Premium Motor Spirit (PMS), commonly referred to as petrol, with the Independent Petroleum Marketers Association of Nigeria (IPMAN) or any other entities. This clarification comes in the wake of remarks made by IPMAN President Abubakar Maigandi, who suggested that … Read more
The Department of State Services (DSS) has brokered peace between the Nigerian National Petroleum Company Limited (NNPCL) and independent petroleum marketers, resolving a dispute over Premium Motor Spirit (PMS) pricing and supply. EDITOR’S PICKS ICYMI: Nigerian TikToker, Oloba Salo Reportedly Shot in Lekki, Don’t Scrap the EFCC, Fix It, Fintiri Slams Calls For Abolition AFCON … Read more
The former presidential candidate of the Labour Party, Peter Obi, has strongly condemned the recent fuel price hike and urged the Federal Government to reverse the increase immediately. In a statement posted on his X handle on Saturday, Obi criticized the Nigerian National Petroleum Company Limited’s (NNPCL) decision to raise petrol prices by 14.8%, pushing … Read more
President Bola Tinubu has expressed his condolences to Mele Kyari, the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPCL), following the death of his daughter, Fatima. In a condolence message on Friday, President Tinubu described Fatima’s passing as both irreparable and painful. He prayed for the repose of her soul … Read more
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, has lost his 25-year-old daughter, Fatima, who passed away on Friday, October 11, in Abuja. Her funeral prayers, held at the Annur Mosque in Abuja, were attended by Vice President Kashim Shettima, along with friends and associates of the Kyari … Read more
The Trade Union Congress (TUC) has called on the Federal Government to reduce petrol prices, urging them to lower costs even below June 2023 levels. TUC President Festus Osifo made this appeal during a press briefing in Abuja on Thursday. “We demand that the price be brought down, not just to what it was before, … Read more
Petroleum marketers have confirmed that the recent fuel price hike by the Nigerian National Petroleum Company Limited (NNPCL) is a direct result of the complete removal of subsidies on Premium Motor Spirit (petrol). The NNPCL has now raised pump prices to ₦1,030 per litre in Abuja and ₦998 per litre in Lagos. EDITOR’S PICKS Health, … Read more