Eko Hot Blog reports that the Central Bank of Nigeria (CBN) has said about $150 million is spent monthly by the Nigerian National Petroleum Corporation (NNPC) on petrol importation into the country. Principal Manager at the apex bank, Osagie Clement, made this known on Wednesday when he appeared before the House of Representatives ad-hoc committee … Read more
EKO HOT BLOG reports that the Nigerian National Petroleum Company Limited (NNPCL) has further increased pump prices of Petrol, known as Premium Motor Spirit (PMS) from 537 to 617 naira Per Litre. According to Daily Sun, NNPC filling stations increased their prices on Tuesday morning. NNPC filling stations in Abuja witnessed brief queues, particularly the … Read more
IPMAN accuses NNPCL of withholding petrol that its members paid for more than 6 months ago. NNPCL has not yet responded to the allegations. IPMAN is calling on the government to intervene to avert a petrol scarcity. EKO HOT BLOG reports that the Independent Petroleum Marketers Association of Nigeria (IPMAN) has accused the Nigerian National … Read more
Eko Hot Blog reports that as the Nigerian National Petroleum Company Limited (NNPCL) hands-off the monopoly of petrol importation, petroleum marketers have demanded immediate release of their outstanding supplies of Premium Motor Sprit otherwise known as petrol worth N30.96 trillion by the National oil company. Addressing Journalists at the Suleja/Abuja Secretariat of the Independent Petroleum … Read more
The NNPCL confirms that once the Dangote Refinery starts producing refined petroleum products in late July or early August, it will reduce its imports of petrol. The NNPCL, currently the sole importer of petrol in Nigeria, plans to buy from the Dangote Refinery as they co-own 20% of the facility and want to support their … Read more
The Nigerian National Petroleum Company Limited (NNPCL) has announced that the prices of Premium Motor Spirit (PMS) will not decrease despite the production from Dangote Refinery and Port Harcourt Refinery. The CEO of NNPCL, Mele Kyari, stated that local production does not guarantee a reduction in prices, as refineries will consider production costs. Kyari also … Read more
…NNPCL assures a ceaseless supply of products Eko Hot Blog reports that the Nigerian National Petroleum Company Limited (NNPCL) has confirmed the adjustment in the pump prices of Premium Motor Spirit (PMS) or fuel. The Chief Corporate Communication Officer, NNPCL Ltd, Garba Deen Muhammad in a statement on Wednesday, titled ‘Adjustment in the pump price … Read more
Buhari has called for calm in the court case between Senator Ifeanyi Araraume and the Nigerian National Petroleum Company Limited, saying that due judicial process would be followed to resolve the problem. The Federal High Court in Abuja has set aside all decisions taken by the NNPCL board since January, and restored Araraume as the … Read more