The total loss of the Nigerian National Petroleum Corporation from January to November 2015 has been put at N255.28bn, as against N240.98bn which it recorded from January to October in the same year. An analysis of the corporation’s financial report for October and November 2015 showed a difference of N14.3bn between the two months. The […]
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The Minister of State for Petroleum, Dr Ibe Kachikwu, said the nation’s refineries had been repositioned to produce not less than 10 million litres of Premium Motor Spirit (PMS), popularly known as petrol, per day. Kachikwu stated this on Sunday during his official visit to Kaduna Refining and Petrochemical Company (KRPC). According to him, the […]
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The Nigerian Nationla Petroleum Corporation (NNPC), through the National PMS Evacuation Report has said that the country currently has about 977.31 million litres of Premium Motor Spirit (PMS) in its land and marine depots. The report, which was released on Wednesday in Abuja, noted that the reserve would be enough to last the country for […]
Read More The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has ordered the deployment of employees of the Nigerian National Petroleum Corporation in filling stations across the country for effective monitoring of the fuel distribution system. The corporation disclosed this on Monday in a statement signed by its Group General Manager, Group Public Affairs Division, […]
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Nigeria’s crude oil, which has been struggling to sell in recent months, may suffer further setbacks in the global market following the lifting of the ban on the United States oil exports. The US Congress had on Friday approved the lifting of the ban as part of a $1.1tn spending bill, which included a provision […]
Read More The Minister of State for Petroleum Resources and Nigerian National Petroleum Corporation Group Managing Director Dr. Ibe Kachikwu has directed the Pipelines and Products Marketing Company (PPMC) and Petroleum Products Pricing Regulatory Agency (PPPRA) to embark on renewed special supply intervention measures to ensure availability of petroleum products ahead of the Yuletide and beyond. The […]
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Following the new template that the Nigerian National Petroleum Corporation (NNPC) is working out with the the Petroleum Product Pricing Regulatory Agency (PPPRA), premium motor spirit (PMS), popularly called petrol, may sell for less thant N87 per litre next year. Addressing journalists on the new framework in Abuja yesterday, the corporation’s Group General Manager, Corporate […]
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… As NNPC recounts removal of subsidy The Nigeria Extractive Industries Transparency Initiative (NEITI) has given a nod to the proposed oil subsidy removal, stating that government would save N700 billion yearly from it. According to statement from the Acting Director of Communications, Obiageli Onuorah, the Acting Executive Secretary of NEITI, Dr Orji Ogbonnaya Orji, […]
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