NNPC
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) says the pump price of premium motor spirit (PMS), also called petrol, should be between N360 and N400 a litre, after the removal of subsidy. Festus Osifo, president of PENGASSAN, made this known while speaking to journalists on the sidelines of the association’s […]
The Nigerian National Petroleum Company Limited is selling Premium Motor Spirit, popularly called petrol, at a loss because of its mandate from the Federal Government as regards PMS subsidy, the Minister of State for Petroleum Resources, Chief Timipre Sylva, said on Monday. Sylva’s remarks came as oil marketers stated that the supply hitches […]
The Department of State Services (DSS) has given the Nigerian National Petroleum Company (NNPC) Limited and oil marketers a 48-hour ultimatum to make Premium Motor Spirit, known as petrol, available for Nigerians. This was disclosed on Thursday by Peter Afunanya, the Spokesman for DSS, while briefing journalists at its office in Abuja after […]
The Nigerian National Petroleum Company Limited, says it has two billion litres of Premium Motor Spirit, PMS, in stock. This is contained in a statement issued by Mr Adeyemi Adetunji, Executive Vice President, Downstream, NNPC Limited. Adetunji said the stock of over two billion litres is equivalent to over 30 days of sufficiency. […]
Lagosians on Monday morning woke up to another week of acute fuel shortage as more filling stations were under lock and key, saying they had run out of fuel. But the few stations dispensing, especially the NNPC retail outlets, are being accused of hoarding fuel, refusing to sell to motorists who have been […]
No fewer than 28 host communities in OML34, Delta State, yesterday, issued a five-day ultimatum to ND-Western E&P Company and NNPC E&P Limited, to shut down their operations over the companies’ continued failure and refusal to fulfil the mandatory obligations to the aggrieved host communities, Vanguard reports. The notice for peaceful protest and […]
Employees and agents of Glencore, a British subsidiary of the mining and trading group, delivered cash in private jets to oil officials in West Africa including Nigeria, according to UK prosecutors. UK’s serious fraud office (SFO) made this known to the Southwark crown court on the first day of a sentencing hearing, […]
The Economic and Financial Crimes Commission (EFCC) has charged ex-Lagos Attorney-General and Commissioner for Justice, Supo Shasore (SAN), for money laundering. The EFCC filed four count charges against the founding partner of Africa Law Practice NG & Co. before the Federal High Court in Lagos. 58-year-old Shasore is accused of inducing one Olufolakemi […]
The Nigerian National Petroleum Corporation Limited (NNPC) says the recently-detected illegal connection was on the Trans Escravos pipeline looped to the 4-kilometre Afremo test line. Last Tuesday, Mele Kyari, group chief executive officer (GCEO), NNPC Limited, had said the nine-year illegal 4-kilometre (km) pipeline was from Forcados terminal to the sea. “The most […]
Mujahid Asari Dokubo, former President of the Ijaw Youth Council and former leader of, the Niger Delta Peoples Volunteer Force, has revealed the categories of people behind oil theft in the Niger Delta region. Dokubo who made the revelation when he appeared on Arise TV News Program, Wednesday night, said some wills need […]
Crown FM Onitsha