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Business

Govt’ll consult widely before petrol subsidy removal – NNPC

 The Federal Government is going to consult widely before halting subsidy on Premium Motor Spirit, popularly called petrol, the Nigerian National Petroleum Corporation has said. On Monday, The PUNCH exclusively reported that the NNPC might spend N102.96bn on petrol subsidy this month going by the recent pricing template for the commodity. Findings by our correspondent […] Read Full Story

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Nigeria

Nigeria: Petrol Price Climbs N212 Per Liter, Nigerians react

Nigeria: Petrol Price Climbs N212 Per Liter, Nigerians reactThe Price of Premium Motor Spirit (PMS) also known as petrol has hit N212.6 per liter, according to the latest monthly template released by the Petroleum Products Pricing Regulatory Agency (PPPRA). This comes days after the Nigerian National Petroleum Corporation (NNPC) denied planned hike in the price of the commodity. The announcement has triggered fresh concerns among Nigerians. The template which was published on the official website of PPPRA, on Thursday night, revealed that the retail price of petrol would now be between lower band of N209.61 per liter and upper band of N212.61 per liter. However, marketers usually sell at the upper band. With ex-depot price standing at N206.42 per liter, the March template showed that the landing cost of petrol per liter is N189.61. The template also disclosed that the increment was due to the market determinants and importation costs. According to the templates, the average price per […]

Nigeria: Petrol Price Climbs N212 Per Liter, Nigerians react - NNN.

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#FuelPriceHike: No Increase In Depot Price Of Fuel In March, NNPC Insists

  The Nigerian National Petroleum Corporation (NNPC) on Friday insisted that there is no increment in the ex-depot price of Premium Motor Spirit (PMS) also known as petrol this month. NNPC announced this via a post on their official Twitter handle @NNPCgroup. “#NNPC Insists No Increase in Ex-Depot Price of PMS in March,” it simply … Continue reading #FuelPriceHike: No Increase In Depot Price Of Fuel In March, NNPC Insists Read Full Story

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#FuelPriceHike: No Increase In Depot Price Of Fuel In March, NNPC Insists

  The Nigerian National Petroleum Corporation (NNPC) on Friday insisted that there is no increment in the ex-depot price of Premium Motor Spirit (PMS) also known as petrol this month. NNPC announced this via a post on their official Twitter handle @NNPCgroup. “#NNPC Insists No Increase in Ex-Depot Price of PMS in March,” it simply … Continue reading #FuelPriceHike: No Increase In Depot Price Of Fuel In March, NNPC Insists Read Full Story

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News

NNPC insists petrol depot price will not increase in March

The Nigerian National Petroleum Corporation has insisted that petrol depot price will remain unchanged in March. This is coming as a reaction to the Petroleum Products Pricing Regulatory Agency, PPPRA fixing the pump price of Premium Motor Spirit, PMS, also known as petrol, at N212.61 per litre, for the month of March on Thursday. [ALSO
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Refineries’ rehab, oil search, pipeline, others gulp N21bn — NAPIMS

By Udeme Akpan The National Petroleum Investment Management Services, NAPIMS, a subsidiary of the Nigerian National Petroleum Corporation, NNPC, invested N21.47 billion to rehabilitate the nation’s refineries, the Nigeria-Morocco gas pipeline and oil search in the frontier basins, among others in January 2021. In its February 2020 presentation to the Federation Account Allocation Committee, FAAC,
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Fiscal framework will enhance gas development — NNPC GMD

The Nigerian National Petroleum Corporation (NNPC) has called for a legislative framework with clear fiscal terms in order to tap the full potential of the gas resources in the nation’s deepwater acreages. The Group Managing Director of NNPC, Mallam Mele Kyari, made the call at a one-day public hearing on “Inclusion of Gas Terms in
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Tanker Explosion: How Firefighters Battled Inferno In Pictures

  A petrol-laden tanker on Saturday morning exploded at the retail station of the Nigerian National Petroleum Corporation (NNPC) along the Alagbole-Akute Road in Ogun State. Witnesses said the fire started at about 6:45am while the firefighters were immediately contacted, and they arrived at the scene at about 7:23am. No injury or death was recorded … Continue reading Tanker Explosion: How Firefighters Battled Inferno In Pictures Read Full Story

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Business

Senate tackles NNPC over N443bn payment without approval

Sunday Aborisade, Abuja Senate Public Accounts Committee on Wednesday berated the Nigerian National Petroleum Corporation for paying N443bn without the National Assembly’s appropriation. The chairman of the committee, Senator Mathew Urhoghide, has summoned the management of the NNPC to explain the expenditure it made without budgetary provision. The committee took the decision based on the […] Read Full Story

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News

Senate chides NNPC over N443bn subsidy payment

Sunday Aborisade, Abuja Senate Public Accounts Committee, on Wednesday, berated the Nigerian National Petroleum Corporation for paying N443bn without the National Assembly’s appropriation. The Chairman of the Committee, Senator Mathew Urhoghide, has summoned the management of the NNPC to explain the expenditure it made without budgetary provision. The Committee took the decision based on the […] Read Full Story