Tag: NNPC
Senate probes Shell over JV, orders refund of $200m to FG
The Shell Petroleum Development Company (SPDC) is facing fresh probe over non-compliance with the Petroleum Act and violation of Joint Venture Agreement entered with...
Fuel scarcity: FG warns against panic buying, insists on N165 pump...
Federal Government says the fixed pump price of Premium Motor Spirit (PMS), otherwise known as petrol, remains N165 per litre as stipulated in the...
FEC approves N169.7bn for 4 roads via Tax Credit Scheme
The Federal Executive Council (FEC) has approved N169.7 billion for the reconstruction of four roads under the tax credit scheme.
Minister of Works and Housing,...
N500bn claims: Marketers warn of imminent worst fuel scarcity
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has warned of imminent worst fuel scarcity in the country as the Nigerian Midstream and Downstream...
Airlines to get 6m litres of aviation fuel at N480
The House of Representatives on Monday mandated the NNPC and the CBN to nip the planned strike by airline operators in the bud.
It ruled...
NNPC: Why fuel queues return to Abuja
The Nigerian National Petroleum Corporation (NNPC) has said that low loadouts at depots are likely responsible for the fuel queues at petrol stations in...
Fuel scarcity: Long queues resurface in Abuja
Most filling stations in the Federal Capital Territory (FCT), Abuja have been shut down following scarcity of Premium Motor Spirit (PMS), popularly known as...
OPEC raises Nigeria’s production quota to 1.772mbpd for June
The Organisation of the Petroleum Exporting Countries (OPEC) has raised Nigeria’s oil production quota from the 1.735 million barrels per day (mbpd) target approved...
NNPC, FIRS, DPR, MMSD generated N28.02trn in 3 years – NEITI
Four Federal Government agencies have generated a total of N28.02 trillion between 2017 and 2019, the Nigeria Extractive Industries Transparency Initiative (NEITI) report has...
Casual workers ground activities at Warri Refinery
Hundreds of casual workers at the Warri Refining and Petrochemical Company (WRPC) grounded activities at the facility on Thursday over the company’s failure to...
