Nigeria’s Minister of State for Petroleum Resources, Chief Timipre Sylva, on Tuesday, disclosed that up to 62 percent of Nigerians lack access to electricity and another 90 percent lack access to modern cooking gas. The Minister who reeled out these statistics while speaking at the NOG Conference holding in Abuja, however, noted that the Federal […]
The Nigerian National Petroleum Company (NNPC) Limited, has raised an alarm that over 200 illegal refineries are operating across the country, with no government-owned refinery working at the moment. Group Managing Director (GMD) of NNPC, Mele Kyari raised this alarm when he appeared before the House of Representatives Joint Committee on Petroleum Resources (Downstream), investigating […]
Former Group Managing Director of the Nigeria National Petroleum Corporation (NNPC), Andrew Yakubu, on Thursday, was cleared of $9.8m money laundering charges by Justice Ahmed Mohamed of the Federal High Court in Abuja. Delivering Judgement, the trial Judge said the prosecution EFCC had failed to prove its case beyond a reasonable doubt to result in […]
An Ikeja High Court, on Thursday, sentenced two oil marketers, Omoniyi Epebinu and Adekanbi Adedayo, to seven years imprisonment for defrauding a man of N3 million for Nigerian National Petroleum Corporation (NNPC) contract. The convicts’ companies, Pure Pack Oil Nigeria Ltd. and First Hallmark Energy Ltd., were also fined N100,000 each, having been found guilty of […]
By Celestine Ajayi The Nigerian National Petroleum Corporation Ltd (NNPC) on Wednesday sealed a deal with partners on gas aggregation to increase local production of fertiliser in the country. The Gas Aggregation Agreement was signed in Abuja on the sideline of the ongoing fifth Nigeria International Energy Summit (NIES 2022) with the theme “Revitalising the […]
The Nigeria National Petroleum Corporation Ltd. (NNPC) has commenced loading of trucks at all depots to clear current scarcity experienced across the country. It added that there was availability of 1.7 billion litres of petrol currently in stock. The NNPC, Group Managing Director, Malam Mele Kyari, made this known to journalists in Abuja on Wednesday […]
By Babajide Okeowo The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Limited Mele Kyari has disclosed that the current fuel scarcity being experienced in the country will disappear within the next one week but was quick to add that distribution will however play a major role in easing the scarcity. Kyari spoke […]
By Babajide Okeowo The Group Managing Director of the NNPC Limited Mele Kyari has apologized to Nigerians over the importation of toxic fuel, which caused the current scarcity of Premium Motor Spirit (PMS) across major cities in the country. Kyari, who appeared before the House of Representatives Committee on Petroleum Resources Downstream investigating the importation […]
By Babajide Okeowo The NNPC says it has started running 24-hour operations at its depots and fuel stations to bridge the gap in the supply chain.In a bid to restore the normal supply of petrol across the country, the Nigerian National Petroleum Corporation Ltd (NNPC) said it has over 1 billion litres of safe Premium […]
By Babajide Okeowo The federal executive council (FEC) says it has received a bill of N3 trillion from the Nigerian National Petroleum Corporation (NNPC) as payment for petrol subsidy in 2022. This is coming after the federal government proposed an 18-month extension for the implementation of the petroleum industry law to cater for subsidy shortfall. Minister of […]
