A massive fire outbreak has been reported at the NNPC Mega Station on Bank Road in Jimeta, located in Yola North Local Government Area of Adamawa State. Newsextra24 gathered the incident happened on Thursday night.
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Nigeria Requires $15bn To Strengthen Existing Gas Infrastructure – Mele Kyari
THE Nigerian National Petroleum Company Limited (NNPC) said that Nigeria would need between $10 billion and $15 billion in the next two to three years to ramp up its existing gas infrastructure. The Group Chief Executive Officer of the NNPC, Mele Kyari, gave the estimate at the 2024 edition of …
Read More »Nigeria Requires $15bn To Strengthen Existing Gas Infrastructure – Mele Kyari
THE Nigerian National Petroleum Company Limited (NNPC) said that Nigeria would need between $10 billion and $15 billion in the next two to three years to ramp up its existing gas infrastructure. The Group Chief Executive Officer of the NNPC, Mele Kyari, gave the estimate at the 2024 edition of …
Read More »NNPCL Gives Details On $3.3bn Loan From Afriximbank
FOLLOWING the mounting concerns on the $3.3 billion loan secured for the Nigerian Government by the Nigerian National Petroleum Company Limited, the firm has given more detail on the debt. Newsextra24 reports that the Government received $2.25 billion from the $3.3 billion. Giving further details on the facility, the Nigerian …
Read More »Former NNPC GMD, Thomas John Is Dead
THE Nigerian National Petroleum Company Limited, (NNPC), on Thursday, announced the death of a former Group Managing Director, GMD, and Acting Alternate Chairman of the Board of the defunct Nigerian National Petroleum Corporation, Thomas Maurice Asuquo John. Newsextra24 learnt that John died at the age of 84. NNPC extended the company’s …
Read More »BREAKING: Fire Guts NNPC Filling Station In Iseyin, Oyo [PHOTOS]
RESIDENTS of Iseyin in Oyo State are currently gripped by palpable fear due to a fire outbreak at one of the stations of the Nigerian National Petroleum Corporation (NNPC). Newsextra24 gathered that the petroleum station, located at Agip area of Iseyin, caught fire around 2 p.m., causing panic among the …
Read More »ASUU, VCs Oppose FG’s 40% IGR Deduction Plan For Universities
THE Academic Staff Union of Universities (ASUU) and the Committee of Vice Chancellors of Nigerian Universities have strongly criticised the FG’s 40% IGR deduction plan, labelling it detrimental to the university system. In a letter dated October 17, 2023, titled ‘Implementation of 40% automatic deduction from internally generated revenue of …
Read More »Fuel Queues Return, As Marketers Stop Importation, Depots Run Dry
REPORTS have emerged that fuel queues have returned to some parts of Lagos State as oil marketers have stopped the importation of Premium Motor Spirit, popularly called petrol. Trojan News Media understands that seven oil marketers reportedly imported petrol about a month ago but have stopped because of the forex crisis. It …
Read More »NNPCL Reacts Over Alleged Plan To increase Petrol Pump Prices
THE Nigerian National Petroleum Company, NNPC Limited has reacted to speculations that it is nursing a plan to increase its pump prices. Reports earlier emerged that the landing cost of the Premium Motor Spirit, popularly called petrol, jumped from N651/litre to N720/litre. This fueled speculations that the pump price of …
Read More »Pressure On Petrol, Diesel Prices As Crude Hits $97.17
THERE are indications that pressures are mounting on the pump price of petrol as the landing cost has risen by 19.3 per cent to N596.93 per litre as of yesterday, from about N500 per litre in July 2023, when the last pump price adjustment was effected across all retail outlets …
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