A coalition of Northern Youths have said that insecurity doesn’t respect tribe or religion, endorsing the award of pipeline security contract to ex-Niger Delta militant, Government Ekpemupolo, popularly known as Tompolo, by the Nigerian National Petroleum Company (NNPC Ltd). According to the Northern Youths, they were in support of the …
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The Nigeria Liquefied Natural Gas Limited (NLNG), one of the companies undertaking the construction of roads under the Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme, received its Tax Credit Certificate from the Federal Inland Revenue Service (FIRS), for the construction of the Bonny – Bodo Road, in Rivers …
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The Nigerian National Petroleum Company Limited (NNPC Ltd.) on Friday launched ‘Crude Theft Monitoring Applications’ to curb oil theft and pipeline vandalism. The News Agency of Nigeria (NAN) reports that the launch held in Abuja on the sideline of the signing of renewed Production Sharing Contracts (PSCs) agreements between NNPC and …
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The minister of Finance, Budget and National Planning, Zainab Ahmed, has said that the Nigerian National Petroleum Corporation (NNPC) that was formally transited to a private limited company by President Muhammadu Buhari this week, has not been privatized. Group Managing Director of NNPC Limited, Mele Kyari, had announced that NNPC …
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THE subsidy on Premium Motor Spirit, popularly called petrol, between January and March 2022 has risen to N675.93bn, the latest data obtained from the Nigerian National Petroleum Company Limited on Wednesday showed. Also, the NNPC has informed the Federation Account Allocation Committee that it will deduct or recover N671.88bn from …
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The House of Representatives, on Thursday, has said nobody will be sanctioned for the supply of adulterated Premium Motor Spirit, otherwise known as petrol, which caused a major crisis in Nigeria’s fuel chain and untold hardships on Nigerians. At the plenary on Thursday, the House considered and adopted the reviewed …
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The Nigerian National Petroleum Company Limited is to deduct N242.53bn as subsidy on Premium Motor Spirit, popularly called petrol, from the Federation Account this month. Although it described the proposed subsidy deduction as a value shortfall, the oil firm stated that the fund would be recovered from February 2022 proceeds …
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Northern youths under the aegis of the Arewa Youth Alliance for Development, on Monday, expressed concern over the lingering fuel scarcity in the country. The youth noted that the scarcity, which started manifesting following the alleged importation of fuel with methanol above the national threshold, had led to the resurgence …
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The Office of the Auditor-General for the Federation has said the defunct Nigerian National Petroleum Corporation, now Nigerian National Petroleum Company Limited, has failed to account for about 107,239,436 barrels of crude oil lifted for domestic consumption in 2019. The office made the allegation in its 2019 audit report presently …
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The Nigerian National Petroleum Company Limited on Wednesday explained that one of the key reasons modular refineries in Nigeria were not producing Premium Motor Spirit, popularly called petrol, was because of the regulated pump price of PMS by government. A modular refinery is a simplified refinery requiring significantly less capital investment …
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