Why we pay ‘subsidy’ without National Assembly’s permission – NNPC

The Nigeria National Petroleum Corporation, NNPC, has explained why it pays ‘subsidy’ on petrol without appropriation from the National Assembly. Managing Director of the Petroleum...

NNPC, NIMASA, Maritime Stakeholders Weigh Crude Oil Export Regime Options

A high-powered meeting of stakeholders in the maritime industry has been convened to generate ideas on how best to export Nigerian crude oil to...

Crude oil price jumps to $70

The price of brent crude oil rose to 70 dollars a barrel on Monday, supported by ongoing output cuts led by OPEC and Russia,...

Europe the Biggest Buyer as 254 bid for Nigerian crude

A total of 254 indigenous and foreign owned entities have submitted bids for the sale and purchase of the Federal Government equity crude under...

Scarcity: NUPENG demands fixing of nation’s refineries

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) on Monday called for the rehabilitation of the nation’s refineries to end the recurring...

Ex-CBN director urges FG to repair refineries

Titus Okunronmu, a former Director, Budgetary Department, Central Bank of Nigeria (CBN), on Monday, advised the Federal Government to repair all the four refineries...
Maikanti Kacalla Baru

 148, 533 Million Litres Of PMS Diverted During Crisis, Says Baru.

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, said that about 148,533000 million litres of fuel was diverted to during...

IPMAN advocates investment in modular refineries

The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Tuesday, urged the Federal Government to invest more in modular refineries as a way to...

NNPC distributes over 1.3 billion fuel liters, 252 billion Gas cubic

The Nigerian National Petroleum Corporation (NNPC) through its Downstream subsidiary, the Petroleum Products Marketing Company (PPMC), sold and distributed a total of 1.352.86 billion...
Yemi Osinbajo

10 modular refineries getting ready – Osinbajo

Vice President Yemi Osinbajo has confirmed that 10 modular refineries were at advanced stages of development in the Niger Delta. According to his Special Assistant...