Maikanti Kacalla Baru

NNPC owes Petrol marketers N800b

The Nigerian National Petroleum Corporation, NNPC is owing the Depot and Petroleum Products Marketers Association (DAPPMA) N600billion. Executive Secretary of the association, Mr Olufemi Adewole,...

42 Firms Bid for Rehabilitation of NNPC ITD Centers

No fewer than 42 firms have bided for the rehabilitation of the six Nigerian National Petroleum Corporation (NNPC) Information Technology Division (ITD) Centres. The eventual...

Oil price hits $67, highest in over two years

Oil prices have touched two-and-a-half year highs in light volume boosted by an explosion on a crude pipeline in Libya and voluntary OPEC-led supply...

RSG, Shell Nigeria sign MoU on gas supply

The Rivers Government and Shell Nigeria Gas (SNG) have signed a Memorandum of Understanding (MoU) for the distribution of gas to industries in the...

Osinbajo: NNPC not FG bears the cost of fuel subsidy

Vice President Yemi Osinbajo clarified today that the NNPC and not the Federal Government pays for the  fuel subsidy that has emerged with the...

Petrol scarcity: Massive loading of petrol in depots now-NUPENG

Tayo Aboyeji, the South-West Chairman of Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), on Monday confirmed that massive loading of petrol was...

NNPC siad it has more than doubles fuel supply amid run on petrol

NNPC said on Thursday it has more than doubled the daily supply of fuel for motorists to 80 million litres, amid a run on...

IPMAN warns against storing petrol at home

Alhaji Popoola Ogundoyin, the Group Chairman, Osun State Independent Petroleum Marketers of Nigeria (IPMAN), has warned the masses against storing petrol at home. Ogundoyin gave...

FG orders arrest of marketers who hoard petrol

The Federal Government has ordered security agencies to arrest petroleum marketers who purposely hoard products to create the artificial scarcity currently being experienced. This is...

Nigeria’s rush for petrol could save Europe’s sagging margins

Nigeria’s rush to keep its citizens supplied with fuel is expected to boost purchases of European gasoline in December, offering a potential respite to...