NNPC
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News
Daily petrol sales falling in Lagos after subsidy removal
The volume of average daily sales at petrol stations across Lagos is dropping as Nigerians buy less fuel than they bought before last week’s price adjustment, according to investigations by BusinessDay. Visit to more than 10 large petrol stations in Lagos show that sale is down by as much as…
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News
Private firms in Nigeria can start importing fuel as early as June 2023 – Mele Kyari
Private firms in Nigeria can begin importing fuel from June 2023, as the Nigerian National Petroleum Company Limited (NNPCL) transitions from crude oil swap contracts to cash payments for fuel imports. Mele Kyari, the Group Chief Executive Officer of NNPCL, announced the change during an interview with Reuters on June…
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News
Only 10% to 15% of Nigerians are benefitting from fuel subsidy – Mele Kyari
Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited has said that 10 to 15% of Nigerians are the only people benefitting from the fuel subsidy regime. He said this during an interview on Channels Television on Thursday night. According to him, many Nigerians do…
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News
NNPC Confirms Upward Price Review As Fuel Hits N540 Per Litre
The Nigerian National Petroleum Corporation Limited (NNPCL) has confirmed an upward review of pump price of petrol. Garba Deen Muhammad, Chief Corporate Communications Officer, NNPC Ltd, confirmed this in a statement on Wednesday afternoon. “NNPC Limited wishes to inform our esteemed customers that we have adjusted our pump prices of…
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News
NNPCL Begins Oil Supply To Dangote Refinery Next Week
Nigerian National Petroleum Company Limited (NNPCL) is preparing to supply 300,000 barrels of crude oil per day to the Dangote Refinery, which is set to open next week. Mele Kyari, Group Chief Executive Officer of NNPCL, announced this on Thursday. Kyari highlighted the NNPCL’s readiness to meet its crude supply…
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Business
NNPC responsible for the fall of naira – CBN says
Non-remittance of dollars to foreign reserves by the Nigeria National Petroleum Corporation (NNPC) is responsible for naira’s free fall in the official and parallel markets, the Central Bank of Nigeria (CBN) has said. As at the close of work yesterday, the naira traded for N700/$1 at the parallel market and…
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Metro
Fuel scarcity: NNPC begins 24-hour operations, urges Nigerians to calm down
The Nigerian National Petroleum Company says it has started 24-hour operations in NNPC depots and retail outlets, to restore normal supply and distribution of Premium Motor Spirit (PMS) across the country.
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Metro
2 killed as Dangote, NNPC trucks collide
The fatal crash occurred on Sunday.
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Business
Reps summon Amaechi, Kyari over NNPC shipping contract
The summon followed NNPC's decision to award the contract to a foreign company.
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News
Diezani cornered $300,000 per NNPC contract to fund Jonathan’s 2015 election — FBI
Former Nigerian oil minister Diezani Alison-Madueke implemented a shakedown scheme that required NNPC contractors to pay $300,000 per month as bribes for oil deals to support then-President Goodluck Jonathan’s fated reelection bid. The Federal Bureau of Investigation said in court documents filed in the United States that Mrs Alison-Madueke accepted…