Dangote Refinery Begins Fuel Distribution Tomorrow – FG
The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, says the Dangote Refinery will begin the distribution of Premium Motor Spirit (PMS) on Sunday.
Edun, who was represented by the Executive Chairman, Federal Inland...
NNPC: Transparency and Open Communication Imperative
By Umar Farouk Bala
After months of denying responsibility, the Nigerian National Petroleum Company (NNPC) finally acknowledged that it had accumulated significant debts to its international fuel suppliers amidst prolonged petrol shortages and skyrocketing prices of Premium Motor Spirit (PMS).
The...
Setting the Record Straight: NNPC Ltd and the Oil Sector's Real Challenges
By Olufemi Soneye
In the face of the challenges in the oil sector, particularly the current tightness in the supply of petrol, it has become fashionable to blame the national oil company, the Nigerian...
NSA Applauds CGC Adeniyi's Efforts to Intensify Security Presence in Border AreasÂ
...As High-Level Petroleum Stakeholders Gather at ONSA Office, Abuja
The National Security Adviser (NSA), Nuhu Ribadu, has commended the Comptroller-General of the Nigeria Customs Service (NCS), Adewale Adeniyi, for his commitment to tightening surveillance...
Nigeria’s Daily Petrol Consumption Surges to 50m Litres Amid Scarcity
The average volume of petrol consumed in Nigeria has risen to 50 million litres per day, up from about 46.38 million litres in July 2023, two months after subsidy was removed by the current administration.
The...
Assets Conversion: NNPCL, Chevron Target 165,000 bpd by December
In line with the Petroleum Industry Act (PIA) 2021 provisions of transiting assets from the Petroleum Profit Tax (PPT) into PIA terms, the NNPC Ltd. and its Joint Venture (JV) partner, Chevron Nigeria Ltd (CNL), have...
