Fuel Scarcity: NNPCL Warns Against Panic Buying There was a disagreement between oil marketers and the Nigerian National Petroleum Company Limited on Thursday over the supply of Premium Motor Spirit, popularly called petrol, as queues by motorists for the commodity in filling stations grew worse. Dealers...

FG Loses $3.89bn to Crude Oil Underproduction in Q3 - Report Nigeria's total losses from underproduction of crude oil rise to an estimated $3.89 billion in the third quarter of 2023, despite marginal gains in crude oil production in September, according to industry data analysis. This...

FG Denies Paying Fuel Subsidy, to Export PMS in 2024 The Federal Government has denied reintroducing the subsidy on Premium Motor Spirit, popularly called petrol. It also said the pockets of queues observed by motorists in petrol stations across the country stemmed from hiccups in product...

Only 40m Out of 200m Nigerians Pay Tax – RMAFC   Chairman, Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Mohammed Bello Shehu, has revealed that only 40 million out of over 200 million Nigerians currently pay taxes to the nation’s coffers. Speaking with Economic Confidential, Shehu said that...

NNPC, IOCs, Others Sign MoU To Reduce Contracting Cycle The Nigerian Content Development and Monitoring Board (NCDMB) has signed a Memorandum of Understanding (MoU) cum Service Level Agreement (SLA) with the Nigerian National Petroleum Company Ltd (NNPCL) and five international oil-producing companies to optimise the...

NNPCL Sends Management Staff on Immediate Retirement The Nigerian National Petroleum Company Limited has compulsorily retired all management staff with less than 15 months to statutory retirement. In an early Tuesday morning announcement, the company declared that the retirement of the affected workers was with immediate...