Petrol Price Should Be More Than N280/litre - Kyari       The Group Managing Director of the Nigerian National Petroleum Corporation, Mallam Mele Kyari, has said the price of petrol should be more than N280/litre at which Automotive Gas Oil, also known as diesel, is being sold. Kyari...

NNPC Chief Reacts To Alleged Fraudulent Dealing In Equity Participation Of Dangote Refinery         Mr Mustapha Yakubu, Chief Operating Officer, Refineries & Petrochemicals, NNPC, says there is no fraudulent dealing in NNPC’s planned equity participation in Dangote Oil Refining Company (DORC). Yakubu made the declaration on Monday...

Buhari Authorizes NNPC To Acquire 20% Stake In Oil Refineries     As part of steps to attract investment, President Muhammadu Buhari has authorized the Nigerian national Petroleum Corporation (NNPC) to acquire 20 per cent stake in any private oil refinery producing at least 50,000 barrels per...

NNPC, NEITI Deepen Efforts to Unravel Oil, Gas Assets Owners       The Nigerian National Petroleum Corporation (NNPC) and the Nigeria Extractive Industries Transparency Initiative (NEITI) have vowed to ramp up efforts at unravelling actual owners of the country’s oil and gas assets as well as ensuring...

Petrol Landing Cost Now N232 As Subsidy Rises To N5.58bn Daily     The landing cost of Premium Motor Spirit being imported into Nigeria surged by more than 60 per cent between December 2020 and mid-June this year, although the pump price of the product remained unchanged. From...

IPMAN Supports NNPC Centralised Online Payment Policy       The Independent Petroleum Marketers Association of Nigeria says it supports the new centralisation policy of online payment for products by the Nigerian National Petroleum Corporation. In a statement issued on Tuesday by the association’s Public Relations Officer, Yakubu Suleiman,...