Court Acquits Ex-PPMC MD Haruna Momoh’s Wife – Ochuko Of N3bn Fraud   A Federal High Court in Abuja has discharged and acquitted Ochuko Momoh, wife of a former Managing Director of Pipelines and Products Marketing Company, Haruna Momoh, of a N3bn fraud Economic Confidential reports that...

Petrol Subsidy May Rise To N3trn In One Year – NNPC subsidiary     The Petroleum Products Marketing Company, a subsidiary of the Nigerian National Petroleum Corporation, has said the annual subsidy on Premium Motor Spirit (petrol) will rise to N3tn if the current market realities persist. The...

How We Created Opportunities Out Of Year 2020 Challenges — NNPC         The year 2020 is a year like no other. A year that threw up a health challenge which brought the whole world to its knees. The coronavirus pandemic precipitated the lockdown of social and economic...

Fed Govt Reduces Price Of Petrol To N162.44 Per Litre         The Federal Government has reduced the pump price of premium motor spirit otherwise know as petrol from N168 per litre to N162.44 per litre effective from December 14, 2020. Minister of Labour and Employment, Chris Ngige...

NNPC Petrol Sales Revenue Drops Despite Price Hike       The volume of petrol sold by the Petroleum Products Marketing Company, a subsidiary of the Nigerian National Petroleum Corporation, dropped in the first two consecutive months of price hike, latest data from the NNPC have shown. The PPMC...

Forex Scarcity Bars Marketers From Petrol Imports       Despite the deregulation of the downstream oil sector by the Federal Government, private marketers are still tied to the Nigerian National Petroleum Corporation’s apron strings as they continue to steer clear of petrol importation, ’FEMI ASU reports The expected...