Tag: NNPC Limited
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NNPC makes fresh delivery of crude oil to Dangote Refinery
The Nigerian National Petroleum Company (NNPC) Limited has disclosed it would be supplying a total of 17.6 million barrels of crude oil to Dangote Refinery between September and October 2024 as part of the federal government’s push to drive local production of petroleum products.
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NNPC: From monopoly to monopsony – By Etim Etim
Very few business organizations are as lucky as NNPCL, Nigeria’s state-owned oil company, founded over 50 years ago. Since its founding, the corporation has consistently failed to perform its basic functions and meet its organizational objectives; and rather than being liquidated or put up for sale for these failures, NNPC routinely undergoes some form of…
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JUST IN: NNPC opens up on when Dangote petrol will be available
The Nigerian National Petroleum Company (NNPC) Limited has disclosed that it is awaiting the timeline provided by Dangote Refinery to make its petrol available for Nigerians.
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“I’m loyal, sir” – By Pius Mordi
These are unusual times for Nigerians. Having been reduced to the nadir of multi-dimensional poverty, the government now holds the key to healthy living. It no longer matters if there is paid employment or a thriving business. Its either you are an elected official in the legislative arm or angle for an appointment by the…
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Why NNPCL’s decision to lease instead of sell refineries spells doom – By Magnus Onyibe
For a long time, I have advocated for the federal government to privatize the oil and gas sector, which has been tightly controlled since oil was first discovered in commercial quantities in 1956 in Oloibiri, now in Bayelsa State. I reiterated this point in my column last Tuesday, August 27th, in an article titled “Understanding…
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Motorists, commuters, traders react over new price of petrol
The Nigerian National Petroleum Company Ltd. (NNPCL) has increased the price of petrol from N585 to between N855 and N890 per litre. Correspondents, who monitored the situation in Lagos metropolis, observed that in the midst of ongoing fuel shortages and crises, marketers swiftly updated their pump prices to reflect the new rates.
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Fuel price hike: NANS announces nationwide protest, September 15
Following the new pump price announced by the Nigerian National Petroleum Company (NNPC), the National Association of Nigerian Students (NANS) has announced a nationwide protest, slated for September 15, 2024, across major cities in Nigeria.
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FG denies asking NNPC to hike price of petrol to N1000 per litre
Senator Heineken Lokpobiri, Minister of State Petroleum Resources (Oil) has said that no directive was issued to the Nigerian National Petroleum Company (NNPC) Limited to increase petroleum prices to N1,000.
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BREAKING: Our petrol will be out in filling stations in next 48 hours – Aliko Dangote
Founder, Chairman and Chief Executive Officer (CEO) of Dangote Group, Aliko Dangote has disclosed that petrol from the Dangote Refinery will be out in filling stations across the country in the next 48 hours.
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Fuel scarcity: What we expect from FG – Experts
Some experts in the oil and gas sector have spoken on their expectations from the federal government as the prevailing fuel scarcity has refused to yield to any intervention and also in the light of the recent announcement by the NNPC.