Tag: NNPC Limited
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Fuel scarcity: Issues behind looming petrol price hike
On Sunday, 1st of September 2024, the Nigerian National Petroleum Company (NNPC) Limited prepared Nigerians for sleepless nights after releasing a terse statement conceding financial constraints, and as a result, cannot guarantee sustainable fuel supply across the country.
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Petrol importation scam must be investigated – Falana
Human rights lawyer Femi Falana has said the “importation scam” around petrol must be investigated. Falana made his statement on Channels Television’s Sunday Politics programme.
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BREAKING: Fuel price hike looms as NNPC admits financial strain
The Nigerian National Petroleum Company (NNPC) Limited has admitted to facing financial strain due to the cost of supplying Premium Motor Spirit (PMS), popularly known as fuel or petrol.
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Atiku demands immediate listing of NNPC on stock exchange
Former Vice President of Nigeria Atiku Abubakar has demanded the immediate listing of the Nigerian National Petroleum Corporation Limited (NNPCL) on the stock exchange in line with the Petroleum Industry Act.
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NNPC Limited’s new nomenclature for subsidy – By Pius Mordi
When Muhammadu Buhari became president in 2015 he told Nigerians that subsidy for which Goodluck Jonathan was vilified when he sought a marginal increase in petrol pump price had been removed and effected a significant price increase, it did not take long before it emerged that subsidy was still being paid. No, its not subsidy.…
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Return of fuel subsidy: FG instructs NNPC not to sell petrol beyond regulated price
Nevertheless, what is obvious is that the Nigerian government is not selling petrol at the real market price determined by the landing cost. Whether it is “under recovery” as captured by the financial statements released by the NNPC Limited or “importation shortfall” as disclosed by Alhaji Ajiya, the government is yet subsidising the price of…
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NNPC releases 2023 Audited Financial Statement
The NNPC Limited has released its 2023 Audited Financial Statement (AFS), declaring a net profit of N3.297 trillion at the close of the financial year which ended in December 2023, an increase of over N700 billion (28%) when compared to the 2022 profit of N2.548 trillion.
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It is not subsidy, it is importation shortfall – NNPCL opens up
The Nigerian National Petroleum Company Limited (NNPC Limited) has disclosed it has not paid fuel subsidy to anybody in the last nine months.
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BREAKING: NNPC Limited declares highest profit since inception
The Nigerian National Petroleum Company Limited (NNPC Limited) has declared N3.3 trillion profit for the 2023 financial year.
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NNPC career website breaks down after announcing recruitment
Shortly after announcing its recruitment exercise on Friday, the career website of the Nigerian National Petroleum Company (NNPC) Limited has broken down.