Tag: NNPC
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NEITI report: Reps committee invites NNPC, NDDC, others for investigation
The House of Representatives ad-hoc Committee on the recovery of outstanding debts owned by the Federal Government Oil and Gas companies in Nigeria, has invited the Nigeria National Petroleum Corporation (NNPC) and many others for investigation. Others invited include the Niger Delta Development Commission (NDDC), Federal Inland Revenue (FIRS), Upstream Regulatory Commission,
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Buhari endorses plan to end fuel scarcity in Nigeria
President Muhammadu Buhari has endorsed a plan to conclusively end the fuel scarcity in the country, a presidency official has said. The official, who disclosed this on Sunday in Abuja, said the plan would ensure that incidence of fuel scarcity does not occur again.
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Fuel in Nigeria now will last 32 days – Sylva
At least, for 32 days, Nigerians do not need to worry about fuel, as 1.9 billion litres of petrol is now in stock.
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Investigation: Real reasons for protracted fuel scarcity and economic implications
TNG’s investigation has revealed that the latest fuel scarcity which was initially thought to be caused by the importation of off-spec gasoline and then panic buying, is now being sustained by a raise in the ex-depot rate from the official N148.77 per litre, to as much as N185 by some private depot owners due to…
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Fuel Scarcity: Minister pushes to overcome supply disruption
The Minister of State, Petroleum Resources, Chief Timipre Sylva, says the Federal Government and regulatory authorities are making efforts to address fuel scarcity by ensuring that supply disruption is overcome. The minister made this known to newsmen on Thursday in Abuja after a meeting with some key leaders in the petroleum industry.
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Governors decry NNPC zero contribution to federation account
The Nigeria Governors Forum (NGF) has decried the zero contribution of the Nigerian National Petroleum Company (NNPC) Ltd. to the Federation Account in recent months.
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Petrol scarcity: NNPC begins loading at depots to clear queues
T he Nigeria National Petroleum Corporation Ltd. (NNPC) has commenced loading of trucks at all depots to clear current scarcity experienced across the country. It added that there was availability of 1.7 billion litres of petrol currently in stock.
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Kyari explains why IOCs are withdrawing investments from Nigeria
Group Managing Director of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, has said that major oil companies are leaving the country to places where they contribute to the journey towards carbon net-zero commitment. Kyari made this known on Monday while delivering his welcome speech at the 2022 Nigerian International Energy Summit (NIES2022) themed:…
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Adulterated fuel: Our imported product meet specifications- Duke Oil, Oando Plc
Two oil companies, Duke Oil and Oando Plc have stated that their imported fuel met Nigerian specifications, repudiating responsibility in the importation of the adulterated fuel that hit the country. This was stated when the companies appeared before the House of Representatives Committee on Petroleum Resources (Downstream) investigating circumstances surrounding the importation of toxic fuel…
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Bad petrol: Won’t Buhari, Sylva, NNPC MD resign? – By Mideno Bayagbon
I understand if your first reaction after reading the above headline is to wonder: President Buhari should resign? But Why? Chief Timipre Sylva, Minister of State, Petroleum, should too? And the Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari? Wetin dem do? Why should they resign? You may further ask.