Tag: NNPC
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We need $10 billion to build new refinery in Nigeria – NNPC
The Nigerian National Petroleum Corporation (NNPC) has said a whopping $10 billion is needed to build a new refinery in the country, far beyond the $1.5 billion earmarked for the rehabilitation of the Port Harcourt refinery. TheNewsGuru.com (TNG) reports Mele Kyari, NNPC Group Managing Director, disclosed this on Monday in Abuja while engaging newsmen on…
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NNPC defends decision to spend $1.5bn to rehabilitate Port Harcourt refinery
The Nigerian National Petroleum Corporation (NNPC) yesterday vigorously defended the approval of a whopping $1.5 billion for the rehabilitation of the Port Harcourt refinery, maintaining that apart from following due process, building a new refinery in the class of the one in Rivers will cost the federal government between $7 billion and $12 billion. Group…
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Nigeria doesn’t have resources to build new refineries – Kyari
The Nigerian National Petroleum Corporation (NNPC) has said that the country does not have the financial muscle now to build a new refinery going by the economic situation of the country. Mele Kyari, NNPC Group Managing Director, disclosed this on Monday in Abuja while engaging newsmen on issues emanating from the proposed rehabilitation of the…
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Fix corruption in petrol importation, distribution, OrderPaper tells FG
Amidst flip-flopping position of the federal government on the petrol pricing and attendant negative hit on citizens, OrderPaper Advocacy Initiative has called on the authorities to fix corruption and general inefficiencies in the distribution chain. A statement by Oke Epia, Executive Director of OrderPaper on Saturday said the government has been shirking its responsibilities in…
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No hike in petrol price for now – Marketers
Major Oil Marketers Association of Nigeria (MOMAN) and Independent Petroleum Marketers Association of Nigeria (IPMAN) say there is no hike in the pump price of Premium Motor Spirit (PMS) or petrol. The groups confirmed the development in separate interviews on Friday in Lagos while reacting to reports that the price of PMS has been increased…
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We’ve not increased ex-depot price of petrol – NNPC
The Nigerian National Petroleum Corporations (NNPC) says it has not increased the Ex-depot price of Premium Motor Spirit (PMS) also known as petrol. The Group General Manager, Group Public Affairs Division of the Corporation, Dr Kennie Obateru, disclosed this while addressing newsmen in Abuja on Friday. Ex-deport price is the price at which oil marketers…
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#TNGPIBConfab: Dakuku reveals key factors needed to fully unlock potentials of PIB in Nigeria
The immediate past director-general of Nigerian Maritime Administration and Safety Agency, NIMASA, Dr. Dakuku Peterside has listed two key factors needed to be accommodated in the Petroleum Industry Bill (PIB) to fully unlock gains of the petroleum sector in Nigeria. Dakuku who made the revelations yesterday at a one day colloquium organised by TheNewsGuru (TNG),…
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Fuel: NNPC cautions against panic buying, says no plans to hike price in March
The Nigerian National Petroleum Corporation (NNPC) has advised motorists to stop panic buying of Premium Motor Spirit (PMS) also known as petrol saying it has no plan to increase the ex-depot price in March. NNPC disclosed in a statement by its spokesman, Dr Kennie Obateru, in Abuja on Sunday. TheNewsGuru.com, TNG reports that ex-depot price…
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Unlawful barricade: Court orders NNPC to pay N10.6m to veteran journalist
The Federal High Court, Abuja on Monday, ordered the Nigerian National Petroleum Corporation (NNPC) to pay N10.6 million to veteran journalist, Geoffrey Anika, as damages against unlawfully blocking the highway. The blockage was said to have caused a ghastly motor accident involving Anika in 2012. Anika, is currently a traditional ruler in Atta Kingdom in…
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No Increase in Fuel Price in February – NNPC
The Nigerian National Petroleum Corporation (NNPC) has ruled out any increment in the ex-depot price of Premium Motor Spirit (petrol) in February, 2021. This was disclosed in a press release by the Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru. The statement explained that the decision was to allow ongoing engagements with organized…