Tag: NNPCL
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NNPCL chair: Judgment voiding Araraume’s sack’ll be appealed — Buhari
President Muhammadu Buhari has vowed to appeal the judgement which voided the sack of Sen. Ifeanyi Araraume as the Non-Executive Chairman of the Nigeria National Petroleum Company Limited (NNPCL). Recall that Justice Inyang Ekwo of the Federal High Court sitting in Abuja, on Tuesday, April 18, declared that Araraume’s removal was unconstitutional The judge ordered…
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NNPCL Board: Araraume floors Buhari, as court voids removal as non-executive chairman
…estored to office …awarded N5bn in damages In a rare decision against a sitting President, Justice Inyang Ekwo of the Federal High Court on Tuesday voided the removal of Senator Ifeanyi Godwin Araraume as non-executive chairman of the Board of the Nigeruan National Petroleum Company Lmited (NNPCL) Ekwo, in an hour-long judgment, resolved all…
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NNPCL attributes fuel queues to movement restrictions for elections
The Nigerian National Petroleum Company Ltd. (NNPCL) has attributed fuel queues in Abuja and some parts of the country to restrictions of businesses and movement during the presidential and National Assembly elections. The NNPCL said operations had resumed at the depots and trucks were being
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Fuel subsidy now above N400bn monthly – NNPCL
The Nigerian National Petroleum Company Ltd. (NNPCL) has disclosed that the amount being spent as subsidy on Premium Motor Spirit (PMS), popularly called petrol, had crossed N400 billion monthly. Malam Mele Kyari, NNPCL’s Group Chief Executive Officer, disclosed
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Our members not buying petrol at N172 per litre – IPMAN
I ndependent Petroleum Marketers Association of Nigeria (IPMAN), on Friday, said that its members were not buying petrol at N172 per litre, as being insinuated. IPMAN’s Chairman, Western Zone, Alhaji Dele Tajudeen, stated this in an interview with NAN in Ibadan. Tajudeen described the report being circulated that IPMAN members were buying
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Special Report: Fuel Scarcity and the alleged plot to scuttle Nigeria’s 2023 election
Nigeria’s prolonged fuel scarcity has continued to defy measures announced by the Federal Government to curtail it. Despite the long fuel queues and the skyrocketing prices of food commodities occasioned by scarcity of Premium Motor Spirit (PMS), popularly known as fuel in the country, the Group Chief Executive Officer of the Nigerian National Petroleum Company…
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NNPCL’s inability to file counter affidavit halts Araraume’s N100bn suit against FG
The inability of Nigerian National Petroleum Company (NNPC) to file a counter affidavit in the N100 billion suit filed by Senator Ifeanyi Araraume against the Federal Government again stalled definite hearing on the suit at the Federal High Court Abuja on Wednesday. Araraume had insututed the suit against the FG, challenging his alleged unlawful removal…
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NNPCL releases 1.9 billion litres of fuel to ease scarcity
Following a biting fuel scarcity that has enveloped many parts of the country for some time now, the Nigerian National Petroleum Corporation Limited, NNPCL, has released 1.9 billion litres of petrol. Recall that the Department of State Services, DSS, gave stakeholders in the oil sector ultimatum to make petrol available to Nigerians.
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Special Report: Real reason why Nigerians suffer unending fuel scarcity amidst abundant crude oil
Across the country, Nigerians are experiencing hardship caused by shortage in the supply of petrol, while the Federal Government consistently absolves itself of any blame and has failed to take responsibility for the shortfall. For most part of this year, with the exception of a few weeks, demand for petrol has exceeded supply in major…