The Nigerian National Petroleum Company (NNPC) Limited has ceased importing refined petroleum products, according to Mele Kyari, the group chief executive officer (GCEO) of NNPC. Kyari made the announcement during his keynote address at the 42nd annual international conference and exhibition of the Nigerian Association of Petroleum Explorationists (NAPE) in Lagos on Monday. However, denying…
The Federal Government has granted permission to petroleum marketers to lift petrol directly from the Dangote refinery without going through the Nigerian National Petroleum Company Limited. This confirms the speculation that the NNPC will no longer be the sole off-taker of the Dangote fuel. In a statement yesterday, the Minister of Finance and Chairman of…
The Kaduna Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, has arraigned one Ibrahim Shuaibu before Justice Darius Khobo of the Kaduna State High Court, sitting in Kaduna State for fraud. According to a Monday statement on EFCC X.com handle Shuaibu is facing prosecution on a seven-count charge, including criminal breach of trust,…
The Federal Government has denied a report suggesting that the Ministry of Petroleum Resources ordered the Nigerian National Petroleum Company Limited to sell fuel at N1,000 above the approved pump price. The report claimed that the Minister for Petroleum Resources (Oil), Heineken Lokpobiri, gave the NNPCL the directive. Dismissing the report in a statement signed…
The President of Dangote Group, Aliko Dangote, has made an offer to sell the Dangote Refinery to the Nigerian National Petroleum Corporation Limited. Speaking in an exclusive interview with newsmen, the businessman expressed his willingness to sell the refinery to address allegations of monopoly in the industry. He stated that if the NNPCL takes over…
Petrol queues, yesterday, emerged in Lagos and its environs as many motorists and other users make frantic efforts to buy the product. Checks by Vanguard showed that the long queues, first noticed on Monday, have extended to many outlets. The National President of the Independent Petroleum Marketers Association of Nigeria, IPMAN, Abubakar Maiganda, said his members…
The Nigerian Association of Liquefied Petroleum Gas Marketers has accused terminal operators of incessantly increasing the price of gas, exploiting and limiting its availability to Nigerians. The marketers, led by the association’s president, Oladapo Olatunbosun. on Monday, told the Senate that the Nigeria Natural Liquefied Gas has been consistent with its supply but the cabals…
The Nigerian National Petroleum Company (NNPC) Limited says it has noted the appearance of fuel queues in some parts of Lagos and a few other locations around the country. The retail management of the NNPC in a statement, said the queues are due to reduced Depot loadout in Apapa, Lagos over a few days. It…
Several filling stations in parts of Abuja did not dispense Premium Motor Spirit, PMS, otherwise known as petrol, on Monday, throwing motorists and residents into panic over fears of a fresh outbreak of fuel scarcity in Nigeria’s capital city. Checks by newsmen showed that several filling stations in the Kubwa and Bwari areas of the…