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Nigerian National Petroleum Corporation (NNPC)

NNPC seeks smooth movement of petroleum tankers nationwide

The Nigerian National Petroleum Corporation (NNPC) has called on security agencies to allow petroleum products tanker drivers move freely, despite the lockdown ordered by President Muhammadu Buhari in some parts of the country.

IPMAN kick against new petrol pump price, says members incurred N5.5 billion loss from...

The Independent Petroleum Marketers Association, IPMAN, have on Wednesday kicked against the N123.50 new fuel pump price saying it members will not comply with the adjustment until it exhausted it old stocks.

TCN, NNPC collaborate to increase gas supply to electricity industry

The Transmission Company of Nigeria (TCN) says it has received unprecedented support from the Nigerian National Petroleum Corporation (NNPC) for the availability of gas
President Muhammadu Buhari has appointed Mr. Mele Kolo Kyari as the new Group Managing Director of the Nigerian National Petroleum Corporation (NNPC).

Lockdown: NNPC seeks smooth movement of petroleum tankers

The Nigerian National Petroleum Corporation (NNPC) has called on security agencies to allow petroleum products tanker drivers free movement, despite the lockdown ordered in some parts of the country.

Nigeria slashes petrol pump price again to N123.50 per litre

The Federal Government has announced a further reduction in the Premium Motor Spirit (PMS)’s pump price to N123.50 per litre.
The Minister of Power, Mr Saleh Mamman, has assured Nigerians that effective metering will tackle the challenges of liquidity and energy theft in the power sector.

Minister: Why we suspended electricity tariff hike

The Minister of Power, Engr. Saleh Mamman, has explained that the suspension of take-off of the new electricity tariff hike till next three months was in line with President Muhammadu Buhari’s announcement of March 29 granting a moratorium for certain Federal Government’s funded facilities to the Nigerian public.
Nigerian National Petroleum Corporation (NNPC)

NNPC: We have 60-days fuel sufficiency

Nigerian National petroleum Corporation (NNPC) has urged Nigerians not to engage in panic buying of Premium Motor Spirit (PMS), as the country has adequate stock of the products to last for over 60-days.

African oil-producing countries among the most hard-hit as oil price plunges

African oil-producing and reliant countries have been among the most hard hit by the COVID-19 pandemic and declining oil price. Oil price crashed below $20 dollars on Monday, the lowest in 18 years. In particular, Senegal, Nigeria and Angola continue to face new challenges each day amid the threat of economic fallout.

NERC may suspend planned electricity tariff hike amid virus outbreak

Following the current lockdown of economic activities and the many implications of the Corona Virus outbreak, there are indications that the Nigerian Electricity Regulatory Commission (NERC) may later on Tuesday announce the suspension of the proposed increase in electricity tariff expected to hike bills by over 50 per across the country.
The Department of Petroleum Resources (DPR), Osogbo field Office, has sealed 15 Liquefied Petroleum Gas (LPG) skid stations for operating without valid licences.

Lockdown: DPR warns residents not to store petroleum products

The Department of Petroleum Resources (DPR), Abeokuta Field Office, has warned the public not to store petroleum products or engage in panic buying during the lockdown.

Lockdown: Eko Disco assures customers steady power supply

The management of Eko Electricity Distribution Company (EKEDC) on Tuesday assured its customers of steady power supply in spite of shutting its offices outlets in Lagos and Ogun state. =

Oil rebounds from 18-year lows after US and Russia agree to talks

Oil recovered ground on Tuesday after US President Donald Trump and Russian President Vladimir Putin agreed to talks to stabilize energy markets, with benchmarks climbing off 18-year lows hit as the coronavirus outbreak cut fuel demand worldwide.

NUPENG distributes sanitizers, safety kits to tanker drivers

Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, yesterday called on state governments and security agencies to assist Petroleum Tanker Drivers, PTD, to seamlessly distribute fuel across the country as Nigeria struggles to contain the coronavirus, COVID-19 pandemic.

NNPC: Coronavirus lockdown won’t disrupt fuel supply

The Nigerian National Petroleum Corporation (NNPC), yesterday, said it has activated measures to guarantee seamless distribution of petrol across the country throughout the lockdown and beyond.
A member of the House of Representatives, Rep. Shehu Koko representing Maiyama-Koko-Besse Federal Constituency of Kebbi State made the plea in a statement made available to journalists on Monday.

Reps member calls for suspension of utility bills

As part of efforts to ameliorate the socio-economic hardship being faced by Nigerians in the fight against the deadly coronavirus, the federal government has been urged to extend her palliative to include suspension of payment of electricity and water bills for the ordinary Nigerians for two months.
The Chairman and Vice Chairman of Famfa Oil LTD, Modupe and Folorunsho Alakija, have donated N1 billion to support Nigeria’s fight against COVID-19.

Famfa Oil donates N1 billion to fight coronavirus

The Chairman and Vice Chairman of Famfa Oil LTD, Modupe and Folorunsho Alakija, have donated N1 billion to support Nigeria’s fight against COVID-19.
Customers get a haircut ahead of a nationwide 21-day lockdown in an attempt to contain the coronavirus disease (COVID-19) outbreak in Waterfall, South Africa, March 26, 2020. REUTERS-Rogan Ward

South Africa announces tax relief for business hit by virus

South Africa’s National Treasury said on Sunday it was introducing a new tax subsidy of 500 rand ($28) per month for each worker to employers for the next four months to cushion financial losses suffered by firms due to the coronavirus.

IPMAN: We’ll keep filling stations open, away from fuel scarcity

With the growing concerns and panic over the gradual lockdown resulting from the Coronavirus pandemic, Independent Petroleum Marketers Association of Nigeria, IPMAN, have assured residents that it would keep the filling stations open and away from fuel scarcity to cushion the effects.

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UN: 2.1 million people to face food insecurity in Sahel

An unprecedented 2.1 million people in the Sahel region will not have access to enough food, with the Covid-19 pandemic likely to hamper aid operations, a projection by the World Food Programme (WFP) showed.
Chairman of the Presidential Taskforce on Covid-19 and Secretary to the Government of the Federation, Mr Boss Mustapha, who stated this yesterday during the daily briefing of the Taskforce, added that the federal government would also put in place measures to control the movement of nomadic herdsmen who go across the border in search of greener pastures for their cattle.

Nigeria: Spike in coronavirus infections fueled by porous land borders

The federal government has explained the spike in the number of Covid-19 infections in the country, blaming it on the porous nature of Nigeria’s land borders and predicting that soon, there could be more infections in the eastern flank of the country as people move on foot across borders.