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Direct Sale Direct Purchase
Nigerian state oil company NNPC said on Sunday that 15 companies had won the right to swap the nation’s crude oil for fuels following a tender for the deals.
The Nigerian National Petroleum Corporation (NNPC), says it transferred N153.01 billion into the federation account in January.
The NNPC, Nigeria’s state owned oil giant, Thursday announced that 132 companies had submitted bids for the 2019 crude for refined products programme tagged Direct Sale, Direct Purchase (DSDP).
The Nigerian National Petroleum Corporation (NNPC) has disclosed the source of the $1.05 billion revolving fund it said it uses to support its supply of petrol to Nigerians since private oil marketers stopped importing and supplying petrol in the country.
Nigeria's state oil firm NNPC has extended its crude-for-product swap contracts, the country's main avenue to meet the bulk of its fuel needs, until June 2019, sources familiar with the matter said.
The Nigerian National Petroleum Corporation (NNPC) through its downstream subsidiary, the Petroleum Products Marketing Company (PPMC), sold and distributed a total of 1.352.86 billion (one billion three hundred and fifty two million and eight six thousand) litres of white products across the country in October, 2017.
The Nigeria Extractive Industries Transparency Initiative (NEITI) on Friday said Nigeria’s gas production rose by 20.23 per cent in 2015.
The Senate is set for a showdown with the Federal Government over the alleged payment of N26 per litre to subsidise the pump price of Premium Motor Spirit, also known as petrol.
The Depot and Petroleum Products Marketers Association (DAPPMA) on Thursday said that its members paid over N90 billion for over a month and were yet to get allocation for cargo of fuel from the Nigerian National Petroleum Corporation (NNPC)/Petroleum Product Marketing Company (PPMC).
The Presidency on Sunday said there was no truth in the media reports that the Nigerian National Petroleum Corporation awarded contracts worth $25bn.
The Presidency has again faulted claims that $25 billion oil contracts were awarded by the the Nigeria National Petroleum Corporation (NNPC) or is $25 billion NNPC fund missing.
Former President Olusegun Obasanjo has described Nasir el-Rufai, governor of Kaduna state, as one of the best persons to work with.
Everton have confirmed that Duncan Ferguson will remain in charge for Sunday’s trip to Manchester United.
The Federal Executive Council (FEC) has approved N307.5 million for the purchase of operational vehicles for the National Agency for Food and Drug Administration and Control (NAFDAC).
The Federal Government has ordered an investigation into the Friday invasion of the Federal High Court, Abuja, by the operatives of the Department of State Service, the Attorney-General of the Federation and Minister of Justice, Mr. Abubakar Malami, has said.
The Nigeria Union of Pensioners (NUP) has appealed to President Muhammadu Buhari to approve free medical treatments for them who are 70 years and above across the country.
Vibrant rows of neatly lined plants grow on a patch once trampled by the cattle of a large commercial farm run by a family of German descent in Namibia.
Andy Ruiz Jr said three months of partying and a lack of proper training left him “overweight” for his world title rematch with Anthony Joshua.
Saudi Arabia’s Ambassador to Nigeria, Adnan Bostaji, says his country will continue to offer humanitarian assistance to Nigeria especially in the health sector.
The Myanmar military launched a ferocious crackdown against its Rohingya Muslim population in 2017, driving around 740,000 into neighbouring Bangladesh.
Both sides of the Manchester divide will be hoping some derby delight can add impetus to disappointing seasons when City host United on Saturday, while Liverpool travels to Bournemouth aiming to surge further clear at the top of the Premier League.