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Nigerian National Petroleum Corporation (NNPC)

NNPC extends crude-for-product swaps until June 2019

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.

NNPC selects Vitol, Trafigura, Sahara, Oando, 46 others for crude term contracts

It was gathered that as part of the efforts to encourage local participation in the lifting contracts, the corporation selected 20 Nigerian companies, unlike in the 2017/2018 contracts where 18 Nigerian companies made the list.

DPR seals six filling stations in Rivers

The Department of Petroleum Resources, DPR, yesterday sealed six filling stations in Rivers State for diversion and hoarding of petroleum products, even as DPR disclosed that over 35 stations have received Premium Motor Spirit, PMS.

How NNPC caused fuel scarcity – Ex-Minister Iheanacho

An oil and gas merchant, Capt. Emmanuel Iheanacho, has attributed the persistent scarcity of petrol to monopoly of the product by the Nigerian National Petroleum Corporation (NNPC).

Petroleum products in 40 vessels expected at ports

No fewer than 40 vessels are expected to berth at Lagos ports this week, as petroleum products takes the lead with nine tanker vessels laden with Premium Motor Spirit (PMS), otherwise known as petrol, diesel, and aviation fuel.

Fuel sells at N200 per litre in Lagos, as NNPC intensifies fuel distribution

Against the backdrop of the ongoing fuel scarcity, the prices have skyrocketed as petrol is currently selling at N200 per litre in Lagos, the News Agency of Nigeria (NAN).

Scarcity: Marketers begin loading of 66 million litres petrol

Oil marketers on Saturday commenced the loading of about 66 million litres of Premium Motor Spirit, popularly known as petrol, from their various depots in Lagos for onward distribution to all parts of the country.

NNPC to flood market with petroleum products

The Nigerian National Petroleum Corporation (NNPC) says it is intensifying efforts to flood the market with petrol and other products to ease scarcity pervading the country.

NNPC jacks up petrol supplies more cargoes arrive

The Nigerian National Petroleum Corporation (NNPC) claimed it has intensified efforts to flood the market with Premium Motor Spirit (PMS), otherwise called petrol.

DPR sanctions 8 filling stations in Kano over fraudulent activities

The Department of Petroleum Resources (DPR), Kano Field Office, said it had sanctioned eight filling stations in Kano for committing various offences.

Federal govt orders minister Ibe Kachikwu to end fuel scarcity by weekend

The Federal Government has ordered the Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, to ensure that the fuel scarcity currently being experienced across the country does not extend beyond this weekend.

Banks place 13 tank farms, filling stations on sale over $600m loans

Banks have confiscated and placed on sale 13 tank farms, scores of filling stations, landed properties and exotic cars seized as collateral from debtors in the downstream sector, it was gathered at the weekend, as recovery of $600 million loans in the sub-sector takes a new twist.

Recent Stories

TO GO WITH AFP STORY BY MIKE SMITH Joint Military Task Force (JTF) spokesman Lt.Col. Onyema Nwachukwu speaks on illegal oil refineries and miltary operations to dislodge oil thieves in Bayelsa State of Niger Delta on April 9, 2013. Shell Development Company of Nigeria (SPDC) had threatened to shut down production in April for nine days in the entire Nembe Trunk Line to remove a number of bunkering points on pipelines vandalised by oil thieves in the region. Since 2009, SPDC has experienced an upsurge in vandalisation of pipeline network by criminals causing severe environmental devastation and forcing the company to lose 60,000 barrels daily this year. AFP PHOTO/PIUS UTOMI EKPEI (Photo credit should read PIUS UTOMI EKPEI/AFP/Getty Images)

Rivers elections: Police, Army resolve conflict

The Nigerian Police Force the Nigerian Army on Friday announced that they have resolved the conflict that ensued between them during the governorship and House of Assembly election in Rivers State.
General Abayomi Gabriel Olonisakin is the current Nigerian Chief of Defence Staff appointed to the position on July 13, 2015 by President Muhammadu Buhari.

UK, France pledge support for Nigeria on security

The United Kingdom and France say they will continue to explore areas where they can maximise support to Nigeria in particular, and West Africa in general, in addressing security challenges.

Woman appears in court for punching friend over N600 loan

A 35-year-old trader, Iyabode Kolapo, who allegedly punched her friend in the face for demanding back the N600 she loaned her, on Friday appeared in an Ikeja Chief Magistrates’ Court.

Uche Secondus: Why President Buhari, INEC boss shifted collation, announcement of Rivers result

The National Chairman of the Peoples Democratic Party, PDP, Prince Uche Secondus has called out President Muhammadu Buhari, the Chairman of the Independent National Electoral Commission, INEC, Prof Mahmood Yakubu, and the military chief for their central roles in a grand design to destroy Rivers state if they fail to have their way electorally.
Senator Ademola Nurudeen Adeleke

Tribunal declares PDP’s Ademola Adeleke winner of Osun election

The Osun State Governorship Election Petitions Tribunal sitting in Abuja has declared as winner Peoples Democratic Party and its candidate in the 2018 governorship election in the state, Ademola Adeleke.