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The NNPC has reportedly issued award letters for highly sought-after contracts to exchange crude oil for imported fuel, with some Nigerian oil firms beneficiaries.
No fewer than 14 local, regional and international oil companies that bid for the 2019 Direct Sale of Crude Oil and Direct Purchase (DSDP) contract have emerged successful.
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, has assured that the corporation would continue to support local companies, within the entire hydrocarbon value-chain, for the growth of the nation’s economy.
Indigenous pipeline surveillance contractors attached to the Nigerian National Petroleum Corporation (NNPC) at the weekend appealed to the management of the corporation to pay their salary allowance of 17 months.
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).
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.
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.
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).
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.
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).
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.
The Department of Petroleum Resources (DPR), Kano Field Office, said it had sanctioned eight filling stations in Kano for committing various offences.
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 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.
A Federal High Court sitting in Lagos State has ordered the remand of nine suspected internet fraudsters in Ado-Ekiti prison pending the hearing of charges filed against them by the Economic and Financial Crimes Commission, EFCC.
The Presidency has assured Nigerians that President Muhammadu Buhari will not disappoint Nigerians in this second and last term in delivery of his promises.
The Nigeria Customs Service (NCS) has denied closure of the Seme-Krake border with the Republic of Benin, explaining that the ongoing joint security exercise in the area was to tackle transborder crimes.
Frank Lampard insists Chelsea’s misfiring strikers will rediscover their touch in front of goal.
Alex Iwobi is starting on bench as Everton take on Aston Villa on Friday's Premier League fixture.
Ndi-Igbo Germany, an umbrella body of Igbo people living in Germany on Monday tendered an unreserved apology to the former Deputy President of the Senate, Senator Ike Ekweremadu, over the weekend attack on him by members of the proscribed Indigenous Peoples of Biafra in Nuremberg, Germany.
Still on the incident in Germany involving Sen Ike Ekweremadu and IPOB members, a Pro-Umahi group in the United Kingdom (UK), Divine Mandate International (DMI), says it won’t tolerate any act of intimidation on Governor David Umahi of Ebonyi State or any other Igbo leaders by the outlawed Indigenous People of Biafra (IPOB) in the UK.
The Indigenous People of Biafra (IPOB) has said that contrary to some reports none of its members was arrested in Ebonyi State.
The United States (US) government is expected on Wednesday to announce a new regulation that would allow for the detention of migrant families beyond the 20-day limit for holding children, two administration officials, according to a CNN report.
Residents of North-East Nigeria have expressed joy over the peaceful celebrations during the Eid celebrations and called on stakeholders to emulate Tukur Buratai and the Nigeria arm.