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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.
Victor Osimhen netted a brace and also got two assists in a roller coaster game in the 2021 AFCON qualifying match against Lesotho at the Setsoto Stadium in Maseru.
The candidate of the Peoples Democratic Party (PDP) in the Kogi West Senatorial District rerun election Dino Melaye has rejected results announced from the election thus far.
The ruling All Progressives Congress (APC) said it was more concerned with ensuring a peaceful and violence-free atmosphere in both Kogi and Bayelsa States during the last Saturday’s election, knowing the odds were in its favour.
Deontay Wilder has predicted Anthony Joshua will suffer a second straight defeat at the hands of Andy Ruiz Jr.
Nigeria’s Super Eagles came from a goal down on Sunday to demolish Lesotho 4-2 in the African Cup of Nation’s qualifier played in Maseru, Lesotho.
Manchester City “don’t need to sign another defender”, says Vincent Kompany, with Pep Guardiola expected to steer clear of the January transfer market and focus instead on his attacking strength.
The Taraba Governor, Darius Ishaku has approved the employment of over 300 people into the state civil service as part of efforts to address the gross manpower shortage of the state civil service
Indigenes of Ubaha in the Oriendu Autonomous Community, Ohuhu, Umuahia North Local Government Area of Abia State, have called on the federal and state government to save them from the effects of landside in the area.
The Joint Admissions and Matriculation Board (JAMB) says it will create a platform that will enable some candidates who scored 250 and above to know why they are denied placements in their respective schools of choice.
Turkish President Recep Tayyip Erdogan said Tuesday he would tell US counterpart Donald Trump that Washington must do more to implement a ceasefire deal they agreed in order to halt Turkey’s offensive in Syria.