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Nigerian National Petroleum Corporation (NNPC)

Petrol: No increase in ex-depot price in May – NNPC

The Nigerian National Petroleum corporation (NNPC) says it will not increase the ex- depot price of Premium Motor spirit also known as petrol in May.
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has rejected the proposed scrapping of the Petroleum Equalisation Fund (PEF), asserting that it fosters national unity.

Nigerian government urged not to scrap PEF

The Independent Petroleum Marketers Association of Nigeria (IPMAN), has appealed to the federal government not to yield to calls to scrap the Petroleum Equalisation Fund (PEF).
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has rejected the proposed scrapping of the Petroleum Equalisation Fund (PEF), asserting that it fosters national unity.

IPMAN rejects scrapping of Petroleum Equalisation Fund

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has rejected the proposed scrapping of the Petroleum Equalisation Fund (PEF), asserting that it fosters national unity.
The president of Independent Petroleum Marketers Association of Nigeria (IPMAN), Engr. Sanusi Abdul Fari, has congratulated the new commander-general of the Nigeria Security and Civil Defence Corps (NSCDC), Ahmed Audi.

IPMAN hails new NSCDC chief’s appointment

The president of Independent Petroleum Marketers Association of Nigeria (IPMAN), Engr. Sanusi Abdul Fari, has congratulated the new commander-general of the Nigeria Security and Civil Defence Corps (NSCDC), Ahmed Audi.
Mr Bank-Anthony Okoroafor, an energy expert, has commended the Federal Government on plans to make available 600,000 gas cylinders in the country as part of effort to drive Liquified Natural Gas (LPG) penetration.

IPMAN pledges to support Nigerian government’s policy on gas expansion

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has pledged to support the Nigerian government’s policy on the National Gas Expansion Programme (NGEP).
Petrol Tankers

Oil marketers fault plan to fix freight rate for petrol

Major Oil Marketers Association of Nigeria (MOMAN) says plans to fix the freight rate for Premium Motor Spirit (PMS) can hinder the downstream sector’s full deregulation.
Petrol Tankers

Nigerian government mulls fuel freight hike

The federal government indicated yesterday that it was considering an increase in petrol freight, that is, the rate of transporting commodities, goods and cargo by land, sea or air, from N7.51 per litre of the product.

NARTO: Nigerian government considers 20 percent hike in petrol freight cost

The Federal Government is considering a 20 percent hike in the cost of freighting petrol across the country, as part of measures to boost the revenue of transport owners.
The Federal Government on Monday resumed its meeting with the organised Labour over the issues of increases in the pump price of petrol and electricity tariff hike.

Nigerian government, labour adjourn talks on fuel price, electricity tariff hike to February 22

The federal government and organised labour will reconvene on February 22, 2021 for the consideration of the reports of their bipartite technical committees on fuel price and electricity tariff.
Chung Kyung-sim, wife of former Justice Minister Cho Kuk, center, enters the Seoul Central District Court on Wednesday to attend a sentencing hearing in her trial. [WOO SANG-JO]

Former justice minister’s wife jailed over fraud

Former Justice Minister Cho Kuk’s wife was sentenced by a Seoul court on Wednesday to a four-year jail term for academic fraud and other charges.

Petrol to sell for N162.44 per litre as from December 14

The Federal Government has reduced the pump price of premium motor spirit (petrol) from N168 per litre to N162.44 per litre effective from December 14, 2020.
Apparently to thank him for the peaceful outcome of the just concluded Edo state Governorship Election, newly re-elected governor of Edo state, Godwin Obaseki, Friday paid an appreciation visit to President Muhammadu Buhari at the Presidential Villa, Abuja.

Presidency: Why President Buhari renewed appointments of PTDF, PEF, NCDMB chiefs

President Muhammadu Buhari has renewed the appointments of Chief Executive Officers of agencies under the Ministry of Petroleum Resources.

TUC, others reject new fuel price, as petrol stations adjust pump

Petrol stations across the country, yesterday, adjusted their pumps to reflect the hike in the ex-depot price of the Premium Motor Spirit, PMS, by the Petroleum Products Marketing Company, PPMC, with some of the stations raising the price to as high as N161 per litre.
The Minister of State for Petroleum Resources, Chief Timipre Sylva, has said that more private and public sector collaboration will be encouraged as Nigeria steps up effort to realise its target of boosting domestic gas utilisation.

Nigerian government not financially able to pay subsidy – minister

Minister of State for Petroleum Resources, Chief Timipre Sylva, Thursday, disclosed that the Federal Government was not currently capable, financially, to pay the subsidy.
Economic and Financial Crimes Commission - EFCC.

EFCC: Lockdown won’t abort cases against ex-first lady, former governors, others

The lockdown arising from coronavirus appears to have slowed down the fight against corrupt practices in the country for close to six weeks.

LCCI asks NNPC to back up reformed petroleum downstream sector with law

The Lagos Chamber of Commerce and Industry (LCCI) has charged the Nigerian National Petroleum Corporation (NNPC) to consummate its process of reforming the petroleum downstream sector with an appropriate legislative framework, stating that with the legal framework, the reform would not be like the previous dead initiatives.

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.

Courts grants final forfeiture of plaza, houses traced to official accused of corruption

The Federal High Court in Abuja Thursday ordered the final forfeiture of six properties traced to Goddy Nnadi, a general manager of the Petroleum Equalisation Fund.
Lawyers, social critics, Aba residents and civil society groups on Thursday lauded the 12-year prison sentence handed down to ex-Governor Orji Kalu of Abia by a Federal High Court in Lagos.

Lawyers, CSOs, others hail Senator Kalu’s 12-year prison sentence

Lawyers, social critics, Aba residents and civil society groups on Thursday lauded the 12-year prison sentence handed down to ex-Governor Orji Kalu of Abia by a Federal High Court in Lagos.

IPMAN hails automation of downstream sector

The Independent Petroleum Marketers Association of Nigeria (IPMAN) Kano unit, has commended the launching of the automation of the downstream sector of the petroleum industry.

lPMAN warns of impending fuel scarcity

The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Monday raised the alarm over imminent scarcity of petroleum products in the country.
Waziri Adio NEITI

Nigeria earned N28.6 trillion from oil, non-oil sources in five years

The Nigeria Extractive Industries Transparency Initiative (NEITI) said that N28.58 trillion was remitted to the Federation Account between 2012 and 2016, from mineral revenues, non-mineral revenues and Value Added Tax (VAT).

Recent Stories

As Nigeria celebrates her 59th year independence anniversary, Governor Darius Ishaku of Taraba State has said that though the country is 59 years old, it has not matured.

Taraba governor advises Nigerian government on state police

Gov. Darius Ishaku of Taraba has advised the Federal Government to try state police in addressing the security challenges in the country.

Nigerian journalist: Why I returned missing $3,000 to owner

Mr Abdulkadir Shehu, a journalist with Progress FM, a private radio station in Gombe, said he returned the $3,000 dollars he found along the road to its owner, because it would be wrong for him to claim it.
Lady Chidi Alexandra Onyemelukwe, the daughter of the Second Republic vice President Alex Ekwueme, says she is contesting the November governorship election in Anambra State in order to add value to governance and make a difference.

Anambra election: PDP female aspirant urges electorate to shun inducement

A female aspirant in the Nov. 6 governorship in Anambra, Mrs Chidi Onyemelukwe, has urged the electorate to guard against monetary inducement in making their choice of candidates.
The police command in Ekiti on Friday confirmed the killing of a police officer as gunmen allegedly abducted a Chinese expatriate in Ado Ekiti, the Ekiti State capital.

Kidnappers demand N100 million ransom for abducted Kogi council boss

The Kogi State Government has assured the family of abducted chairman of Yagba West local government council, Hon. Pius Kolawole, of its commitment to ensure his release.
Bill Gates and Melinda Gates have announced that they’ll be ending their marriage after 27 years together, explaining in a joint statement that they “no longer believe we can grow together as a couple in this next phase of our lives.”

Bill Gates, Melinda Gates to end marriage after 27 years

Bill Gates and Melinda Gates have announced that they’ll be ending their marriage after 27 years together, explaining in a joint statement that they “no longer believe we can grow together as a couple in this next phase of our lives.”

Most Popular

Oil spills outside China’s Qingdao port after ship collision

A tanker carrying around one million barrels of oil products was involved in a collision near the Chinese port city of Qingdao, spilling oil into the Yellow Sea, China's Shandong Maritime Safety Administration and tanker representatives said on Tuesday.

TCN: How we transmitted 5,801.6MW to DISCOs without hitch

The Managing Director of the Transmission Company of Nigeria, Engr. Sule Abdulaziz has said the company evacuated the country’s highest power generation of 5,801.6 megawatts to Distribution Companies, DISCOs in the first quarter of this year without a hitch.

Presidency: Aso Rock clinic now self-sufficient

The Presidency has said that the Aso Rock Clinic is now fully self-sufficient, saying medical service delivery has improved at the facility.
Unknown gunmen on Tuesday night, killed a pregnant woman at Rigachikun, a suburb of Kaduna metropolis.

Delta: Cultists kill polytechnic graduate

A graduate of the Department of Mechanical Engineering, Delta State Polytechnic, Oghara, in the Ethiope West council area of Delta state, has been killed by suspected cultists.
L’Équipe report that Ligue 1 side PSG are hoping to announce the contract extension of 29-year-old Brazilian attacker Neymar, in a new deal that would run until 2027, before the 1st leg of their upcoming Champions’ League semi-final clash with Manchester City.

Neymar hints at PSG stay as contract talks progress

The Brazilian international will enter into the final year of his contract in the French capital this summer after joining in a world record deal from the Catalan giants back in 2017.