Petroleum

The Nigeria Labour Congress (NLC) has kicked against the new fuel price of N143.8 announced by the Petroleum Products Price Regulatory Agency (PPPRA) on Wednesday, saying “this might just be the last straw that would break the camel’s back.”

The Nigerian Union of Petroleum and Natural Gas Workers (NUPENG) has threatened an industrial action over the poor state of roads in the country.

The Petroleum Products Pricing Regulatory Agency (PPPRA), Sunday, insisted that it would continue to regulate the downstream petroleum industry, irrespective of the recent deregulation of the sector, to prevent petroleum products marketers from exploiting consumers and also to enforce the appropriate laws guiding the industry.

The Department of Petroleum Resources (DPR) has sealed a filling station in Yola for allegedly violating the Federal Government new petroleum pump price directive.

The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, says the organisation does not know the exact litres of oil being consumed in the country per day.

Economic activities in manufacturing, production, new others and other indices contracted in May after recording at least 36 months of consecutive growth.

Seplat Petroleum Development Company Plc remains a resilient business with strong balance sheet to acquire more oil and gas assets and ensure sustainable growths and returns to shareholders.

The Independent Petroleum Marketers Association of Nigeria (IPMAN) Kano state chapter has on Tuesday applauded the leadership qualities of the Nigeria National Petroleum Corporation (NNPC) which it said brought about the availability of products in spite of the lockdown order occasioned by the coronavirus pandemic.

The Acting Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ibrahim Magu, has asked Nigerians in Diaspora to put pressure on the United Kingdom to release former Petroleum Minister, Diezani Alison-Madueke, to face trial over alleged corruption in Nigeria.

Fifty ships laden with petroleum products, food items and other goods are expected at the TinCan Island Port and the Lagos Port Complex from May 20 to June 3.

The Enugu Depot Unit of the Independent Petroleum Marketers Association of Nigeria (IPMAN), has called on the Gov. Willy Obiano of Anambra State to urgently address the excesses of the state’s anti-COVID-19 security operatives at various boarders in the state to avoid an impending fire disaster.

Independent petroleum Marketers within Benin metropolis in Edo, have continued to dispense petrol at N125 per litre in deference to the recently announced pump price of N108 per litre.

The oil and gas industry in Nigeria weekend embarked on the third phase of its intervention in the fight against the Covid-19 pandemic, with the takeoff of an infectious diseases centre in Bayelsa to serve the entire Niger Delta region.

The governor of Osun State, Gboyega Oyetola, has announced the relaxation of the lockdown in the state from May 4.

Following the crash in global oil prices occasioned by the coronavirus pandemic, indigenous Petroleum Explorationists have called for urgent intervention of the Central Bank of Nigeria, CBN, as they would be unable to meet their financial exposure to commercial banks at the current oil prices.

The governor of Delta State, Dr Ifeanyi Okowa, on Tuesday, announced the partial lifting of total lockdown within the state effective from Thursday, April 30th 2020.

The Petroleum Products Pricing Regulatory Agency (PPPRA), Monday said it is engaging with the Central Bank of Nigeria (CBN) on ways to make foreign exchange accessible to private oil marketing companies seeking to import Premium Motor Spirit (PMS), also known as petrol, and other petroleum products.

The Nigerian National Petroleum Corporation (NNPC) has donated an ambulance and other medical consumables to Kano State Government to prevent the spread of COVID-19 in the state.