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Petroleum Products Marketers
The Nigerian National Petroleum Corporation (NNPC) on Friday said it would maintain its current ex-depot price of Premium Motor Spirit (petrol) until the conclusion of ongoing engagement with the organized labour and other stakeholders.
The Corporation’s new stand is contrary to expectation of possible price hike in the month following rise in the price of crude oil in the international market and the warning by the Minister of State, Petroleum Resources, Chief Timipre Sylva, that NNPC could not continue to absolve the extra cost in the pump price of petrol.
Civil society groups on Saturday pushed for complete deregulation of the downstream sector of the petroleum industry that allows markets forces to determine the pump price of petrol and other petroleum products in the country.
The Petroleum Products Pricing Regulatory Agency (PPPRA) says it is no longer fixing the pump price of Premium Motor Spirit (PMS) also known as petrol for marketers.
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 Nigerian National Petroleum Corporation (NNPC), Sunday, disclosed that the oil and gas industry coalition against the novel Coronavirus (COVID-19) pandemic, that it is spearheading, has donated medical consumables, equipment and an ambulance to the Kano State Government, to support the state’s fight against the pandemic.
Petroleum products marketers in Ogun State have been warned not to engage in sharp practices such as diversion, under-dispensing, hoarding and adulteration of products during and after the Yuletide.
Vice President Yemi Osinbajo will represent Nigeria at the sixth inauguration of President Yoweri Museveni of Uganda.
The Lagos State Government on Tuesday said it had recovered more than N50 million from parties involved in illegal real estate transaction activities.
The state’s Deputy Governor, Manassah Jatau, made the declaration in Gombe on Tuesday when a Presidential Visitation Panel, led by Prof. Kenneth Okiongbo, visited the school.
The Bauchi State Road Traffic Agency (BAROTA), on Tuesday, reiterated that activities of commercial motorcycle riders, popularly known as ‘Okada’ or ‘Achaba’, remained banned in the state.
An African regional organisation said about 60 per cent of people from South Sudan are facing “their worst food security” and nutrition crisis since the country became independent a decade ago.
The campaign posters of former Senate president Dr Abubakar Bukola Saraki for 2023 presidency have surfaced in many parts of Ilorin, the Kwara State capital.
Following the reports of the burning down of the popular Ubani Market in Umuahia North LGA of Abia State on Sunday, May 9, 2021,...
Gov. Abubakar Sani-Bello of Niger has urged residents of the state to continue praying, as it remain the best option for promoting peace in the nation as a whole.
The director-general of the World Health Organisation (WHO), Tedros Ghebreyesus, says Africa is the only region that developed a unified strategy on COVID-19.
The Economic and Financial Crimes Commission (EFCC) has arrested an alleged human organs trafficker.