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Petroleum Products Pricing Regulatory Agency
The Nigerian National Petroleum Corporation saw its revenue from petrol sales plunge by 47.38 per cent to N107.61bn in April as supply dropped amid the coronavirus lockdown and the reduction in the pump price of the product.
Oil marketers, under the aegis of Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), yesterday, kicked against attempts by some labour groups and trade associations to stage a protest march in opposition to the recent hike in the price of Premium Motor Spirit, also known as petrol.
The Women in Energy Network (WIEN) has accused the Petroleum Products Pricing Regulatory Agency (PPPRA) of secrecy in the computation of the indices guiding pump prices of petroleum products.
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 federal government has, on Monday, June 1, slashed the pump price of Premium Motor Spirit (PMS) also known as petrol to N121.50 per litre.
The Minister of State for Petroleum Resources, Chief Timipre Sylva, says the downstream oil sector was deregulated on March 19, with the reduction in the pump price of the Premium Motor Spirit(PMS) also known as petrol.
The Petroleum Products Marketing Company (PPMC), Wednesday, slashed the ex-depot price of Premium Motor Spirit (PMS), also known as petrol, to N108 per litre, a move reflecting the drop in crude oil prices. It is also expected to result in a lower pump price at petrol stations by end of this week.
The federal government should provide a detailed framework for its decisions to end fuel subsidy in the country and the planned oil and gas licensing round, civil society groups advocating for the reform of the country’s oil and gas industry have demanded.
Executive Secretary, the Petroleum Products Pricing Regulatory Agency (PPPRA), Abdulkadir Saidu, has said Nigerians should be ready to pay high or low prices for petrol following the price liberalisation scheme currently in place.
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 Petroleum Products Pricing Regulatory Agency (PPPRA) kept the petrol dealers guessing on Tuesday when it approved an ex-depot price of N138.62 per litre for the Premium Motor Spirit (PMS) petrol and kept the pump price to its chest.
The Minority Leader of the House of Representatives, Rep. Ndudi Elumelu (PDP-Delta), says opposition lawmakers in the house have been at the center of unearthing and exposing acts of corruption in the country.
The Zamfara State Government has directed secondary schools in the state to reopen from August 9, to enable exiting students sit for Secondary School Certificate Examination (SSCE).
Activities on the Nigerian Stock Exchange (NSE) extended a positive trend on Tuesday with key market indices appreciating further by 0.31 per cent.
The Executive Secretary, National Universities Commission (NUC), Prof. Abubakar Rasheed, says 32 federal, state and private universities across all geopolitical zones are involved in different stages of research toward tackling direct and collateral impacts of COVID-19.
The National Emergency Management Agency (NEMA) has distributed relief materials to victims of bandits attack in five communities of Batsari Local Government Area of Katsina State.
Atletico Madrid have a three-man shortlist for a new back-up goalkeeper to Jan Oblak with West Ham United’s Roberto Jimenez listed.
The candidate of the All Progressives Congress for the Governorship election in Edo State, Pastor Osagie Ize-Iyamu, has congratulated Muslims in the state, and the country, on the celebration of Eid ul-Adha, urging sacrifice to God, participation in the affairs of State, and prayers for a peaceful election.
The Lagos Chamber of Commerce and Industry (LCCI) has called for the review of the regulatory framework of the Nigerian Postal Service (NIPOST) in the interest of the Nigerian economy, business continuity, private sector development and job creation.
One of Africa’s largest cement producers, BUA Cement, has announced an impressive 2020 half-year results declaring revenues of N101.3billion and a Profit After Tax of N34.82billion, representing an increase of 12.7% and 13.74% respectively from the corresponding period in 2019. This was contained in a filing to the Nigerian Stock Exchange.