Home Topics PMS

PMS

Newly appointed U.S. Defence Secretary Mark Esper has pressured Japan to participate in a U.S.-led maritime security mission in the Strait of Hormuz.

India, United States set to sign key defence pact on satellite data

United States Secretary of State Mike Pompeo and Defence secretary Mark Esper are holding a dialogue on Tuesday with their Indian counterparts Subrahmanyam Jaishankar and Rajnath Singh aimed at enhancing defence and strategic ties.
Nigerian National Petroleum Corporation (NNPC)

Fuel queues: No need for panic buying – NNPC

The Nigerian National Petroleum corporation (NNPC) has cautioned motorists not to engage in panic buying of Premium Motor Spirit (PMS) also known as petrol, assuring of normalcy in the supply of petroleum products.
A worker fills a car's tank at the CO-OP petrol station in Cairo, Egypt April 2, 2020. REUTERS-Mohamed Abd El Ghany

Strike over oil sector deregulation not necessary – expert

A don, Prof. Wumi Iledare, on Monday, said that there was no need for organised labour to embark on strike over the deregulation of the downstream oil sector.
Mele Kyari,

Strike suspension: NNPC chief assures labour on implementation of agreement

The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, has commended labour leaders for suspending their planned protest and strike over hike in electricity tariff and fuel pump price.
The new head of Nigeria's state oil company NNPC, Mele Kyari, speaks during an interview with Reuters in Abuja, Nigeria August 7, 2019. REUTERS-Afolabi Sotunde

NNPC chief hails labour for suspending planned strike

Mr Mele Kyari, Group Managing Director, Nigerian National Petroleum Corporation (NNPC), has hailed the decision of labour leaders to suspend their planned protest scheduled to have commenced Monday.

Lagos Chamber backs subsidy removal, appeals to NLC on industrial action

The Lagos Chamber of Commerce and Industry (LCCI), has said that a reversal of the current reforms on subsidy of Premium Motor Spirit (PMS) would exacerbate the challenges of the already faltering Nigerian economy.
Vice President Yemi Osinbajo on Tuesday at the Presidential Villa, Abuja met with Senate President, Ahmed Lawan and Speaker, House of Representatives, Femi Gbajabiamila, over the proposed increase in electricity tariff.

VP Osinbajo: Nigerian government mulling auto-gas as alternative to petrol

In a determined effort to offer Nigerians an effective option to petrol, the federal government will focus on developing Compressed Natural Gas otherwise known as auto-gas, which is priced significantly lower than PMS.
The Petroleum Products Pricing Regulatory Agency (PPPRA) is set to commence a comprehensive audit and survey of downstream oil and gas logistic facilities, with a view to identifying the infrastructure gap in the sector

PPPRA: Previous administrations spent N8.9 trillion on subsidy in 10 years

The Petroleum Products Pricing Regulatory Agency, PPPRA, yesterday, disclosed that N8.9 trillion was spent on fuel subsidy by the Federal Government, mainly by previous administrations, between 2006 and 2015.
Mele Kyari,

Cabal hijacked fuel subsidy regime – NNPC chief

Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mele Kolo Kyari, has said that over N10 trillion was spent on fuel subsidy between 2006 and 2020 without a significant impact on the masses.
Niger State Governor, Alhaji Abubakar Sani-Bello, has set up two committees to spearhead his inauguration for his second term.

Niger governor urges relevant agencies to open up closed roads

The governor gave the directive when he briefed journalists shortly during a meeting Chaired by Professor Ibrahim Gambari, the Chief of Staff to President Muhammadu Buhari, Inspector General of Police, the Director-General of the Department of State Services, the Group Managing Director of the Nigeria National Petroleum Corporation (NNPC) and the Minister of Works and Housing all in attendance.
Nigerian National Petroleum Corporation (NNPC)

NNPC trading surplus rises by 860% to N20.4 billion in one month

The Nigerian National Petroleum Corporation, NNPC, Thursday, announced a trading surplus of N20.36 billion in July 2020, rising by 860 per cent from a surplus of N2.12 billion recorded in June.
Nigerian National Petroleum Corporation (NNPC)

NNPC to setup CNG refilling plants nationwide

The CNG (methane stored at high pressure) is a fuel that can be used in place of gasoline, diesel fuel and liquefied petroleum gas (LPG) and its combustion produces fewer undesirable gases than the aforementioned fuels.
A gas station attendant pumps fuel into a customer's car at the NNPC Mega petrol station in Abuja, Nigeria March 19, 2020. REUTERS-Afolabi Sotunde

Economist: Nigeria’s petroleum subsidy removal will unlock country’s economic prospects

An economist, Mr Okechukwu Unegbu, says the Federal Government’s removal of petroleum subsidy will unlock the country’s economic prospect.
The Petroleum Products Pricing Regulatory Agency (PPPRA) is set to commence a comprehensive audit and survey of downstream oil and gas logistic facilities, with a view to identifying the infrastructure gap in the sector

PPPRA: Forex, uncertainty responsible for lack of fuel import by marketers

The Petroleum Products Pricing Regulatory Agency, PPPRA, blamed foreign exchange challenges and prevailing uncertainty for the inability of oil marketers to resume fuel import.
Worried by the rise in banditry in parts of the state in the last two months, Niger State Governor Abubakar Sani Bello has declared an all-out war on the armed criminals terrorising the state.

Niger governor commiserates with victims of tanker explosion

Governor Abubakar Sani Bello has commiserated with the victims of tanker explosion in Lambata, Gurara Local Government Area where houses, shops and vehicles were destroyed.
A gas station attendant pumps fuel into a customer's car at the NNPC Mega petrol station in Abuja, Nigeria March 19, 2020. REUTERS-Afolabi Sotunde

SSANU: Fuel, electricity hike’ll increase Nigerians’ hardship

The Senior Staff Association of Nigerian Universities (SSANU), Monday, warned that except the Federal Government addresses the recent hike in fuel and electricity tariff, the non-teaching staff in collaboration with the Nigeria Labour Congress (NLC), would engage the government in a peaceful protest across the nation, with a view to forcing the government to rescind its decision.
President Muhammadu Buhari on Sunday said the federal government will provide relief materials for residents of Lagos and Abuja whom he ordered to stay-at-home as part of measures to curb the spread of the coronavirus.

President Buhari: It’ll be dangerous to go back to fuel subsidy era

President Muhammadu Buhari has warned that it would be economically dangerous for Nigeria to go back to the era of fuel subsidy, citing grave financial cost and a return to the era of long fuel queues as certain results.

Fierce competition will keep petrol price moderate – marketers

Against the backdrop of the full deregulation of the nation’s downstream oil sector, major oil marketers have said fierce competition will moderate the pump prices of petrol.

Recent Stories

President Muhammadu Buhari on Wednesday met with a former Minister of Defence, Gen. Theophilus Danjuma (retd.).

President Buhari, General Danjuma meet at Aso Rock

President Muhammadu Buhari on Wednesday met with a former Minister of Defence, Gen. Theophilus Danjuma (retd.).
President Muhammadu Buhari, on Friday, said the Federal Government would engage the services of members of the National Youth Service Corps to champion the implementation of the Sustainable Development Goals 2030 at the grassroots.2

Eid-el-Maulud: President Buhari preaches love, honesty

President Muhammadu Buhari has urged all Nigerians to seize the opportunity of this year’s Eid-el-Maulud to reflect on the virtues of the Holy Prophet by showing love and understanding for fellow citizens.
Joe and Jill Biden voted in Wilmington, Delaware, on Wednesday

US election: Joe Biden votes in Delaware

Democratic White House hopeful Joe Biden cast his ballot in the US presidential race Wednesday in Delaware, six days before the end of a turbulent campaign pitting him against incumbent Donald Trump.

CAF president confirms candidacy for re-election

The Confederation of African Football President Ahmad Ahmad has announced his intention to run for a second term in office.

AFCONQ: Kaizer Chiefs confirm Daniel Akpeyi’s Super Eagles call-up

South African giants, Kaizer Chiefs, has confirmed that goalkeeper, Daniel Akpeyi, has received a call up for Super Eagles’ 2022 Africa Cup of Nations double-header against Sierra Leone in November.