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PPPRA

President of the Senate, Ahmad Lawan, has said amendment to the Public Procurement Act 2007 by the National Assembly will guarantee successful implementation of the 2020 budget. 2

Senator Lawan: Senate will investigate PPPRA over N800 billion for roads

President of the Senate, Ahmad Lawan, has said the Senate will investigate the Petroleum Products Pricing Regulatory Agency over alleged non-remittance of N800 billion to the Federal Roads Maintenance Agency (FERMA) for the maintenance of roads across the country.
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

Yuletide: PPPRA assures of availability of petroleum products

The Petroleum Products Pricing Regulatory Agency (PPPRA) has assured Nigerians of availability of petroleum products throughout the yuletide period.

PPPRA: Open market price of petrol hits N163.68

The Petroleum Products Pricing Regulatory Agency (PPPRA) said that the current open price market of the Premium Motor Spirit (PMS) also known as Petrol as at Nov. 15 was N163.68.
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: Subsidy on petrol now N18.68 per litre

The current open market price for Premium Motor Spirit, popularly known as petrol is N163.68 per litre, the Petroleum Products Pricing Regulatory Agency stated on Monday.
Retired Col. Hameed Ali, Comptroller-General of Nigeria Customs Service (NCS), on Thursday said the closure of Nigeria’s borders by Federal Government was undertaken to strengthen the nation’s security and protect its economic interests.

Federal government suspends fuel supply to border stations

In what may be described as a final offensive in its fight against smuggling, the federal government through the Comptroller-General of the Nigeria Customs Service, Hameed Ali, on Thursday announced the suspension of diesel and petrol supply to filling stations within 20 kilometres radius to all Nigerian borders.

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.

PPPRA to sanction petrol stations over failure to display prices

The Petroleum Products Pricing Regulatory Agency (PPPRA) has threatened to sanction marketers of petroleum products who fail to display the prices of products in their retail outlets at all times.
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).
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: Daily petrol usage drops by 11 million litres after border closure

The Petroleum Products Pricing Regulatory Agency (PPPRA) has disclosed that the country’s daily consumption of petrol dropped from about 61 million litres to 50.22 million litres following the partial closure of Nigeria’s western border with Benin Republic and giving credence to claims that millions of litres are smuggled daily to Cameroon, Niger, Chad and Benin Republic.
Waziri Adio NEITI

NEITI: N28.58 trillion remitted into Federation Account in five years

N28.58 trillion was remitted to Nigeria’s Federation Account between 2012 and 2016, according to a report from the Nigeria Extractive Industries Transparency Initiative (NEITI).
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: Nigeria transports less petrol after closure of Benin border

The volume of petroleum products transported from the Nigerian National Petroleum Corporation fuel depots reduced in the wake of the recent closure of the Nigerian border with Benin Republic, the Petroleum Products Pricing Regulatory Agency (PPPRA) has reported.
The Minister of State for Petroleum Resources, Timipre Sylva, says Nigeria must bring down the cost of production of its crude oil as the country is currently a laughing stock in the way it runs business in the oil and gas sector.

Reduction of Nigeria’s oil JVs equity my priority – minister

The implementation of the proposed reduction of the federal government’s equity holding in the joint ventures in the oil industry is one of the priorities of the Minister of State for Petroleum Resources, Timipre Sylva.
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 plans audit of pipelines, jetties, others

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, while ascertaining the state and adequacy of the current ones in use.
National Bureau of Statistics NBS

NBS: Nigeria imports 5.61 billion litres of petrol in second quarter

The National Bureau of Statistics said 5.61 billion litres of premium motor spirit (PMS) was imported into the country in the second quarter of 2019.
The Manufacturers Association of Nigeria (MAN) has kicked against denomination of price of gas in US dollars and worried that price of gas has become major source of conflict between members and the gas franchisers.

Pricing gas in dollars worries manufacturers

The Manufacturers Association of Nigeria (MAN) has kicked against denomination of price of gas in US dollars and worried that price of gas has become major source of conflict between members and the gas franchisers.

Ibe Kachikwu: NNPC unlikely to become profitable with huge under recovery cost

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said that Nigeria’s continuous subsidising of petrol consumption means the Nigerian National Petroleum Corporation (NNPC) will remain unprofitable in for a long time.
Zainab Ahmed

Finance minister: No plan to remove fuel subsidy now

Nigeria’s Finance Minister Zainab Ahmed has reiterated government’s resolve not to remove fuel subsidy. She made the emphasis against the backdrop of long queues emerging at some filling stations amid the fear that a removal was imminent.

IPMAN, NUPENG assures of petroleum products availability

The Independent Petroleum Marketers Association of Nigeria (IPMAN), and National Union of Petroleum and Natural Gas Workers (NUPENG), have urged Nigerians to stop panicking over fuel scarcity as there is sufficient product.

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Oil prices rise on OPEC deficit forecast

Oil prices rose on Thursday, recouping some of the previous session’s losses after OPEC forecast a supply deficit next year and the U.S. Federal Reserve said the economic outlook was favorable.
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Porsche gets 30,000 down payments for new electric car

Some 30,000 drivers have made down payments for Porsche’s first electric car, according to the high-end automaker’s chief executive.
World heavyweight boxing champion Anthony Joshua has expressed appreciation to the Consul General of Nigeria in New York, Mr Benaoyagha Okoyen, for psyching him up to reclaim his titles.

Anthony Joshua thanks Nigerian envoy for inspiring him

World heavyweight boxing champion Anthony Joshua has expressed appreciation to the Consul General of Nigeria in New York, Mr Benaoyagha Okoyen, for psyching him up to reclaim his titles.
Nigerian striker Rinsola Babajide was the heroine for Liverpool Ladies in their Women Super League Cup 3-1 win over Durham FC at Prenton Park.

Rinsola Babajide’s brace sends Liverpool to next round of English Super Cup

Nigerian striker Rinsola Babajide was the heroine for Liverpool Ladies in their Women Super League Cup 3-1 win over Durham FC at Prenton Park.
Rivers State Governor, Nyesom Ezenwo Wike addressing the meeting with Kalabari Ethnic Nationality at the Government House Port Harcourt on Wednesday.

Rivers governor threatens to sack traditional ruler over ‘romance’ with Bayelsa governor

Rivers Governor Nyesom Wike has called on on leaders of Kalabari ethnic group inn the State to prevail on the Amanyanabo of Kalabari, King Theophilus J.T. Princewill, not to allow himself to be used by external forces to create disunity in the State.