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Senate asks NNPC to refund N216 billion spent as subsidy in 2017

The Senate has asked the Nigerian National Petroleum Corporation (NNPC) to refund N216 billion paid by the commission as subsidy in 2017.

Ex-PPPRA chief Oluwole Oluleye joins Ekiti guber race

Mr Oluwole Oluleye, a former Executive Secretary, Petroleum Products Pricing Regulatory Agency (PPPRA), on Friday picked the Expression of Interest and Nomination Forms for forthcoming Ekiti governorship election.

Senator Makarfi: How ex-President Jonathan spent over $4.5 billion on kerosene subsidy without appropriation

Former Kaduna state governor and chairman of the Senate Committee on Finance at the 7th National Assembly, Senator Ahmed Makarfi, said a probe by his committee revealed that about $4.4bn was spent by the former President Goodluck Jonathan administration.

PIGB: Pump price remains N145 per litre – NNPC

The Nigerian National Petroleum Corporation (NNPC) on Saturday allayed fears that pump price of petrol might move up following National Assembly’s recent passage of the Petroleum Industry Governance Bill (PIGB), which levied a five per cent petrol tax.

PIGB: Oil marketers advocate two oil industry regulators

Oil marketers and the Organised Private Sector (OPS) on Sunday, canvassed for two regulatory bodies to regulate the oil industry under the Petroleum Industry Governance Bill [PIGB] currently before the National Assembly.

Return to official petrol pump prizes excites Warri residents

Residents of Warri and its environs have commended officials of the Petroleum Products Marketing Company (PPMC) over what they called ‘efficient strategy’ in the supply of petroleum products which has led to the crash of petrol otherwise known as PMS to the official pump prize in most filling stations.

PIGB: No plans to sack DPR, PPPRA workers – Ibe Kachikwu

Indications emerged on Sunday that workers of the Department of Petroleum Resources (DPR), and the Petroleum Products Pricing Regulatory Agency (PPPRA) would be absorbed into the new petroleum industry regulator to be set up by the Petroleum Industry Governance Bill (PIGB).

TUC urges federal govt to declare state of emergency in power sector

The Trade Union Congress has urged the federal government to declare a state of emergency in power sector.

TUC: We’ll resist planned increase in electricity tariff

The Trade Union Congress of Nigeria (TUC) has vowed to mobilize Nigerians to resist the proposed increase in electricity tariff as canvassed by the Minister of Power, Works and Housing, Babatunde Fashola, saying it was not the solution to the energy crisis in the country.

PTDF hosts training of govt agencies on OPEC data management

The Petroleum Technology Development Fund (PTDF) said it has completed arrangements to conduct a two-day training for officials in relevant agencies under the Federal Ministry of Petroleum Resources, and other key ministries, departments and agencies (MDA’s) on the completion of OPEC Annual Questionnaire for member countries.

NNPC confirms N5.1tn subsidy payments spanning nine years

The Nigerian National Petroleum Corporation has said it received a total sum of N5.1tn as payments for subsidy on premium motor spirit (petrol) between 2006 and 2015.

President Buhari not doing enough to tackle insecurity – Senators

Tempers flared once again at the Senate on Wednesday as senators questioned the commitment of the executive arm of government to protect lives and property of Nigerians.

Federal govt to prosecute marketers selling petrol above N145

The Federal Government would prosecute any marketer that sells petrol above the recommended N145 per litre, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has warned.

Federal govt reviews petrol pricing template, insists on N145 per litre

The Federal Government on Friday said it had commenced a review of the pricing template for Premium Motor Spirit, popularly known as petrol. It noted, however, that the price of the product would remain unchanged.

President Buhari’s mandate is to maintain N145 pump price – Ibe Kachikwu

The Minister of State for Petroleum Resources, Dr Emmanuel Ibe Kachikwu, says the mandate of the president is to ensure that N145 petrol pump price was maintained Kachikwu while briefing newsmen in Abuja, on Friday said there was no plan to increase the pump price.

Over 4500 trucks of petrol diverted in December – NNPC chief

Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, on Thursday said 4501 petrol trucks vanished from the Nigerian radar in December.

PPPRA forces filling stations to dispense product

The Petroleum Products Pricing Regulatory Agency (PPPRA) on Wednesday monitored filling stations in Abuja to ensure that the limit of N145 was not exceeded.

Oil marketers accused of seeking return to fuel subsidy regime

A coalition of civil society groups under the aegis of Civil Society for Development Initiative, CSDI, have accused oil marketers of pushing for a return of the fuel subsidy regime.

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