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PENGASSAN and NUPENG call for quick resolution of ongoing rift over unpaid fuel subsidy claims before it snowballs into huge crisis that will plunge Nigeria into catastrophic economic mess
Nigerian National Petroleum Corporation (NNPC) fast-tracks agreements with bulk purchase marketers in Nigeria
The House of Representatives has advised the Federal Government to pay up the independent oil marketers to avoid shutting oil supplies as they have threatened to.
To stem cross border leakages and forestall attendant products price hikes, Managing Director of the Petroleum Products Marketing Company (PPMC), Mr. Umar Ajiya, has enjoined Major Marketers Association of Nigeria (MOMAN) to regulate the volumes of petroleum products dispatched to their members’ affiliate stations close to the country’s borders.
The Nigerian National Petroleum Corporation, NNPC, yesterday announced plans to refurbish all its existing pipeline and also double the country’s pipeline network within the next 10 years.
The Petroleum Products Marketing Company, an arm of the Nigeria National Petroleum Corporation (NNPC), has explained that the resurgence fuel queues in Lagos and Abuja was a result of malfunctioning of the channel controlling the piping of products from vessels to marketers’ facilities at the Lagos harbour.
The Nigeria National Petroleum Corporation, NNPC, has given reasons for paying ‘subsidy’ on petrol without appropriation from the National Assembly.
The Nigerian National Petroleum Corporation, NNPC, yesterday, said it has deployed more of its depots and other throughput facilities to enforce the N133.28 per litre Ex-Depot price of Premium Motor Spirit, otherwise known as petrol, to marketers directly.
The Nigerian National Petroleum Corporation (NNPC) has stated that its adoption of a 24-hour depot and retail services cleared the fuel queues in Abuja, Lagos and many states across the country.
Mr Umar Ajiya, the Managing Director, Nigerian Product Marketing Company, NPMC, on Wednesday, said petrol from filling stations found to be hoarding products would be confiscated and served free to motorists.
Arewa leaders have condemned the fuel scarcity experienced across the country, urging the management of NNPC to investigate the cause and punish the culprits.
The NNPC also stated that its subsidiary company in charge of its downstream petroleum businesses, the Nigerian Products Marketing Company (NPMC), has increased the number of petrol trucks that leave its depots across the country with petrol to 1,300 per day.
The Petroleum Products Marketing Company (PPMC) has insisted that the $205,203,891.09 it received from Duke Oil was for products traded.
The Nigerian National Petroleum Corporation, NNPC, yesterday, directed its downstream subsidiary, the Petroleum Products Marketing Company, PPMC, to ensure steady supply of petroleum products across the country during the festive periods and well into 2018.
The Group Managing Director (GMD) of Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has assured of a hitch-free distribution of petroleum products during the yuletide seasons.
Dr. Olisa Agbakoba has filed a suit at the Federal High Court, Abuja, to challenging the non inclusion of the South East Zone of Nigeria, in appointments to the Board of the Nigerian National Petroleum Corporation of Nigeria.
A rights group in Delta State, Ijaw People’s Development Initiative, IPDI, has called on President Muhammadu Buhari to invalidate the recent lopsided appointments at the Nigerian National Petroleum Corporation, NNPC, and the rail line project to his home town, Daura, in Katsina state.
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