Receiving the Man of the Year Award from Nigeria NewsDirect newspaper, the NNPC GMD said that the corporation had learnt a great lesson during the recent fuel scarcity in the country. The Group Managing Director (GMD), Nigerian National Petroleum Corporation (NNPC), Dr …
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The Nigerian National Petroleum Corporation on Sunday announced that it was spending N774m daily (about N23.99bn monthly) as subsidy on the 50 million litres of Premium Motor Spirit consumed across the country.
Although it described the amount as under-recovery, the oil firm stated that the...
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On the average, Nigerians bought a liter of Premium Motor Spirit (Petrol) for N190.9 in January, indicating that they paid N19 extra for the product as against what it sold the previous month. The National Bureau of Statistics (NBS) said that the average price
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Governor Mohammed Abubakar of Bauchi state says the GMD of NNPC, Maikanti Baru, has disclosed the reason why the fuel scarcity still persists – Kachikwu directs NNPC to clear fuel queues in Abuja before February 18 The federal
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The Senate on Thursday urged the Nigerian National Petroleum Corporation (NNPC) to, within seven days, end lingering scarcity of petrol and clear queues in filling stations across the country. This followed a unanimous adoption of report of the Committee on Petroleum Resources (Downstream) on...
The Central Naval Command (CNC) of the Nigerian Navy said it has destroyed more than 900,000 metric tonnes of illegally refined petroleum products and crude oil in the last 7 months. The outgoing Flag Officer Commanding the CNC, Rear Admiral Abubakar Al-Hassan, who disclosed this yesterday at...
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The Nigerian National Petroleum Corporation (NNPC) on Monday appealed to motorists in Lagos State not to embark on panic buying of petrol because it had increased the fuel-laden trucks supplying fuel to the city/state by 50 trucks Mr Ndu Ughamadu, the Corporation’s Group
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Petrol queues yesterday re-surfaced in parts of Lagos State fueling fresh fears of another round of acute scarcity of petrol which marred christmas and new year celebrations. LEADERSHIP Sunday correspondent who monitored the situation observed that the queue which was noticed in the early hours...
BY TARKAA DAVID Motorists in the Federal Capital Territory (FCT) have decried the return of fuel queues at filling stations and appealed to the federal government to make good its promises of making the product available. Some motorists who spoke to LEADERSHIP said the artificial scarcity of...
The traditional ruler of Isolo in Lagos State, Oba Kabiru Agbabiaka, has called on both federal and state governments to reintroduce price controls in the country, particularly on food items. The traditional ruler, who spoke to the News Agency of Nigeria (NAN) on Sunday in Lagos, wondered why …...
Fuel queue at a filling station at Central Business District Area, Garki, Abuja. PHOTO: NAN • Explosion destroys Escravos gas pipeline Residents of Lagos and Abuja have begun heaving sighs of relief from the recent fuel scarcity, leaving people in Imo, Enugu, Port …
via The Guardian Nigeria...
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Some filling stations in Badagry town of Lagos State are selling petrol between N180 to N210 per litre, newsmen report. Newsmen, who went visited many petrol stations in the town, observed that they were under lock and key, however four stations were seen selling fuel on Tuesday. The same...
Nigerians have commended Vice President Yemi Osinbajo, SAN, for his selfless leadership during the fuel crisis at Christmas period. Vice President Yemi Osinbajo engaged with citizens in queues and staff at the stations during the visit. On different social medial platforms and online blogs, some...
A former Director, Budgetary Department, Central Bank of Nigeria (CBN), Dr Titus Okunronmu, on Monday, advised the Federal Government to repair all the four refineries in the country. Okunronmu said in Ota, Ogun State, that the revamping of the nation’s refineries would increase domestic supply...
Oil marketers to get foreign exchange, import fuel DPR, customs, others to monitor distribution FG to settle N800bn subsidy debt By Udeme Akpan, Victor Ahiuma-Young & Demola Akinyemi LAGOS—To address the current scarcity of fuel across the country, stakeholders weekend, recommended among others...
Fuel scarcity queues The Nigeria Labour Congress (NLC) has threatened to picket filling stations selling petroleum products above official pump prices. An official of Ebonyi chapter of the congress made this known to newsmen in Abakaliki. The source confided that the union decried the lingering...
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A presidential committee set up to find solution to the perennial fuel supply crisis is considering three options for the price of oil to remain at N145 per litre.
The options before the federal government include;
1. Allowing oil marketers to import fuel and sell at their own price while NNPC...
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A petrol station being sealed by officials The Department of Petroleum Resources (DPR), Warri Zonal Office, said it has sealed over 80 petrol stations in Delta since fuel scarcity begun in December, 2017. Mr Antai Asuquo, the Warri Zonal Operations Controller, made this known to newsmen on...
MC MANAKAI filling station in Abuja has been gutted by fire. The station was one of the petrol stations in Bassa Village, Airport Road, sealed by officials of the PPPRA for hoarding petrol. The petrol found in the tank was later dispensed free of charge to motorists. PMNEWS gathered …
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