The Nigerian National Petroleum Company Limited has officially announced the shutdown of the Port Harcourt Refining Company. In a statement on Saturday, the NNPC confirmed a report by Saturday PUNCH that the facility will be shut down for a month for maintenance activities. According to the NNPC Chief Corporate Communications Officer, Olufemi Soneye, the … Read more
The Nigerian National Petroleum Company Limited has revealed that it is now in the final stages of preparing for its highly anticipated listing on the capital market, by the provisions of the Petroleum Industry Act 2021. The NNPCL Chief Corporate Communications Officer NNPC Ltd, Olufemi Soneye, made the announcement in a statement released on … Read more
Residents of the Federal Capital Territory have been left stranded and grappling with fuel shortages following the sudden closure of several retail outlets owned by the Nigerian National Petroleum Corporation Limited within the capital city. It was gathered that the stations closed for some days, were allegedly ordered by the management of the national … Read more
The Nigerian National Petroleum Company Limited says it uncovered 179 incidents of crude oil theft in the past week. The company affirmed that the war on crude oil theft and vandalism rages on as industrywide security collaboration continues to safeguard hydrocarbon infrastructure. A video released by the NNPC shows the incidents recorded between January … Read more
The House of Representatives on Wednesday asked its Committees on Finance, Petroleum (Upstream and Downstream) to investigate reports from the Revenue Mobilisation Allocation and Fiscal Responsibility Commission “alleging that the NNPC (now Nigerian National Petroleum Company Limited) withheld N8.48tn as claimed subsidies for petrol.” The House further stated that “the investigation will address the … Read more
NNPCL, Nigerian National Petroleum Company Limited has agreed to sell Premium Motor Spirit (petrol) to members of the Independent Petroleum Marketers Association of Nigeria (IPMAN) at a rate of N995 per litre. This agreement follows the intervention of the Department of State Services (DSS) in the ongoing dispute between the two parties. Hammed Fashola, … Read more
The Nigerian National Petroleum Company Limited (NNPCL) has announced that it has acquired fuel from Dangote Refinery at a price of N898 per litre. The oil firm had moved about 300 trucks to the 650,000 capacity refinery in Lagos, on Saturday, and loading commenced on Sunday. Speaking with Daily Trust over the price of … Read more
The Socio-Economic Rights and Accountability Project (SERAP) has called on President Bola Tinubu to instruct the Nigerian National Petroleum Company Limited (NNPCL) to immediately reverse what it terms an “illegal and unconstitutional” increase in petrol prices across its stations. In a statement issued on Sunday by SERAP Deputy Director Kolawole Oluwadare, SERAP urged Tinubu … Read more