NNPC Prospects for Oil in Niger, Borno –Report The Nigerian National Petroleum Company Limited, NNPC is prospecting for crude oil in more locations across the north, after discovering the commodity in Bauchi and Gombe states. NNPC stated that it was currently taking coordinated steps for more frontier exploration in the region, as part of measures
READ MOREOil Theft: Nigerian Navy Accuses NNPC of Insincerity Nigerian Navy has accused the Nigerian National Petroleum Corporation Limited, NNPC Ltd of not revealing the true causes of crude oil theft in the country, but reeling out exaggerated figures to save its face. This disclosure was made to the Senate Committee on Economic and Financial Crimes
READ MORENNPC’s Failure to Remit Revenue Has Caused Many States Financial Distress — El-Rufai Amidst the nation’s dwindling economy, Governor Nasir El-Rufai of Kaduna State has lamented that the inability of the Nigerian National Petroleum Company Limited, NNPC to remit any revenue into the federation’s account since the beginning of this year has put many states
READ MOREMarketers Threaten Strike Over N185/Litre Fuel The Independent Petroleum Marketers Association of Nigeria, IPMAN on Monday, threatened to withdraw its service over incessant increment on the price of the premium motor spirit in the Eastern part of the country. The marketers, in a statement, blamed private depots for the hike in price. According to them,
READ MOREBARELY 24 hours after the price of aviation fuel rose by 35 per cent from N430/litre to N580/litre, oil marketers on Wednesday predicted that the price of the product might hit N700/litre by next week if the global crude oil price continued to fluctuate. The National Operations Controller, Independent Petroleum Marketers Association of Nigeria, Mr
READ MOREThe Nigeria Extractive Industries Transparency Initiatives, an agency of the Federal Government, on Monday, blamed the over three-week scarcity of Premium Motor Spirit, popularly called petrol, on the continued subsidy on PMS. It explained that the solution to the country’s prolonged fuel crisis was to halt the subsidy regime as canvassed by stakeholders including the
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