Tag: Nigerian National Petroleum Company Limited

Fuel scarcity eases gradually after five months
Oil and Gas

Fuel scarcity eases gradually after five months

FThe severe fuel scarcity that has plagued the country since November 2022 is gradually phasing out, as petroleum products are already being made available at filling stations with little or no queues.   This development follows the efforts of the Nigerian National Petroleum Company Limited, the Major Oil Marketers Association of Nigeria, Independent Petroleum Marketers […]

TETFund urges FG to increase education tax
Business

FG approves N117bn for Kano airport repairs, others

The federal government authorized N117.721 billion in contracts for the ministries of petroleum resources and aviation yesterday. LEADERSHIP NEWS reported that the state minister for petroleum resources, Chief Timipre Sylva revealed this to State House reporters during the federal executive council meeting that President Muhammadu Buhari presided over at the presidential villa in Abuja. He claimed […]

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Petrol importation gulps N16.9tn under Buhari – Report

Despite the promise to put an end to the importation of petrol, no less than N16.9 trillion has been spent on importing fuel by the President, Major General Muhammadu Buhari’s (retd), regime. This was contained in data from the National Bureau of Statistics and the Nigerian National Petroleum Company Limited. Since the present administration took […]

NUPENG threatens strike in Lagos over tanker drivers' safety
Oil and Gas

Motorists slam FG, NNPC as fuel queues hit Abuja again

Fuel queues returned to the Federal Capital Territory on Thursday as motorists spent hours at filling stations waiting to buy the Premium Motor Spirit also known as petrol. This is the third time that Abuja, Nigeria’s political headquarters, will be experiencing gasoline scarcity in 2022. There were long queues in most of the filling stations […]

Nigeria, Morocco commence 5,600km gas pipeline project
Energy

State govts sink deeper as NNPC plans N328bn deduction in April

The amount spent by the Federal Government through the Nigerian National Petroleum Company Limited as subsidy on Premium Motor Spirit, popularly called petrol, in January and February this year is N430.165bn. NNPC disclosed this in its latest presentation to the Federation Account Allocation Committee meeting for March 2022, as it informed the meeting that it […]