Fuel subsidy records 307% increase amid transport fare hike
The amount spent on fuel subsidy monthly rose from N60.39bn in March 2021 to N245.77bn in March 2022, indicating an increase of…
NNPC
Protesting oil workers ground activities at Warri refinery
Operational activities were, on Thursday, grounded at the Warri Refining and Petrochemical Company, Delta State, as hundreds of casual workers staged a…
Reps allege cover-up on refineries, summon Sylva, Kyari
The House of Representatives’ Ad Hoc Committee on the State of Refineries in Nigeria has summoned the Minister of State for Petroleum…
NNPC to deliver $2.6bn gas pipeline Q1 2023
The Nigerian National Petroleum Company Limited and its contractor handling the bulk of the $2.6bn Ajaokuta-Kaduna-Kano gas pipeline project, Oilserv Limited, on…
Subsidiaries summons: NNPC has nothing to hide, Kyari tells lawmakers
The Group Managing Director of the Nigerian National Petroleum Company Limited, Mele Kyari, has said the NNPC has nothing to hide and…
Reps give NNPC two-week ultimatum to defend N3tn debt
The House of Representatives’ Ad Hoc Committee on Recovery of Outstanding Debts Owed By Oil and Gas Companies has given the Nigerian…
Subsidy: FAAC meets as NNPC deductions threaten states’ allocations
The planned deduction of N242.53bn fuel subsidy from the Federation Account this month by the Nigerian National Petroleum Company Limited is raising…
Reps write Kyari, summon 17 NNPC subsidiaries over audit queries
THE House of Representatives’ Committee on Public Accounts has written to the Group Managing Director of the defunct Nigerian National Petroleum Corporation,…
Queues persist in northern states despite 1.8bn litres fuel supply
The queues by motorists for Premium Motor Spirit, popularly called petrol, particularly in Abuja and northern states have refused to clear despite…
Negotiations with labour on fuel subsidy removal still ongoing – FG
The Federal Government is still in negotiations with the organised labour as regards the removal of subsidy on Premium Motor Spirit, popularly…