NNPC
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Reps caucus berates NNPC, Dangote over fuel price
By Olamilekan Adigun The House of Representatives Minority caucus has bemoaned the N980 per litre of pump price, describing it as outrageous and exploitative. Kingsley Chinda, chairman of the caucus, said the development was a burden added to the already struggling Nigerians. The lawmaker in a statement he signed, expressed his outrage over the pump […]
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Dangote Refinery will sell petrol to NNPCL only – FG
The Federal Government has announced that the Nigerian National Petroleum Company Limited will be the sole buyer of Premium Motors Spirit from Dangote Refinery. The Minister of Finance and the Coordinating Minister of the Economy, Wale Edun, announced this on Friday in Abuja. FG also noted that interested marketers would have to buy the product […]
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Nigeria and the endless questions on fuel subsidy
By Olajide Adeniyi If the disclosure of Umar Ajiya, the Nigeria National Petroleum Corporation (NNPC) Financial Officer, is anything to go by, Nigeria would have expended a princely sum of N7.8 trillion or $4.9 billion to make fuel price sell at a lower rate than it should ordinarily trade. That will amount to 23.15 percent […]
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NNPC suspends Independent marketers from getting fuel
By Olamilekan Adigun The Nigerian National Petroleum Corporation has reported suspend the sale of Premium Motor Spirit, popularly called petrol to independent marketers. The suspension is coming days after NNPC hiked the product’s price. The price hike has caused more hardship to Nigerians. Filling stations in Osogbo, Osun State capital are selling fuel between N1,000 […]
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NNPC increases fuel to N855 per litre
By Olamilekan Adigun The Nigerian National Petroleum Corporation Limited (NNPCL) has increased its pump price to N855 per litre. This comes just as the NNPCL management admitted that it was facing a debt challenge to the tune of $6 billion from its supply chain abroad. While the prices have varied since the removal of the […]