Buhari, Baru have made NNPC worse

ACCUSTOMED to meeting most of their financial obligations from their monthly share-out of the Federation Account, Nigeria’s 36 state governors were recently confronted with less-than-expected offers from the pool. Under-remittances from the state oil company […]

Why we will not re-open Enugu depot – NNPC

The Nigerian National Petroleum Corporation (NNPC), has ruled out the possibility of re-opening its Enugu depot in the nearest future. The depot has been out of fuel supply for several years now, leaving marketers with […]

FG proposes two fuel prices

Against the backdrop of biting lingering fuel scarcity, the Federal Government is mulling a plural fuel pricing regime. Under the arrangement, the Nigeria National Petroleum Corporation (NNPC) would sell at N145 while independent marketers would import […]

FG loses $2.27bn to OPA – NEITI

The Nigeria Extractive Industries Transparency Initiative (NEITI} says Nigeria lost 2.27 billion  dollars and N60.99 billion to the Offshore Processing Arrangement (OPA) and crude for product swap arrangement, valuation issues, crude oil and petroleum products losses. […]

Our members’ depots are empty – Petroleum marketers

The Depot and Petroleum Products Marketers Association (DAPPMA) on Tuesday expressed concern over the inability of Nigerian National Petroleum Corporation (NNPC) to send petrol to its members’ depots. DAPPMA’s Executive Secretary, Mr Olufemi Adewole, in […]

NNPC GMD Breaks Silence On Kachikwu’s Letter

The Nigerian National Petroleum Corporation (NNPC) has broken its silence on the recent letter written by the Minister of State for Petroleum Dr Ibe Kachikwu to President Muhammadu Buhari. The NNPC in a letter titled ‘Re: Allegations of Lack […]

Between Buhari, Kachikwu and Baru

The rumpus that broke out last week following the leak of a letter that Minister of State for Petroleum Mr. Ibe Kachikwu wrote to President Muhammadu Buhari six weeks ago has presented the president with […]

Kachikwu, Buhari meeting ends

The meeting between President Muhammadu Buhari and the minister of state for petroleum, Ibeh Kachikwu, has ended Premium Times reports. The meeting started past 11 a.m. Friday. The two men were expected to discuss the […]

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