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 […]

Suspend Baru Now, SERAP Tells President

Rights group, the Socio-Economic Rights and Accountability Project (SERAP), has called on President Muhammadu Buhari to refer the allegations of corruption and abuse of office against Mr. Maikanti Baru, Group Managing Director Nigerian National Petroleum […]

NNPC completes refund of N450bn to Federation account

Nigeria National Petroleum Corporation (NNPC) has completed the refund of N450 billion to the federation account, to be shared among the federal, states and local governments. The Permanent Secretary, Ministry of Finance, Mr Mahmoud Isa-Dutse, […]

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