N100 million fraud: EFCC arraigns fake NNPC Director …C0NTINUE READING HERE >>> The Kaduna Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) has arraigned one Ibrahim Nuhu Shuaibu before Justice Darius Khobo of the Kaduna State High Court, sitting in Kaduna State for fraud. Advertisement Shuaibu is being prosecuted on a seven-count charge … Read more
NNPC makes fresh delivery of crude oil to Dangote Refinery …C0NTINUE READING HERE >>> The Nigerian National Petroleum Company (NNPC) Limited has disclosed it would be supplying a total of 17.6 million barrels of crude oil to Dangote Refinery between September and October 2024 as part of the federal government’s push to drive local production … Read more
NNPC: From monopoly to monopsony – By Etim Etim …C0NTINUE READING HERE >>> By Etim Etim Very few business organizations are as lucky as NNPCL, Nigeria’s state-owned oil company, founded over 50 years ago. Since its founding, the corporation has consistently failed to perform its basic functions and meet its organizational objectives; and rather than … Read more
JUST IN: NNPC opens up on when Dangote petrol will be available …C0NTINUE READING HERE >>> The Nigerian National Petroleum Company (NNPC) Limited has disclosed that it is awaiting the timeline provided by Dangote Refinery to make its petrol available for Nigerians. Advertisement TheNewsGuru.com (TNG) reports Executive Vice President of Downstream, NNPC Limited, Mr. Adedapo … Read more
“I’m loyal, sir” – By Pius Mordi …C0NTINUE READING HERE >>> By Pius Mordi These are unusual times for Nigerians. Having been reduced to the nadir of multi-dimensional poverty, the government now holds the key to healthy living. It no longer matters if there is paid employment or a thriving business. Its either you are … Read more
Why NNPCL’s decision to lease instead of sell refineries spells doom – By Magnus Onyibe …C0NTINUE READING HERE >>> For a long time, I have advocated for the federal government to privatize the oil and gas sector, which has been tightly controlled since oil was first discovered in commercial quantities in 1956 in Oloibiri, now … Read more
Motorists, commuters, traders react over new price of petrol …C0NTINUE READING HERE >>> The Nigerian National Petroleum Company Ltd. (NNPCL) has increased the price of petrol from N585 to between N855 and N890 per litre. Correspondents, who monitored the situation in Lagos metropolis, observed that in the midst of ongoing fuel shortages and crises, marketers … Read more
FG denies asking NNPC to hike price of petrol to N1000 per litre …C0NTINUE READING HERE >>> Senator Heineken Lokpobiri, Minister of State Petroleum Resources (Oil) has said that no directive was issued to the Nigerian National Petroleum Company (NNPC) Limited to increase petroleum prices to N1,000. Lokpobiri in a statement on Tuesday issued by … Read more
BREAKING: Our petrol will be out in filling stations in next 48 hours – Aliko Dangote …C0NTINUE READING HERE >>> Founder, Chairman and Chief Executive Officer (CEO) of Dangote Group, Aliko Dangote has disclosed that petrol from the Dangote Refinery will be out in filling stations across the country in the next 48 hours. TheNewsGuru.com … Read more
Fuel scarcity: Issues behind looming petrol price hike …C0NTINUE READING HERE >>> On Sunday, 1st of September 2024, the Nigerian National Petroleum Company (NNPC) Limited prepared Nigerians for sleepless nights after releasing a terse statement conceding financial constraints, and as a result, cannot guarantee sustainable fuel supply across the country. Advertisement The statement released by … Read more