Tag: NNPC
BREAKING: President Tinubu Proposes Crude Oil Sales to Dangote Refinery in Naira
Abuja, Nigeria — In a significant move aimed at stabilizing fuel prices and the exchange rate between the dollar and the Naira, President Bola Tinubu has extended a vital lifeline to the Dangote Refinery. The Federal Executive Council (FEC) has approved a proposal put forward by the President to sell crude oil to the Dangote…
Minister of State Petroleum Resources Hosts Crucial Meeting with Dangote, NMDPRA, NUPRC, and NNPC Leadership
Abuja, Nigeria – Distinguished Senator Heineken Lokpobiri, the Honourable Minister of State Petroleum Resources [Oil], hosted a high-level meeting with key stakeholders to address and resolve ongoing issues surrounding the Dangote Refinery. Attending the meeting were prominent figures in Nigeria’s oil and gas sector: The stakeholders expressed their gratitude to the Honourable Minister for his…
Logistics Challenges and Flooding Behind Fuel Queues, Says NNPC
Abuja, Nigeria – The Nigerian National Petroleum Corporation (NNPC) has attributed the recent fuel queues in the Federal Capital Territory (FCT) and other parts of the country to logistics disruptions caused by adverse weather conditions and flooding. The NNPC explained that the disruptions were primarily due to a recent thunderstorm that impacted the ship-to-ship (STS)…
NNPCL Discovers 122 Illegal Oil Refining Sites in Niger Delta
The Nigerian National Petroleum Company Limited (NNPCL) has uncovered 122 illegal oil refining sites in the past week across the Niger Delta region, highlighting ongoing efforts to combat oil theft and vandalism. In a documentary released by NNPCL on Tuesday, the company detailed its recent findings and actions taken against illicit oil activities. The report…
Federal Government Plans New Audit of N2.8tn Fuel Subsidy Request
The Federal Government is gearing up to launch a fresh audit into the N2.8 trillion fuel subsidy request submitted by the Nigerian National Petroleum Company Limited (NNPC). This move comes in the wake of an initial audit conducted by the auditing firm KPMG, which led to a significant reduction in the subsidy claims from an…
NNPC Initiates Unloading of 240 Million Liters of Petrol to Alleviate Fuel Shortage
In response to the escalating nationwide petrol shortage, the Nigerian National Petroleum Corporation (NNPC) has commenced the unloading of 240 million liters of petrol. This significant importation of fuel is aimed at addressing the fuel scarcity currently experienced across the country. On Monday, five vessels carrying a total of 240 million liters of petrol arrived…
NNPC Ltd. Resolves Fuel Supply Tightness, Assures Nigerians of Stability in Prices
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has addressed concerns regarding the tightness in the supply of Premium Motor Spirit (PMS), commonly known as petrol, across certain regions in the country. According to NNPC Ltd., the issue stemmed from logistics challenges, which have since been resolved. In a statement released by Olufemi Soneye, the…