As Nigerians anticipate the release of petrol from the $20 billion Dangote Petroleum Refinery, the Nigerian National Petroleum Company Limited (NNPC) has announced it will begin lifting the product on September 15. However, NNPC highlighted that petrol prices will be influenced by foreign exchange rates and market forces due to the deregulated nature of the market. Oil marketers reported that approximately 2,000 tankers are waiting at depots across Lagos, Warri, and Port Harcourt for fuel.
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The Independent Petroleum Marketers Association of Nigeria, IPMAN. says the management of the Nigerian National Petroleum Company Ltd. NNPCL has allocated petrol to its members directly to ease scarcity.
Giving a brief history of the NNPC/FIRS agreement, Mr Babatunde Fashola, the Minister of Works and Housing, who said that the NNPCL was investing its resources into infrastructure, explained the ideology of the Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme as “a new model of partnership with the private sector companies whereby government is saying, “Give me my tax in advance and I will invest it in infrastructure”.
News spreading like wildfire about ex-militant, Tompolo and his pipeline surveillance contract agreed to by the Federal Government and Nigerian National Petroleum Corporation, NNPC Limited.
Nigerian National Petroleum Company, NNPC Ltd., has given reasons for the sudden reappearance of fuel queues sound various parts of the Federal Capital Territory, FCT, Abuja.
NNPC will commence a twenty-four hour supply of Premium Motor Spirit, PMS across various parts of the country, as it claimed to have over 1 billion litres of the commodity.
Blackmarket petrol now goes for six hundred naira (N600) per litre in the Federal Capital Territory, FCT, Abuja.
Nigeria National Petroleum Corporation, NNPC, and Duke Oil, a company alleged to be the sole importer of petroleum in Nigeria, is currently under verbal and written criticism on Twitter, following its importation of adulterated fuel.
FIRS Executive Chairman, Mr Muhammad Nami, in his remarks, said the investment in roads was as a result of Executive Order 007, 2019 meant to encourage taxpayers to use company income tax payable by them to fix the nation’s critical infrastructure in exchange for tax credit.
The Nigeria Labour Congress (NLC) has taken a stand against the proposed petrol price increase by the Federal Government.
An oil company attempted to scam the Central Bank of Nigeria, CBN, and the plot to carry out the well-thought-out scheme failed.
Some new appointments by President Muhammadu Buhari in the Nigerian National Petroleum Company, NNPC Limited, have taken place following the incorporation of the apex oil company.
Revenue generation in the country is undoubtedly a major focus of the present administration, with the Federal Government banning the import of some foreign commodities and initially shutting down its borders to neighbouring African nations to increase productivity.
The Petroleum Industry Act, PIA 2021, signed into law by President Muhammadu Buhari on August 16, has been described as possessing some exciting and beneficial contents by PricewaterhouseCoopers, PwC Nigeria.
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Some heads of major government’s Departments, Agencies and Parastatals are highly likely to serve jail time following their refusals to honour invitations extended to address irregularities of various audit reports.
It would sound cliche to say that there’s currently poor power supply in Nigeria, as most people are already used to excuses the sector operators give as reasons for insufficient electricity.
Smuggling in Nigeria has become a nightmare that gives the Federal Government major concerns to initiate plans that would hopefully nip the challenge in the bud.
Following the return of a long queue to some filling stations, the Nigerian National Petroleum Corporation, NNPC, has cleared the…
The Nigerian National Petroleum Corporation, NNPC, has reacted to speculations about an imminent increase in petrol price in the country.…
