The project, valued at N24.5 billion, twhich raverses mangrove forests with seven bridges and five culverts and connects 14 communities, is a part of activities to mark the one-year anniversary of the President Bola Ahmed Tinubu administration.
Browsing: NNPCL
The Nigerian National Petroleum Company Ltd. (NNPCL) has assured Nigerians that the ongoing fuel scarcity and queues across the country will be cleared out by Wednesday, April 31.
The management of the Nigerian National Petroleum Company Ltd.(NNPCL) has attributed the insufficient supply of petroleum products to some filling stations in Lagos to an issue at one of its depots in the state.
“It is an arbitrary order capable of undermining the operational independence of the NNPCL. By this order, Mr. President has wrested control of the finances of the NNPCL and donated the same to the Federal Ministry of Finance and the Central Bank of Nigeria. This is an unprecedented act, without any legal or ethical basis. It is also a violation of the principle of due process in public administration”
President Bola Tinubu has approved the handing over by the Nigeria National Petroleum Company Ltd (NNPCL) of revenue from sales of crude oil to the Central Bank of Nigeria (CBN).
The cost of crude oil, the exchange rate of the Dollar to the Naira, and government interventions (i.e., subsidies, taxes, levies, etc.) are the biggest factors in determining the price of petrol, diesel, kerosene, and other petroleum products to the consumer.
The Dangote Refinery and Petrochemical Company, world’s largest single-train refinery, has confirmed it would receive the shipments of the fifth and sixth crude oil from the Nigerian National Petroleum Company (NNPCL) on Thursday and Saturday this week.
The Nigerian National Petroleum Company Limited (NNPCL) has supplied another one million barrel of crude oil to Dangote Refinery for commencement of production.
The Nigerian National Petroleum Company Limited (NNPCL) has commenced the supply of crude oil for the test-running of the Port Harcourt Refining Company Limited.
The Nigerian National Petroleum Company Ltd. (NNPCL) has said that the projections on crude oil production and price benchmark as contained in the 2024 budget are not only realistic but also realisable.