“In any case, if the Dangote refinery is unable to meet local demand, the gap can be filled by imports, these people in NNPC do not want to end their lucrative subsidy scam, and I don’t think they will end it.
Browsing: NNPCL
“Protecting significant investments like Dangote’s is essential to attract FDI and drive our economic growth,” the tweet reads.
Then Dangote refinery happened. It has, they said, the capacity to refine 650,000bpd, more than what we consume daily. I just listened to the head of NMDPRA over BBC Hausa Service, saying—and sounding innocent—that Dangote wants monopoly but it is the duty of his organization to guard the interests of Nigerians. “How can you go to the market and be forced to buy from just one trader?” he asked.
Brentex has completed so far, over 80% of actual pipeline construction works, including crossings, and that it is working with NNPCL (Owner), barring any challenge, to deliver all the stations, by the first quarter of 2025, except 2 Terminal Gas Stations (TGS), which are under descope conversation between Owner and BCL.
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.
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.