In his inaugural address on Monday, President Bola Tinubu announced the end of fuel subsidy as it would no longer be an item on the budget. On Wednesday, Government announced a drastic rise in the prices of petrol from 185 to up to 557 Naira a litre depending on location. It was a shock to the Nation and immediately, labour was up in arms demanding for a complete withdrawal. The shock was due to expectations based on government announcements that palliatives would be negotiated and offered to poor Nigerians who would be impacted negatively by the new prices expected to come into effect in July this year.
Browsing: NNPCL
The Nigerian National Petroleum Company Limited (NNPCL) has said that the newly commissioned Maiduguri Emergency Power Plant (MEPP) project is a giant step towards achieving the company’s gas and power mandate to add 50MW into the national grid generation.
The construction of the Oloibiri Oil Museum in Bayelsa State will gulp N117 billion, the Federal Executive Council (FEC) has approved.
President Muhammadu Buhari has approved the constitution of a 14-man Steering Committee on Petroleum Products Supply and Distribution management to find lasting solution to disruptions in the supply and distribution of petroleum products.
ASHENEWS reports that Senator Ararume had challenged President Muhammadu Buhari in court for removing him as the board chairman of…
“We insisted that the fuel distribution must improve and all challenges eliminated in 48hours and after 48hrs, we will as…
The Nigerian National Petroleum Company Limited (NNPC Ltd) says it has two billion litres of Premium Motor Spirit (PMS) in…
An independent petroleum products marketer, Mr Mike Osatuyi, says the only realistic pump price of petrol is between N200 and…
The Major Oil Marketers Association of Nigeria (MOMAN) has lauded the acquisition of OVH Energy Marketing Ltd. by the Nigerian…