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.
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ASHENEWS reports that the Nigeria National Petroleum Company Limited (NNPCL), and Aiteo Joint venture have introduced a new Nembe Crude Oil Grade, into the international crude oil market.
Having read a story credited to a so-called group of lawyers, which styles itself as Coalition of Nigerian Legal Practitioners, under the above title, which was published in an online news medium on Tuesday, October 31, 2023, we are compelled to make the following statements, clarifications, and disavowals in ripostes.
The members voted against the motion on Wednesday after the Deputy Speaker, Benjamin Kalu who presided over plenary, questioned if it was in the place of the House to take such a position since pump price is controlled by the market forces.
ASHENEWS reports that the Nigeria Union of Journalists (NUJ), has said that it is an over-kill for the Nigeria National Petroleum Company (NNPCL) to suddenly increase the pump price of Premium Motor Spirit (PMS), commonly known as petrol.
The price of Petrol at filling stations in Abuja has increased to N617 per liter, Daily Trust has reported.
Nigeria’s Senate has constituted an ad hoc committee to investigate the fuel subsidy regime of the Nigerian National Petroleum Company Limited (NNPCL).
The National President of Heavy Duty Truck Drivers Association, Mr. Uche Nebuwa, says there will be no remedy to the hike in pump price of fuel caused by subsidy removal unless old refineries are repaired.
The four tripartite MoUs were signed between the Nigerian National Petroleum Company Limited (NNPC) and the Office National des Hydrocarbures et des Mines (ONHYM) of Morocco on one hand, and the Société Nationale des Opérations Pétrolières of Cote d’Ivoire (PETROCI), the National Oil Company of Liberia (NOCAL), the Société Nationale des Hydrocarbures of Benin (SNH-Benin), and the Société Nationale des Pétroles of the Republic of Guinea (SONAP) on the other hand, Garba Deen Muhammad, the Chief Corporate Communications Officer of the NNPC Limited, said in a statement.
ASHENEWS reports that the former Deputy National Publicity Secretary of the All Progressives Congress (APC), Timi Frank, has called on the Department of State Services (DSS) to arrest and prosecute Chief Executive Officers of Ministries, Departments and Agencies (MDAs), known to have abused their offices through corrupt tendencies under ex-President Muhammadu Buhari.