NNPC truck driver arrested for diverting 10,000 litres fuel …C0NTINUE READING HERE >>> The Nigeria Security and Civil Defence Corps (NSCDC), Osun Command, has arrested a Nigerian National Petroleum Company Limited (NNPCL) truck driver, Afeez Adegbola, for allegedly diverting 10,000 litres of petrol belonging to the company. Mr Igbalawole Sotiyo, the state Commandant … Read more
Petrol supply: IPMAN seeks independence from NNPC’s monopoly …C0NTINUE READING HERE >>> The Independent Petroleum Marketers Association of Nigeria (IPMAN) has urged the Federal Government to allow its members to source direct supply of petroleum products to ease the pressure in the sector. Mr Chinedu Anyaso, Chairman of IPMAN, Enugu Depot in charge … Read more
Why Nigeria is due for new Constitution – Anglican Primate …C0NTINUE READING HERE >>> Archbishop Henry Ndakuba, the Primate of the Church of Nigeria, Anglican Communion, has said Nigeria is due for a new Constitution, which he stressed should be made by the sovereign assembly of the people of the nation to replace the current … Read more
Only NNPC will buy Dangote petrol – Minister of Finance …C0NTINUE READING HERE >>> The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun has revealed that only the Nigerian National Petroleum Company (NNPC) Limited will buy the Premium Motor Spirit (PMS) produced by the Dangote Refinery. Advertisement TheNewsGuru.com (TNG) reports Edun … Read more
N100 million fraud: EFCC arraigns fake NNPC Director …C0NTINUE READING HERE >>> The Kaduna Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) has arraigned one Ibrahim Nuhu Shuaibu before Justice Darius Khobo of the Kaduna State High Court, sitting in Kaduna State for fraud. Advertisement Shuaibu is being prosecuted on a seven-count charge … Read more
NNPC: From monopoly to monopsony – By Etim Etim …C0NTINUE READING HERE >>> By Etim Etim Very few business organizations are as lucky as NNPCL, Nigeria’s state-owned oil company, founded over 50 years ago. Since its founding, the corporation has consistently failed to perform its basic functions and meet its organizational objectives; and rather than … Read more
JUST IN: NNPC opens up on when Dangote petrol will be available …C0NTINUE READING HERE >>> The Nigerian National Petroleum Company (NNPC) Limited has disclosed that it is awaiting the timeline provided by Dangote Refinery to make its petrol available for Nigerians. Advertisement TheNewsGuru.com (TNG) reports Executive Vice President of Downstream, NNPC Limited, Mr. Adedapo … Read more
“I’m loyal, sir” – By Pius Mordi …C0NTINUE READING HERE >>> By Pius Mordi These are unusual times for Nigerians. Having been reduced to the nadir of multi-dimensional poverty, the government now holds the key to healthy living. It no longer matters if there is paid employment or a thriving business. Its either you are … Read more
Motorists, commuters, traders react over new price of petrol …C0NTINUE READING HERE >>> The Nigerian National Petroleum Company Ltd. (NNPCL) has increased the price of petrol from N585 to between N855 and N890 per litre. Correspondents, who monitored the situation in Lagos metropolis, observed that in the midst of ongoing fuel shortages and crises, marketers … Read more
Why NNPCL’s decision to lease instead of sell refineries spells doom – By Magnus Onyibe …C0NTINUE READING HERE >>> For a long time, I have advocated for the federal government to privatize the oil and gas sector, which has been tightly controlled since oil was first discovered in commercial quantities in 1956 in Oloibiri, now … Read more