“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
FG denies asking NNPC to hike price of petrol to N1000 per litre …C0NTINUE READING HERE >>> Senator Heineken Lokpobiri, Minister of State Petroleum Resources (Oil) has said that no directive was issued to the Nigerian National Petroleum Company (NNPC) Limited to increase petroleum prices to N1,000. Lokpobiri in a statement on Tuesday issued by … Read more
BREAKING: Our petrol will be out in filling stations in next 48 hours – Aliko Dangote …C0NTINUE READING HERE >>> Founder, Chairman and Chief Executive Officer (CEO) of Dangote Group, Aliko Dangote has disclosed that petrol from the Dangote Refinery will be out in filling stations across the country in the next 48 hours. TheNewsGuru.com … Read more
Fuel scarcity: Issues behind looming petrol price hike …C0NTINUE READING HERE >>> On Sunday, 1st of September 2024, the Nigerian National Petroleum Company (NNPC) Limited prepared Nigerians for sleepless nights after releasing a terse statement conceding financial constraints, and as a result, cannot guarantee sustainable fuel supply across the country. Advertisement The statement released by … Read more
BREAKING: Fuel price hike looms as NNPC admits financial strain …C0NTINUE READING HERE >>> The Nigerian National Petroleum Company (NNPC) Limited has admitted to facing financial strain due to the cost of supplying Premium Motor Spirit (PMS), popularly known as fuel or petrol. TheNewsGuru.com (TNG) reports Olufemi Soneye, Chief Corporate Communications Officer of NNPC Limited … Read more
NNPC Limited’s new nomenclature for subsidy – By Pius Mordi …C0NTINUE READING HERE >>> By Pius Mordi When Muhammadu Buhari became president in 2015 he told Nigerians that subsidy for which Goodluck Jonathan was vilified when he sought a marginal increase in petrol pump price had been removed and effected a significant price increase, it … Read more
It is not subsidy, it is importation shortfall – NNPCL opens up …C0NTINUE READING HERE >>> The Nigerian National Petroleum Company Limited (NNPC Limited) has disclosed it has not paid fuel subsidy to anybody in the last nine months. TheNewsGuru.com (TNG) reports Chief Financial Officer of NNPC Limited, Alhaji Umar Ajiya made the disclosure on … Read more
NNPC releases 2023 Audited Financial Statement …C0NTINUE READING HERE >>> The NNPC Limited has released its 2023 Audited Financial Statement (AFS), declaring a net profit of N3.297 trillion at the close of the financial year which ended in December 2023, an increase of over N700 billion (28%) when compared to the 2022 profit of N2.548 … Read more