Tag: NNPC

No more price band, marketers now free to fix petrol price – FG

THE Federal Government on Tuesday says major and independent marketers are now free to fix the retail price of the Premium Motor Spirit (PMS) known as petrol. Abdulkadir Saidu, Executive…

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Fuel Price Hike: Where Are 2012 Activists in 2020?

On September 2, an announcement was made to the public that the pump price of premium motor spirit (PMS), otherwise known as petrol, had been increased to N151.56 per litre.…

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Nigeian Refineries idle for 12 months,accrue N142bn expenses

The nation’s refineries did not refine a barrel of crude oil in the 12 months to June this year but incurred a combined operating expense of N142.07bn, the latest data…

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NNPC rakes $4.6b from crude oil exports in 13 months

The Nigerian National Petroleum Corporation (NNPC), has disclosed that it raked in $4.6 billion as revenue from total crude oil and gas export receipts between June 2019 to June 2020.…

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In 13 Months, Nigerians spend N2.37tn on petrol ,says NNPC

In 13 months, Nigerians spent N2.37tn on petrol imported into the country by the Nigerian National Petroleum Corporation, data released by the corporation has shown. The corporation said that its…

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PPMC increases fuel pump price to N138.62 per litre,Kerosene to sell at N160

Petroleum Products Marketing Company, PPMC, a subsidiary of the NNPC has increased the retail pump price for petrol to N138.62 for August. The PPMC announced this in a statement viewed by Nairametrics…

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NNPC Signs $1.5bn oil-for-loan prepayment deal with traders

The Nigerian National Petroleum Corporation has signed a $1.5bn prepayment deal led by Standard Chartered and backed by two oil traders, Vitol Group and Matrix Energy, Reuters reported on Tuesday.…

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In April, NNPC Spends N10bn on Refineries in Coma

  Despite not processing petroleum products for years, the federal government has continued to spend hugely on the nation’s three petroleum refineries. NNPC, in a full report of its operations…

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NUPENG, PENGASSAN : NNPC sacked 850 refinery workers for demanding terminal benefits

The Nigeria Union of Petroleum and Natural Gas Workers and the Petroleum and Natural Gas Senior Staff Association said on Monday that the Nigerian National Petroleum Corporation had sacked 850…

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Retired NNPC staff drag cooperative to court

Some retired workers of the Nigerian National Petroleum Corporation have sued the NNPC Staff Multipurpose Cooperative Society, Abuja, and 18 others for N100m over the conduct of the election into…

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