NNPC Limited (NNPCL) has stated that its Group Chief Executive Officer (GCEO), Mallam Mele Kyari is not responsible for the hike in the prices of the Premium Motor Spirit (PMS), popularly known as petrol. On Tuesday, some protesters stormed Abuja headquarters of the oil giant, demanding Kyari’s resignation over the increase in the prices of petrol nationwide. Reacting to the …

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has said that Dangote Petroleum Refinery is inconsiderate for selling petrol at N990/litre, stressing that the company enjoyed massive concessions while accessing foreign exchange during its construction. PETROAN also insisted that imported petrol was cheaper than the N990/litre price of Dangote petrol. Major marketers recently revealed that the landing cost …

Scores of youths stormed the headquarters of the Nigerian National Petroleum Company Limited (NNPCL) on Monday, demanding the immediate resignation of the Group Chief Executive Officer of the company, Mele Kyari. The protesters, led by some Civil Society Organisations (CSOs) described Kyari’s leadership as incompetent, citing skyrocketing fuel prices, endless fuel queues, and economic hardship in Nigeria. The protesters carrying …

A Director at FaLGates Food, Air Commodore Iliyasu Yahaya (rtd.) has said that, for Nigeria to have food security, national security should first be in place to protect farmers against all threats of insecurity. At the second Annual Distributors and Suppliers’ conference and the launch of FaLRice, held in Kaduna at the weekend, Yahaya said that, while it is not the …

Polaris Bank’s commitment to digital innovation and excellence has once again been recognised, with the ‘Best Mobile App’ award for its renowned digital banking platform, VULTe. The bank got the recognition at the Digital Jurist Awards last Thursday in Lagos. The honour came less than a week after Polaris Bank was named ‘Nigeria’s Digital Bank of the Year’ for the …

Dangote Refinery has disclosed the price of its petrol, saying that it sells at N990 per litre in trucks and N960 per litre into ships. The disclosure follows the Independent Petroleum Marketers Association of Nigeria (IPMAN) and Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) claim of importing the products at cheaper rates compared to that of Dangote. In …

The Independent Media and Policy Initiative (IMPI) has said that, contrary to suggestions in a section of the media, the economic reforms of the Bola Tinubu administration are based on a clear plan to steer the country away from the tragic path of another oil-rich country, Venezuela. In a statement on Sunday, IMPI’s Chairman, Dr. Niyi Akinsiju said that the …

The dedication of the Nigerian Upstream Petroleum Regulatory (NUPRC) to fostering a favourable business environment has continued to attract huge investments in the oil and gas industry as TotalEnergies has committed to multi-billion-dollar investments and participation in the next bid round. During a meeting at the commission’s headquarters in Abuja on Friday, President/Chief Executive Officer of TotalEnergies Worldwide, Mr. Patrick …

Oil marketers, on Friday, revealed that the price of Premium Motor Spirit (PMS), popularly called petrol, produced by the Dangote Petroleum Refinery was between N1,015 and N1,028/litre depending on the quantity being purchased. Based on this, the dealers vowed to import the commodity and sell it below the Dangote refinery price as well as the price being sold by NNPC …

The Managing Director and Trade Commissioner of the Japan External Trade Organisation, Takeshi Oku, has stated that Nigeria is still a destination for Japanese investment despite the harsh business terrain. Speaking on the sidelines of the opening ceremony of the Lagos International Trade Fair on Friday, Oku said some Japanese companies have a long history in the Nigerian market, adding …