The Dangote refinery may resort to exporting its Premium Motor Spirit (petrol) following the refusal of the NNPC Limited (NNPCL) to be the sole buyer of its product. In a statement on Saturday by its spokesman, Mr. Olufemi Soneye, NNPC said that it would not buy Dangote fuel unless it was cheaper than that of the international market. This is …

The Nigerian National Petroleum Company Limited (NNPCL) has denied claims that it is responsible for the recent hike in Premium Motor Spirit, commonly called petrol, in the country. The company said the pricing of petroleum products from any refinery, including the Dangote Refinery Ltd, is determined by global market forces, stating that there is no guarantee of lower prices associated …

Traders and commuters in Kano metropolis have expressed worry over the recent hike in the pump price of Premium Motor Spirit (PMS). The News Agency of Nigeria (NAN) reports that NNPCL Retail Management had on Tuesday approved an upward review of the pump price from N617 per litre to N897 litre, effective from 3 September This is amid economic hardship …

There are strong indications that the Nigerian National Petroleum Company Limited (NNPCL) has directed its retail outlets to raise the pump price of petrol to N855 per litre. Nigerians woke up on Tuesday to find a change in pump prices, rising from around N600 to N855 per litre. Sources informed our The PUNCH that there was a directive for retail …

The Dangote Petroleum Refinery is set to roll out the sale of Premium Motor Spirit (PMS), otherwise known as petrol, according to The PUNCH. This is coming a few days after the 650,000-capacity refinery engaged in a test-run of the product. Industry sources confirmed to The PUNCH that the product would hit the market soon. The sources, who pleaded anonymity, …

Unified Nigerian Youth Forum (UNYF), a prominent civil society organization, has described individuals and groups calling for an independent leadership and the sack of the Nigerian National Petroleum Company Limited (NNPCL) CEO, Mele Kyari, as enemies of Nigeria. This is as the group stated that the public disclosure of NNPCL net profit to a tune of N3.297 trillion for the …

The Minister of Finance and the coordinating of the Economy, Wale Edun, has initiated a high-level stakeholder meeting to implement President Bola Tinubu’s directive for the Nigerian National Petroleum Corporation Limited (NNPCL) to sell crude oil to local refineries in Naira. The meeting involving the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, Group Chief Executive Officer of …

As the scarcity of petrol worsens in Lagos and the Federal Capital Territory, the Nigerian National Petroleum Company Limited (NNPCL) and oil marketers have blamed the development on a disruption of supply at key depots in the two cities. Sunday PUNCH reports that some oil marketers and transporters in the two cities reduced the number of trucks they sent out …

When two elephants fight, the grass, they say, suffers. But when cabals fight, and fight dirty like the NNPCL and Aliko Dangote are doing, what happens? Dogs eat dogs and chickens gnaw at each other’s intestines. Can of worms explode in the open and cupboards full of skeletons, hitherto securely locked, are forced open. For instance, Dangote alleged that his …

Without moving his body, African Development Bank (AfDB) President, Akinwumi Adesina watlzed his tall frame in a dance last week. He danced to the rhythm of Gwo Gwo Gwo Ngwo of Gentleman Mike Ejeagha’s trending song track, Ka Esi Le Onye Isi Oche. A rhythmic refrain track from an album titled Akuko N’Egwu Vol. 1., Ka Esi… has a lot …