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 …

The richest man in Africa, Alhaji Aliko Dangote, stirred the hornet’s nest recently when he accused the International Oil Companies (IOCs) operating in Nigeria of sabotaging his efforts to put an end to the embarrassing, ridiculous and neck-breaking importation of refined fuel products by Nigeria. Although Dangote exonerated the NNPC Limited (NNPCL) from the alleged conspiracy, it should be obvious …

A total of 2,659 members of the National Youth Service Corps (NYSC) across Nigeria have been pre-qualified for the final phase of the NNPCL Foundation Business Pitching Exercise. Billed to hold from 2nd to 10th July 2024, the exercise is an integral part of the NNPCL Foundation’s Financial Literacy Program for Nigerian youths that witnessed the engagement of over 284,000 …

The delivery date for the completion of the $700 million Obiafu-Obrikom-Oben gas pipeline project, popularly called OB3, has been shifted from March 2024 to August, as the Nigerian National Petroleum Company Limited (NNPCL) announced its readiness to complete the facility. On 28 February 2024, the Federal Government had declared that the project would be completed in March this year, a …

NNPC Limited (NNPCL) has refuted media reports alleging that it inflated the ubsidy payments by N3.3 trillion. A report claimed that a forensic audit conducted by a global accounting firm, KPMG had uncovered a significant discrepancy in the fuel subsidy claims made by the national oil company. According to a report by iWitnessLive, the audit revealed that NNPCL inflated its …