NNPC Limited (NNPCL) began offloading 240 million litres of Premium Motor Spirit (otherwise called petrol) on Monday, as it stepped up efforts to tackle the worsening nationwide petrol scarcity. But filling stations in various locations sold the product at an average price of N800 per litre. According to The PUNCH, the South-West Regional Coordinator of the Nigerian Midstream and Downstream …

The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the nnpc Limited over the “failure to account for and explain the whereabouts of the alleged missing $2.04 billion and N164 billion oil revenues”. According to SERAP, this followed the allegations documented in the recently published 2020 audited report by the Auditor-General of the Federation that NNPCL failed …

Petrol shortages facing Abuja and neighbouring states intensified yesterday as more stations ran out of the product leaving commuters and motorists struggling to go about their daily business. Chaos reigned at few filling stations dispensing the product with black marketers hiking petrol price to N1,500 per litre from N1,000 per litre sold the previous day. Checks around the city showed that …

Group Chief Executive Officer (GCEO) of NNPC Limited, Mallam Mele Kyari has been honoured with the Energy Times’ GCEO of the Year Award in recognition of his commitment to accountability, transparency, and performance excellence. The company’s Chief Corporate Communications, Mr. Olufemi Soneye received the award on behalf of the NNPC boss, in a ceremony held at the Eko Hotel & …

The Nigerian National Petroleum Company Limited (NNPC Ltd) and its Joint Venture partner in OML 85, First Exploration and Petroleum Development Company Limited (First E&P), have commenced oil production from the asset also known as Madu Field. Production from the field which is located in shallow waters offshore Bayelsa State and operated by First E&P is expected to be at …

The Senate is probing the financial records of 774 federal agencies including the Nigerian National Petroleum Corporation Limited (NNPCL), and the Nigerian Maritime Administration and Safety Agency (NIMASA), based on the queries raised against them in the 2019 report of the Auditor General for the Federation. The Chairman of the Senate Public Account Committee, Aliyu Wadada, disclosed this on Friday …

Petroleum marketers say the non-availability of Premium Motor Spirit in filling stations located in Lagos and Ogun states is as a result of a shortage in supply. Similarly, the Nigerian National Petroleum Company Limited (NNPCL) confirmed that there were no products in its Apapa depots. Saturday PUNCH reports that long queues resurfaced in filling stations across the two states on …

In an article I wrote some months ago titled, ‘Opportunists, Scavengers and the Attacks on Mele Kyari’, I drew attention to a coordinated attack on the Group Chief Executive Officer of NNPCL Limited, Malam Mele Kyari. At the time, an anti-Kyari campaign had been initiated in the media by certain individuals whose aim was to get the helmsman relieved of …

NNPC Limited on Thursday said it was not planning to increase the cost of Premium Motor Spirit (PMS), popularly known as petrol. In a statement by its Chief Corporate Communications Officer, Mr. Olufemi Soneye, NNPCL urged Nigerians against panic buying of petrol. The statement read: “NNPC Ltd. urges Nigerians to disregard unfounded rumours and assures them that there are no …

This has nothing to do with the slugfest in Côte d’Ivoire, where Nigeria’s Super Eagles seem airborne. With the exploits of gangling Victor Osimhen and the dribbling wizardry of diminutive Moses Simon, we can only hope that the sing-song endures. The team that started like a stutter seems to be hitting its stride like an elocution. Football duels tempt miracles …