Business

WHAT NIGERIANS DON’T KNOW ABOUT TINUBU’/OANDO OIL.DEAL, BY IFEANYI IZEZEAlso, how do you explain that barely few months from the announced acquisition of all Agip’s onshore assets by Tinubu’s Oando, the federal government is coming out to announce to us that all contentious issues around OPL 245, Nigeria’s most lucrative deep offshore oil acreage has been resolved and lease handed …

FG CAN,’T FIX PRICE OF PETROL – MINISTER The federal government of Nigeria has no hand in fixing the price of petrol in the country.This was disclosed by the Minister of State for Petroleum Resources, Heineken Lokpobiri after meeting the Vice President, Kashim Shettima President Bola Tinubu had mandated the Vice President, Kashim Shettima to convene a high-level meeting aimed …

NNPCL YET TO LIFT PETROL FROM DANGOTE REFINERY – SPOKESMAN Dangote Group on Thursday denied reports that the Nigerian National Petroleum Company Limited, NNPCL, has started lifting fuel from its refinery. It was reported that NNPCL lifted petrol from Dangote Refinery and sold it for N897 per liter to Nigerians. The report comes amid the declaration by the Chairman of …

EHY NIGERIA RECEIVES MORE FUND FROM OUR FOUNDATION -; BILL GATES Bill Gates, the Co-chair of the Bill and Melinda Gates Foundation, has explained why Nigeria receives the largest share of intervention funds allocated by the foundation in Africa. Gates made this statement during an interview with selected journalists on the sidelines of the 2024 NutriVision Dialogue on Tuesday in …

NNPC REACH ACCORD WITH DANGOTE REFINERY TO SELL CRUDE OIL IN NAIRA The Nigerian National Petroleum Company Limited, NNPCL, has reached an agreement to sell crude oil to Dangote Petroleum Refinery in Naira. The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, made this confirmation on Tuesday via its X handle, @NMDPRA_Official. According to NMDPRA, the NNPCL reached an agreement …

NNPC SPOKESMAN KEEPS MUM AS PETROL PUMP PRICE IS ADJUSTED TO N855 PER LITRE There are strong indications that the Nigerian National Petroleum Company Limited 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 …

NNPC TO BECOME SOLE BUYER OF PETROL FROM DANGOTE REFINERYThe Nigerian National Petroleum Company (NNPC) Limited is set to become the “initial exclusive buyer” of products from the Dangote Refinery as the 650,000 barrel per day plant begins processing of premium motor spirit (PMS) also known as petroleum, report has indicated.This is coming amidst the worsening fuel supply in Nigeria …

MINISTER DIRECTS NNPCL TO SELL PMS ABOVE N1000 The Minister of State for Petroleum Resources, Heineken Lokpobiri has directed that the Nigerian National Petroleum Company Limited(NNPCL) must sell petrol above the landing cost, which currently stands at N1,117 per litre, to prevent the smuggling of the products to neighbouring countries. Lokpobiri who disclosed this in Abuja, adding that security agencies …

PETER OBI DECRIES PERSISTENT FUEL SCARCITY, DEMANDS TRANSPARENCY IN NNPC OPERATIONS Former presidential candidate, Peter Obi, has called out the Bola Ahmed Tinubu-led government over the persistent fuel scarcity and conflicting reports on subsidy payments. In a statement on social media, Obi, the Labour Party’s flagbearer in the 2023 election, demanded transparency in the operations of the Nigerian National Petroleum …

ATIKU DEMANDS IMMEDIATE LISTING OF NNPCL IN STOCK EXCHANGE Former vice president, Atiku Abubakar, has called for the immediate listing of the Nigerian National Petroleum Corporation Limited (NNPCL) on the stock exchange in line with the Petroleum Industry Act. Atiku in a statement signed by his spokesperson, Paul Ibe, said this in reaction to the decision of the NNPCL to …