Relief as NNPCL secures a $3 billion loan to stabilize the Naira

The Nigerian National Petroleum Company (NNPC) Limited has secured a $3 billion Emergency Crude Repayment Loan from African Export-Import Bank (AFREXIM) Bank.

Why fuel pump price rose to N617/litre — NNPCL

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, has attributed the rise in petrol pump prices in Nigeria to market forces.

Anxiety as fuel price hits N617 per litre

The price of Petrol has increased to about N617 per litre. Fuel stations operated by NNPC have adjusted their fuel price from N539 to N617 per litre.

Petrol Price Crashes In Depots Due To Low Patronage

Private depots at the weekend crashed the price of Premium Motor Spirit (PMS) to N495 – N496 per litre from N502 to N503/litre.

NNPC Limited says fuel subsidy now above N400bn monthly

The Nigerian National Petroleum Company Ltd., NNPCL, on Friday disclosed that the amount being spent as subsidy on Premium Motor Spirit (PMS), popularly called petrol, has crossed N400 billion monthly.

Petrol marketers IPMAN order nationwide shutdown

The Independent Petroleum Marketers Association of Nigeria, IPMAN, has ordered its members to suspend all operations nationwide.

Coalition of Transporters threaten protest at NNPC headquarters in Abuja over prolonged fuel scarcity

The Coalition of Transporters has threatened to picket headquarters of the Nigeria National Petroleum Company Limited (NNPCL) over fuel scarcity.

FG blames fuel scarcity on cross-border smugglers, says over 1.6bn litres available

The federal government has blamed cross-border smugglers for the persistent nationwide fuel scarcity.

Former Emir of Kano, Sanusi calls for disbandment of nonperforming NNPC

Alhaji Muhammad Sanusi II, former Emir of Kano, has called for the disbandment of Nigerian National Petroleum Company Limited (NNPCL).

Muhammad Sanusi II, who was the guest speaker at the 7th Kaduna Investment Summit held at the Murtala Muhammed Square on Saturday, noted that the company should have been much better than it is, but unfortunately, it has become a money pit instead of a cash cow.

Tragedy as explosion kills seven at Benin River Valve Station

The Nigerian National Petroleum Corporation (NNPC) has reported an explosion incident which occurred at Gbetiokun, OML 40 and operated by the Nigerian Petroleum Development Company (NPDC), on behalf of the NPDC/Elcrest Joint Venture leading to the death of seven people .

JUST IN: Immediate past GMD of NNPC Maikanti Baru dies age 60

Nigeria - Former group managing director of the Nigerian National Petroleum Corporation Maikanti Baru is dead.

Some relief as NNPC reduces ex-depot price of petrol to N108 per litre

The Nigerian National Petroleum Corporation (NNPC) has announced a downward review of the ex-depot price of petrol from N113.28 per litre to N108 per litre.

JUST IN: Fire razes Lagos NNPC mega station

Nigeria - The Nigerian National Petroleum Corporation (NNPC) mega station at College road Ogba, Lagos is on fire.

NNPC confirms COVID-19 case in its Abuja estate, dismisses claims of mass outbreak

The Nigerian National Petroleum Corporation (NNPC) has confirmed a case of COVID-19 that was recorded in an apartment at the Corporation's estate in the Garki Area of Abuja, the Federal Capital Territory (FCT).

Really? NNPC GMD Baru reveals how 148,533,000 million litres of fuel disappeared from Nigeria in December

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru said 4501 petrol tankers disappeared into thin air during the biting fuel supply crisis.

He said the tankers were simply untraceable, vanishing from the Nigerian radar.

Kachikwu declares: Petrol price remains N145 per litre, do not politicise fuel scarcity issue

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, on Friday in Abuja said petrol price remains N145 per litre, pleading that the issue should not be politicised.

Kachikwu, who said this at a news conference, said President Muhammadu Buhari’s stand on the issue was clear, hence, the ministry was working hard to resolve future occurrence of fuel shortages.

Iheanacho reveals how NNPC allegedly caused fuel scarcity in Nigeria

An oil and gas merchant, Capt. Emmanuel Iheanacho, has attributed the persistent scarcity of petrol to monopoly of the product by the Nigerian National Petroleum Corporation (NNPC).

Iheanacho, also the Chairman, Integrated Oil and Gas Ltd., told the News Agency of Nigeria (NAN) in Lagos on Tuesday that the inability of NNPC to create a window for private importers to import petrol also contributed to the scarcity.

‘My petition against NNPC boss, Maikanti Baru, wasn’t about fraud, it was misunderstood’ Kachikwu says

Nigeria - Minister of State for Petroleum Resources, Ibe Kachikwu, yesterday spoke for the first time about his meeting with President Buhari on his petition against the group managing director of NNPC, Maikanti Baru. 

Recall that Kachikwu in a petition dated August 30th addressed to President Buhari, accused Baru of insubordination and awarding a $25billion contract without due process. On October 6th, President Buhari had a meeting with Kachikwu over the petition and after the meeting, the Minister refused to disclose to state house correspondents the outcome of the meeting.

NNPC shuts Kaduna, Warri refineries over operation costs, TAM

Nigeria - The Nigerian National Petroleum Corporation (NNPC) has indefinitely shut down two of the nation’s three refineries due to increase in their operation costs and several maintenance interventions. 

A top official of the corporation told Daily Trust, yesterday, that Kaduna and Warri refineries had been down in July and yet to resume production till date. 

KABOOM!!! Trouble for Kachikwu as Presidency backs NNPC boss Baru

Nigeria - Minister of State for Petroleum Resources Ibe Kachikwu’s future was hanging in the balance yesterday.

President Muhammadu Buhari is said to be weighing options on Dr Kachikwu’s fate, following his allegations against Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru.