NNPC

Oil marketers told our correspondent that the landing cost of petrol in Q2 2019 was between N170 and N200 per litre, as they explained that the fluctuation was due to the changes in global crude oil prices.
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He noted that due to the security challenges in the Chad Basin, Gongola and Benue Trough, the NNPC had not been able to mobilize fully to those areas of its important operations.
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Kyari said the pump price of PMS otherwise known as petrol in Nigeria was over 70 per cent less the price of N350, per litre in the neighbouring countries where the products were being smuggled to for higher profits.
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Kayode Fayemi, chairman of the Nigeria Governors’ Forum (NGF), made the demand when he led a delegation to Mele Kyari, the new group managing director of the corporation.
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Mr. Mele Kolo Kyari who hails from Borno State, North-East Nigeria will take over from Dr. Maikanti Baru.
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IYC President, Pereotubo R. Oweilaemi, who made this call in a release issued on Sunday, said that not more than ten persons from Bayelsa, Delta and Rivers States put together were shortlisted, while states in the Northern and Western parts…
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The Nigerian National Petroleum Corporation (NNPC) has said that it currently spends N774m daily as subsidy on the 50 million litres of Premium Motor Spirit consumed across the country everyday.
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The Senate on Tuesday mandated its Committee on Public Accounts to investigate the rationale behind a security account allegedly operated by the Nigerian National Petroleum Corporation (NNPC) and Nigerian Agip Oil Company.
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The account of the Nigerian National Petroleum Corporation (NNPC) is increasingly over-burdened as the landing cost of Premium Motor Spirit (PMS), otherwise called petrol, has risen following the recent surge in global oil price, analysts…
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Fuel scarcity is fast spreading across the states resulting in long queues at filling stations, even as the price of the commodity soared to between N160 - N180 per litre, Daily Trust findings revealed.
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