Marketers to Resume Fuel Importation – Thisday
January 8, 2010 by Bunmi Awolusi · Comments Off
Indications that the current fuel scarcity being experienced in the country in the past seven weeks would soon fizzle out emerged yesterday as marketers agreed to resume full importation of fuel, after the government agreed to pay all their outstanding claims on subsidy.
Fuel scarcity persists, sells for N100 per litre – The Guardian
January 6, 2010 by Bunmi Awolusi · Comments Off
Nigerians continued yesterday to live under the hobbling impact of fuel scarcity as the product still sold for N100 instead of the official N65.
The development made the Lagos Chamber of Commerce and Industry (LCCI) to call on the Nigerian National Petroleum Corporation (NNPC) to disengage completely from retailing petroleum products.
NNPC pumps in 18m litres petrol from Ore – The Nation
January 5, 2010 by Bunmi Awolusi · Comments Off
The Nigerian National Petroleum Corporation (NNPC) has ordered about 18 million litres of petroleum products from its depot at Ore, Ondo State, to stem fuel scarcity.
The action, it said in Abuja yesterday, is to ensure adequate supply of petrol to motorists.
Ministers, others face sanctions over 6,000mw target flop – The Guardian
January 5, 2010 by Bunmi Awolusi · Comments Off
If indications from Abuja are anything to go by, some heads may roll over the Federal Government’s embarrassing failure to meet its last December target of 6,000 megawatts of electricity generation.
Expectedly, palpable fear now rules in the power sector. And the beleaguered petroleum sector remains as controversial as ever, with the Nigerian National Petroleum Corporation (NNPC) denying allegations of owing petroleum products importers.
Fuel scarcity spreads, transport fares hiked – Tribune
December 18, 2009 by Bunmi Awolusi · Comments Off
Despite repeated reassurances from the Nigerian National Petroleum Corporation (NNPC) that the current fuel scarcity which has hit some states across the federation would soon end, the situation seems only to be worsening, as the price of fuel continues to soar with transport fares increased astronomically.
NNPC moves to stem fuel scarcity – Daily Trust
December 17, 2009 by Bunmi Awolusi · Comments Off
The Nigerian National Petroleum Corporation (NNPC) says it has directed the Pipeline and Products Marketing Company (PPMC) to increase the tempo of activities in the importation and distribution of petroleum products as a way of arresting the spate of perennial scarcity of fuel currently being witnessed in the country.
MDAs divert N3.3tr, says Reps panel – The Guardian
November 24, 2009 by Bunmi Awolusi · Comments Off
The House of Representatives committee on finance which investigated revenue collection by ministries, departments and agencies (MDAs) has come up with a damning report which showed that a total sum N3.3trillion generated by them was not remitted to government coffers.
Reps list conditions for deregulation – The Guardian
November 18, 2009 by Bunmi Awolusi · Comments Off
The House of Representatives yesterday, in principle, accepted the proposed deregulation of the downstream sector of the oil industry. It advised that steps should be taken to cushion its negative effects while due process should be followed.
Relocate NNPC HQ to N-Delta, Amaechi urges FG – Vanguard
November 16, 2009 by Bunmi Awolusi · Comments Off
The Federal Government has been urged to relocate the headquarters of the Nigerian National Petroleum Corporation (NNPC) to any state in the Niger Delta region where the nation’s oil economy is based.
Post-amnesty oil output hits 2.4mbpd – The Guardian
November 16, 2009 by Bunmi Awolusi · Comments Off
The Amnesty programme may have begun to yield fruit as Nigeria’s oil production has reached a record 2.4 million barrels per day (mbpd), the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Mohammed Barkindo, said at the weekend.
