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NNPC, oil firms move to boost power supply – The Guardian

February 22, 2010 by Bunmi Awolusi · Comments Off 

To engender a hitch-free supply of gas for power generation purposes in the country and facilitate crude transportation to Warri and Kaduna refineries, Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mohammed Barkindo, has written a formal letter to the Minister of Defence, Maj.-Gen. Godwin Abbey on the need to come up with a special security arrangement to secure the country’s pipelines.

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NNPC to supply 41 million litres of fuel daily – The Punch

February 19, 2010 by Bunmi Awolusi · Comments Off 

The Nigerian National Petroleum Corporation has promised to henceforth dispatch 1,255 trucks of 41.4 million litres of fuel daily to the various petrol stations in the country.

Group General Manager, Corporate Affairs, NNPC, Dr. Levi Ajuonuma, made the promise in a statement on Thursday in Abuja, the News Agency of Nigeria has reported.

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NNPC boosts fuel supply, pledges sufficiency – The Guardian

February 15, 2010 by Bunmi Awolusi · Comments Off 

Forging ahead in its resolve to end the current fuel scarcity in the country, the Nigerian National Petroleum Corporation (NNPC) has boosted supply of petroleum products for domestic consumption as 10 vessels discharged 288 million litres of petrol at the weekend.

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Fuel supply crisis eases, DPR to sanction erring stations – The Guardian

February 12, 2010 by Bunmi Awolusi · Comments Off 

As the chaotic situation arising from the lack of adequate fuel supply in the country abates, filling stations are, however, still selling Premium Motor Spirit (PMS) at N80 and N100 per litre.

The Department of Petroleum Resources has vowed to clamp down on any filling station selling above the official pump price of N65 per litre.

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Sell nation’s refineries – Amaechi – Vanguard

January 29, 2010 by Bunmi Awolusi · Comments Off 

Governor Chibuike Rotimi Ameachi of Rivers State has called on the Federal Government to sell its refineries to private operators for effective management.

According to the governor, government has never been known to be productive in running businesses.

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Why fuel scarcity may not abate – IPMAN – Tribune

January 29, 2010 by Bunmi Awolusi · Comments Off 

The zonal chairman of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Western zone, Chief Olatunji Aderoju, on Thursday, raised the alarm on the lingering scarcity of petroleum products in the country, saying the situation may worsen, as Federal Government had reneged its promise to make the products available at affordable prices.

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EFCC investigates missing 90m litres of petrol – Daily Trust

January 15, 2010 by Bunmi Awolusi · Comments Off 

The Economic and Financial Crimes Commission is investigating the disappearance of 90million litres of petrol belonging to the Nigerian National Petroleum Corporation (NNPC) Minister of Petroleum Resources Dr.Rilwanu Lukman has said.

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5 fuel-laden ships berth in Lagos – Tribune

January 14, 2010 by Bunmi Awolusi · Comments Off 

Temporary soluion to the ongoing fuel crisis now appears in sight, as five ships fully loaded with petroleum products sailed into the Lagos pilotage district, late Wednesday afternoon, three of them with 39,637 metric tones (MT) of petrol.

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Marketers Backpedal on Fuel Importation – Thisday

January 11, 2010 by Bunmi Awolusi · Comments Off 

Hopes that marketers would soon resume fuel importation after the Federal Government last week agreed to pay all their outstanding subsidy claims may be dashed as marketers have expressed concern over the seriousness of the government to fulfill its promises.

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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.

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