The Nigerian National Petroleum Company (NNPC) has urged citizens to avoid panic buying as they address fuel queues appearing in parts of Lagos and a few other locations across the country. The NNPC cited a reduction in Depot loadout in Apapa, Lagos, over the past few days as the reason for the...
The Nigerian National Petroleum Company Limited (NNPC Ltd) has responded to allegations of underhand dealings in the award of contracts for pipeline rehabilitation, stating that the contracts were awarded based on rigorous evaluation criteria and industry standards. The company issued a...
Emmanuel Ibe Kachikwu, the former Minister of Petroleum Resources, has vehemently denied allegations of receiving bribes from Diezani Alison-Madueke or her associates, as asserted in a UK court case. The prosecution in the UK accused Alison-Madueke, a former Minister of Petroleum Resources, of...
The Economic and Financial Crimes Commission (EFCC) has taken steps to bring former Minister of Petroleum Resources, Diezani Alison-Madueke, to justice. According to Dele Oyewale, the Acting Head of Media and Publicity for the EFCC, the anti-corruption agency has secured an arrest warrant for...
A London court has granted bail to Diezani Alison-Madueke, the former Nigerian Minister of Petroleum Resources, who faces bribery charges filed by the United Kingdom (UK) government. District Judge Michael Snow set forth bail conditions that include a curfew requiring her to stay indoors between...
The global crude oil prices have surged to a staggering $93.55 per barrel, raising concerns about another petrol price hike in Nigeria. This price increase coincides with the continued depreciation of the Naira against foreign currencies, with the Naira exchanging at N980/$1 on the parallel...
Despite President Bola Ahmed Tinubu's assurances that the subsidy had been abolished, revelations surrounding the Federal Government's payment of N169.4 billion in subsidy in August have ignited controversy and skepticism. This development challenges the narrative of subsidy removal and prompts...
Kano, Nigeria — The Nigerian National Petroleum Company Limited (NNPC) has made a significant move by compulsorily retiring all management staff members with less than 15 months remaining until their statutory retirement. The decision, announced via the company's official social media platform...
The Nigeria Extractive Industries Transparency Initiative (NEITI) has reported that the Nigerian National Petroleum Corporation Limited (NNPC) did not remit $1.9 billion to the government's account by the end of 2021. NEITI conducts annual audits of the oil, gas, and solid minerals sector in...
Oil marketers are reiterating their call for a potential increase in the price of Premium Motor Spirit (PMS), commonly known as petrol, due to the ongoing depreciation of the Nigerian naira against the US dollar.
The black market exchange rate for the naira reached 920/dollar, prompting...
The Chairman of United Nigeria Airlines and Spokesperson for the Airline Operators of Nigeria, Obiora Okonkwo, has proposed that air tickets for flights from Lagos to Abuja should cost N250,000 due to increasing operational costs. Okonkwo made this statement during an exclusive interview on...
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.