The Socio-Economic Rights and Accountability Project (SERAP) has called on Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), to explain the whereabouts of the alleged missing N825 billion and $2.5 billion allocated for refinery rehabilitation, as reported in the 2021 annual report by the Auditor-General of the Federation….
President Bola Tinubu has expressed his great satisfaction with the reopening of the Warri Refining and Petrochemical Company by the Nigerian National Petroleum Company Limited (NNPCL). A statement issued by Bayo Onanuga, the Special Adviser to the President (Information & Strategy), on Monday, hailed the reopening as another significant achievement in 2024, which has bolstered…
The Senate has passed the 2024 – 2026 Medium-Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) for implementation by the Federal Government. The passage followed the presentation of a report by the chairman of the Joint Committees on Finance and National Planning & Economic Affairs presented by Sen. Musa, Mohammed Sani (Niger East). The…
President Tinubu has been urged not to allow a monopoly in the oil sector, which could lead to higher fuel prices and a single point of failure for the nation’s fuel supply. The Nigerians in Diaspora Movement (NDM) has alleged that the Nigerian National Petroleum Corporation Limited (NNPCL) is fostering a monopolistic environment favouring Dangote…
Barely three weeks after jerking up the price per litre of petrol, retail outlets owned by the Nigerian National Petroleum Company Limited (NNPCL) adjusted the pump price of the commodity on Tuesday in Lagos from ₦998 to ₦1, 025. A few NNPCL outlets that sold the premium commodity sold it at ₦1,025 while others owned…
Gilly-Harry revealed that the Nigerian National Petroleum Company Limited is fighting to keep the nation supplied with goods, therefore the current petrol rates, which are about 600 per liter, might not last. His position is in line with the recent admission by the NNPCL that it owes PMS suppliers more than $60 billion. Fuel is currently sold at filling stations that are not controlled by NNPCL for between 950 and more than 1000 per liter due to scarcity.
