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Energy
NNPC reserves 2bn petroleum liters for Yuletide
The Nigerian National Petroleum Company Limited has disclosed that it has in its reserve no fewer than two billion liters of Premium Motor Spirit (PMS) for usage of Nigerians before, during and after the festive season.
The national oil…
NNPC working to reduce gas price, increase production
The Group Managing Director, Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, has assured Nigerians that the national oil company was working round the clock to boost the supply of Liquefied Petroleum Gas (LPG) to ensure a…
Oil sector requires $11.8trn investments in 24yrs – OPEC
The Organisation of Petroleum Exporting Countries (OPEC) has disclosed that the investments of 11.8 trillion dollars would be required between 2021 and 2045 in the upstream, midstream and downstream oil sectors.
It explained that the…
Buhari suspends NNPC board inauguration indefinitely
President Muhammadu Buhari has suspended the inauguration newly constituted board of the Nigerian National Petroleum Corporation (NNPC), barely two months after the members were appointed.
As gathered, the inauguration was put on hold by…
Buhari tackles rich nations over fail promises on climate change
President Muhammadu Buhari has expressed disappointed over what he described as actions and inactions of rich nations across the world which repeatedly go against their promises on action to be taken to address climate change in ensuring…
We’re not increasing fuel price during yuletide – NNPC
The Nigerian National Petroleum Corporation (NNPC) has assured that Nigerians that there was no plan by the Federal Government to increase pump price of Premium Motor Spirit (PMS) ahead of the yuletide season.
The national oil company…
FG reiterates commitment on gas sector reforms, energy transition
The Vice President, Yemi Osinbajo, has reiterated the Federal Government's commitment to reposition the gas sector for effective service delivery through necessary reforms to enable the country's seamless energy transition.
According to…
NNPC limits petroleum tank importation to 45,000 liters
The Nigerian National Petroleum Corporation (NNPC) has pegged the maximum capacity for fuel tank importation at 45,000 litres, a measure introduced to elongate the lifespan of major roads across the country.
NNPC said that the Nigerian…
Tanker drivers suspend proposed strike on conditions
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) through Petroleum Tanker Drivers has put on hold the proposed withdrawal of services to allow the Federal Government's complete ongoing efforts to improve standards of road…
NNPC coming up with intervention funds for Nigerian bad roads
Trucks owners and drivers experiencing difficulties with movement of petroleum products may begin to ease a sigh of relief after the Nigeria National Petroleum Corporation (NNPC) has assured the transporters that it would come up with an…