Category: Business News
Business News
NNPC empathizes with Nigerians over petroleum products scarcity …Says pump price remains 145 per litre
*NNPC GMD, Dr Maikanti Baru, addressing newsmen in Abuja, on the current fuel scarcity in the country. The Nigerian National Petroleum Corporation (NNPC) has expressed empathy and strong solidarity with members of the public over the lingering challenge in accessing petroleum products across the country just as it reeled out multiple measures to end the…
NNPC, DPR uncover illegal fuel reservoirs in Abuja
A combined team of the Nigerian National Petroleum Corporation (NNPC), Department of Petroleum Resources (DPR) and security agents on Monday uncovered illegal reservoirs of fuel in Abuja.Speaking at the site of the mini depot, the Group Managing Director of the NNPC, Dr Maikanti Baru, said it was saddening to make such discoveries in the city…
Osinbajo dispenses petrol in Lagos
*Vice President Yemi Osinbajo helps out to dispense fuel at one of the stations. By Oke Peter Vice President Yemi Osinbajo in Lagos for Christmas made surprise visits to two petrol stations at the Lekki-Ajah Expressway on Sunday.He even helped out to dispense petrol to some motorists on queue.Accompanied by minister of state for petroleum,…
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NIPCO pushes NNPC petrol supplies into the market
NIPCO Plc, a major Downstream operator which the Nigerian National Petroleum Corporation (NNPC) in a statement cited as one of the six major marketers which benefitted from NNPC cargo supplies, has confirmed the Company’s receipt of the Products from the Corporation. NIPCO, in a release this evening by its Chief Corporate Affairs Manager, Alh. Lawal Taofeek,…
Buhari, Baru meet in Villa over fuel scarcity
By Oke Peter There are strong indications that President Muhammadu Buhari will meet with the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, at the Presidential Villa tonight over the lingering fuel scarcity. Details later…
NNPC plans to flood market with products
*Dr Maikanti Baru, NNPC Group Managing Director. The Nigerian National Petroleum Corporation (NNPC) has intensified efforts to flood the market with Premium Motor Spirit (PMS), otherwise called petrol, and other products. Already, six major marketers: Total, Forte Oil, Oando Plc, MRS, 11 Plc and Nipco Plc, are now loading products round the clock from their various…
Four Shell staff bag Society of Engineers Fellowship
The Managing Director of Shell Nigeria Exploration and Production Company (SNEPCo), Bayo Ojulari, and three other senior engineers with Shell companies in Nigeria have been conferred with the fellowship of The Nigerian Society of Engineers, the highest professional recognition in engineering practice in Nigeria. The three others are SNEPCo’s Engineering Manager, Debo Oladunjoye; Projects Delivery…
Eni enters into new exploration permits offshore Morocco
Eni has signed a Petroleum Agreement (PA) with the Moroccan State Company ONHYM to enter into the Tarfaya Offshore Shallow exploration permits I-XII, located in the waters of the Atlantic Ocean offshore the cities of Sidi Ifni, Tan Tan and Tarfaya. Following the agreement, which is subject to the authorization of the Moroccan authorities, Eni…
We can now account for every barrel of oil sold -NNPC …Denies selling crude oil to ghost trading companies
By Energy Worth The Nigerian National Petroleum Corporation (NNPC), on Thursday, disclosed that it can now account for every barrel of crude oil sold from Nigeria, because it has achieved a 98 per cent automation of all transactions involving the supply, marketing and sale of the various grades and blends of the country’s oil across…