
NNPCL yet to remit N500bn fiscal savings from PMS subsidy removal –World Bank
Although the subsidy was fully removed on October 1, 2024, NNPCL did not start transferring the resulting revenue gains to the Federation until January 2025.
Although the subsidy was fully removed on October 1, 2024, NNPCL did not start transferring the resulting revenue gains to the Federation until January 2025.
The new management also asked many officials with one year to their various retirement dates to leave.
The project is expected to transform the energy landscape in these regions, driving economic growth and sustainability.
The President of the Dangote Group, Aliko Dangote, said $4bn had been spent by the Federal Government in an attempt to revive the nation’s refineries.
For this initial loading, the price from the refinery was N898 per litre
“Dangote has not briefed us nor has the committee set up by the Federal Government reverted to us on what had been agreed.
The NNPC, in a statement by its spokesman, Olufemi Soneye, said on Saturday that it would not buy Dangote fuel unless it was cheaper than that of the international market.
We are filled with a deep sense of betrayal as the Federal Government clandestinely increases the pump price of PMS
The reason why pipeline vandalism is very easy to do is because the pipelines have all expired they completely corroded and so, anybody can just go and tap it and the thing is busted.
However, NNPCL’s Vice President (Downstream), Dapo Segun, attributed the shortage to rains, lightning and thunderstorms