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Tag: petroleum products

Customs: Has Been Releasing Way More Fuel Than Nigerians Need Daily

Nigerian National Petroleum Corporation (NNPC)
The Nigeria Customs Service (NCS) has said the Nigerian National Petroleum Company Limited cannot justify the volume of Premium Motor Spirit, otherwise known as petrol, being consumed in the countryRead More

Security Operatives Arrest Two Dangote Trucks With 300 Bags Of Smuggled Foreign Rice, Detain Drivers

Dangote Truck
Two trucks belonging to the Dangote Cement factory have been seized for allegedly smuggling of 303 bags of foreign parboiled rice in Ogun State. The Nigeria Customs Service (NCS), OgunRead More

FG To Boost Crude Oil Production In Two Weeks

Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed
Says shocks in oil market difficult to manage *Attributes high cost of fertiliser to scarcity of potassium The federal government will boost crude oil production through the reactivation of oilRead More

Power Outage, Fuel Scarcity: President Apologises To Nigerians

President Muhammadu Buhari
Says govt would soon restore normalcy FG working earnestly to resolve grid collapse NERC: Gas pipelines vandalism, not non-payment of Gencos, responsible for worsening supply Subsidy slumps to N30bn inRead More

Confusion as 4 Oil Companies Named By NNPC As Liable For Imported Substandard Petrol Deny Accusation

The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari
Four of the oil companies accused by the Group Managing Director of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, of importing substandard petrol have all in writing deniedRead More

Adulterated Fuel: Kyari Names MRS, Emadeb-consortium, Oando, Duke Oil As Culprits

The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari
Explains why inspectors did not detect bad petrol before circulation National oil company requests emergency supply NMDPRA says nation has 10-day reserve deficit, announces arrival of 300m litres of fuelRead More

With Withdrawal Of Wrong Fuel from Circulation, Queues Return To Abuja, Lagos, Others

Long queue at a filling station in Nigeria
Petroleum marketers confirm presence of adulterated fuel in circulation Motorists in FCT spend hours in queues, traffic grounded Group wants alleged petrol hoarders arrested, prosecuted Following the supply of aRead More

FG Approves N3trn, 17.5% Of 2022 Budget To Sustain Subsidy

Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed
To send supplementary appropriation to National Assembly Mandates finance ministry to reconcile payment with NNPC NLC knocks govt over 18-month timeline IPMAN wants dilapidated refineries fixed Fayemi: Only 8 statesRead More

Stop Petroleum Products Smuggling, Senate Tasks Customs, DSS, Others

Senate President, Dr. Ahmad Lawan
The President of the Senate, Dr. Ahmad Lawan, yesterday met with heads of security and paramilitary agencies and tasked them to do more to checkmate smuggling of petroleum products outRead More

NEC: Fuel Subsidy Stays For Now, But May Be Removed Before Year End

National Economic Council (NEC)
Says petrol costs 100% more in neighbouring countries Reveals that N2trn spent on subsidy in 2021 Accuses NNPC of failing to fund FAAC to the tune of N200bn monthly inRead More