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The Nigerian National Petroleum Corporation (NNPC) Ltd. has blamed the fuel scarcity that has led to long queues in filling stations nationwide due to recent rains, lightning, and thunderstorms. NNPC’s vice-president (downstream),…
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Fresh facts have emerged on the dirty undercurrents in the export of crude oil in the Upstream sector at a colossal loss in taxes to the Federal Government by a Nigerian company Matrix Energy Group which has strong ties with top guns…
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Since President Bola Tinubu announced the suspension of subsidy payments on Premium Motor Spirit (PMS) during his inaugural address in May last year, there has been widespread speculation regarding whether the subsidy on the product…
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L-R: Director, NNPC/SPDC JV Centre of Excellence in Environmental Management and Green Energy, University of Nigeria, Professor Anene Moneke; Head, Corporate Relations Nigeria, and Director Shell Petroleum Development Company (SPDC), Igo…
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Senegal’s new authorities have set up a commission of experts to “rebalance” oil and gas contracts, Prime Minister Ousmane Sonko said, following an election pledge to renegotiate hydrocarbon agreements. The West African country,…
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Gas flaring in Nigeria during the first half of 2024 could have powered over 3 million homes, and the estimated cost is $360 million. Despite an installed power capacity of 13,014.14MW, Nigeria operates only around 4,000MW, leaving…
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Petroleum Oil marketers in Nigeria have attributed the current fuel scarcity in the country to the lingering logistics challenges. The President of Petroleum Products Retail Outlets Owners Association, PETROAN, Billy…
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GCEO, NNPC,, Mele Kyari The Chief Executive Officer of Cowry Assets Management Ltd, Jonhson Chukwu has said that the dividend and taxes paid by the Nigerian National Petroleum Company Ltd will reduce the financial burden of the federal…
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The Chief Financial Officer (CFO), of the Nigeria National Petroleum Company Ltd (NNPCL), Alhaji Umar Ajiya has disclosed that the government pays the company to sell PMS at half price of the landing cost- what he calls shortfall. …
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The Nigerian National Petroleum Company Limited (NNPC) has announced a new date for the commercial commencement of the Port Harcourt Refinery, with operations set to begin in September 2024.Umar Ajiya, Chief Financial Officer of NNPC,…
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