Truth Is Treasure
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, says the corporation will not be involved in the management of the nation’s refineries after their rehabilitation. Dr Kennie Obateru, Group General Manager, Group Public Affairs Division, in a statement in Abuja on Wednesday, said Kyari revealed this as
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Bayelsa State Government has expressed concern over the decline in revenue from the Federation Account arising from the global COVID-19 crisis, saying the economy of states in the country would soon be grounded. The Technical Adviser on Finance to the Governor, Mr. Maxwell Ebibai, raised the alarm on Wednesday, during the
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The Peoples Democratic Party (PDP) has advised the Federal Government to announce the total removal of petroleum subsidy and under-recovery through a policy statement. The party gave the advice in a statement issued by its National Publicity Secretary, Mr Kola Ologbondiyan on Tuesday in Abuja. Ologbondiyan described Monday’s declaration by the Group Managing
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By Gom Mirian, Abuja The Nigerian Navy is set to destroy two illegal oil refineries discovered at Opumami in Warri South Local Government Area of Delta state, the Defence Headquarters said on Tuesday. In a statement by the acting Director, Defence Media Operations, Brigadier General Bernard Onyeuko, in
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The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari, says Nigeria would no longer pay subsidy on petrol with the ongoing global oil price decline. Kyari disclosed this in a statement signed by NNPC spokesman, Dr Kennie Obateru, in Abuja on Monday. The NNPC boss
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By Mathew Dadiya, Abuja The effect of the Covid-19 on businesses around the world has not spared the oil sector with the downward trend of crude in the international market compelling the Federal Government to reduce the pump price of Premium Motor Spirit (PMS). The prices were slashed initially from
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The Petroleum Products Pricing Regulatory Agency (PPPRA) has announced further reduction of the pump price of Premium Motor Spirit (PMS) also known as petrol from N125 to N123.50k per litre. The agency made the announcement in a statement singed by its Executive Secretary, Abdulkadir Saidu, in Abuja on Tuesday night. “PPPRA
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The Nigerian National Petroleum Corporation (NNPC) has assured Nigerians of adequate fuel supply following implementation of sit-at-home order in some states to contain the spread of the COVID-19.Mr Mele Kyari, Group Managing Director, NNPC, who gave the assurance in a tweet on Saturday, said supply of petroleum product would not
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The Nigerian National Petroleum Corporation (NNPC) has announced an increased trading surplus of ₦5.28billion in its December 2019 operations compared to the ₦3.95billion surplus posted in November last year. A release yesterday in Abuja by the corporation’s Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, explained that details of
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E Electricity Generation Companies (GenCos) comprising gas-fired and hydro stations, said they could not generate 3,568 megawatts of electricity due to unavailability of gas.This information was made known in a daily energy report by the Advisory Power Team, office of the Vice President, a copy of which was obtained by News
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