The Nigerian National Petroleum Corporation (NNPC) has announced the removal of Umar Ajiya as the Chief Financial Officer (CFO) and the appointment of Mr. Adedapo A. Segun as his replacement. This was disclosed in a statement released on Wednesday by the company’s spokesperson, Olufemi Soneye, via NNPC’s official X (formerly Twitter) handle. In addition to…
A group, the Nigerian Coalition of Civil Society Organisations, has called for immediate investigations into alleged sabotage against the plan to turn around the petroleum refineries in the country. This is just as the group demanded the immediate removal from office of the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, noting…
The Nigerian National Petroleum Company Limited has denied claims of selling adulterated petroleum products at its retail outlets. The company made this clarification in a statement issued by its Chief Corporate Communications Officer, Olufemi Soneye, on Thursday. Soneye’s statement was in response to a video in which a man alleged that a dark liquid in…
The Nigerian National Petroleum Company Limited (NNPCL) has addressed circulating rumours of a new increase in fuel prices, affirming that the pump price of Premium Motor Spirit (PMS) has not changed. NNPCL spokesperson Olufemi Soneye stated, “There is no increase in gasoline price that I am aware of,” countering speculation that prices had risen from…
GISTSMATE MEDIA reports that the Nigeria National petroleum company (NNPC) has increased fuel prices in the country. The increase, which was made through the Nigerian National Petroleum Company Limited (NNPCL), now means residents in Lagos will pay N1,025 per litre, while those in Abuja will pay N1,060 per litre. This development comes after petrol prices…
In a surprising twist of events, the Dangote Group says it will withdraw its ₦100bn suit against the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) for granting import licenses to the Nigerian National Petroleum Company Limited (NNPCL), Matrix Petroleum Services Limited, AA Rano Limited, and four other companies despite local production of petroleum products….
Dangote Petroleum Refinery and Petrochemicals has filed a lawsuit at the Federal High Court in Abuja requesting the annulment of import licenses granted to the Nigerian National Petroleum Company Limited (NNPCL), Matrix Petroleum Services Limited, AA Rano Limited, and four other companies. The case centred on the importation of refined petroleum products that Dangote Refinery…
A peace agreement has been reached between the Nigerian National Petroleum Company Limited (NNPCL) and independent oil marketers, following a mediation led by the Director General of the Department of State Services (DSS), Adeola Ajayi. The agreement will see NNPCL allow the loading of products to cover the N15 billion owed to the marketers. Chinedu…
The Labour Party presidential candidate in the 2023 election, Peter Obi, has condemned the recent increase in fuel prices, calling on the Federal Government to reverse the sudden hike. Obi’s statement comes after the Nigerian National Petroleum Company Limited (NNPCL) announced an increase in petrol price, raising it from ₦897 to ₦1,030 per litre. The…
The Nigerian National Petroleum Company Limited (NNPCL) on Wednesday, October 9, informed marketers of its upward review of the Premium Motor Spirit (PMS) ex-depot prices. Its NNPCL Retail Limited sent a price list informing them that the ex-depot price at Calabar is N1,050 per litre. The National Oil Company said the depot price in Lagos…