Prof. Wunmi Iledate, Professor Emeritus Omowumi Iledare, the Ghana National Petroleum Commission (GNPC) Chair of the University of Cape Coast (UCC), has said. NNPL recently released pricing framework, which looks to me like a dominant firm market behaviour. It is basically anticompetitive that is derived from a monopoly import market structure for PMS.. ” NNPCL is basically setting the price ...

The Nigerian National Petroleum Company Limited (NNPCL) said it has reviewed upward the pump prices of petrol (PMS).The NNPCL has also put price template for its retail outlets nationwide. In some outlets prices went up by over 200 per cent bringing the price of fuel to between N488 and N557 per litre, The NNPCL management sent out the new price ...

The House of Representatives Ad Hoc Committee on the State of Refineries in the Country has said the Federal Government spent a total sum of N11,349,583,186,313.40 from 2010 to date. The Chairman of the committee, Ganiyu Johnson, however, failed to convince the Deputy Speaker, Ahmed Wase, who chaired the Committee, to consider the report. Wase dismissed the recommendations by the ...

The Nigeria Extractive Industries Transparency Initiative (NEITI) has lauded the political will and sincerity of purpose demonstrated by President Bola Tinubu in removing fuel subsidy. A statement from NEITI House, Abuja on Tuesday, described the move as a positive move by the administration to decisively implement the findings and recommendations contained in the NEITI reports. The statement, signed by Mrs ...

A cross section of members of the Host Community Development Trusts, with leadership of The Shell Petroleum Development Company Limited, NNPC Upstream Investment Management Services (NUIMS) and Nigerian Upstream Petroleum Regulatory Commission (NUPRC) at the unveiling of eight HCDTs in Port Harcourt, Rivers State Eight Host Community Development Trusts (HCDTs) have been unveiled in Rivers State as NNPC/SPDC/TotalEnergies/NAOC Joint Venture ...

…….by Ben Ndubuwa…….The Major Oil Marketers Association of Nigeria (MOMAN) and Depot and Petroleum Marketers Association of Nigeria (DAPPMAN) applaud and endorse the pronouncement by President Bola Ahmed Tinubu, GCFR, on the phase-out of the petrol subsidy regime. Both industry players said they appreciate the clarity of policy from the Tinubu administration, a direction that signals a courageous and pragmatic ...

The Nigeria National Petroleum Company Limited,, (NNPC) has said it welcomed the decision for the government to remove subsidy on Premium Motor Spirit (PMS) otherwise known as petrol. Addressing the press, the GCEO of NNPC Limited Mallam Mele Kyari noted that the removal of the subsidy which has been a burden on NNPC’s cash flow will  free up funds to ...

Chevron Nigeria Limited (“CNL”), operator of the Nigeria National Petroleum Company Limited (“NNPCL”) and CNL Joint Venture, has decried the circulation of false recruitment information in several media and online channels alleging that the company is purportedly advertising job positions. .”Additionally, fraudulent job offers have reportedly been sent through emails, text messages and phone calls by individuals purporting to be ...

gas utilisation As part of the efforts to deepen the usage of Liquefied Petroleum Gas (LPG), a cooking gas marketer, Second Coming Nig. Ltd., has introduced 20kg composite LPG cylinders into the domestic market to deepen gas utilisation in every household. The firm’s Chief Executive Officer, Dr Basil Ogbuanu, at the launch on Tuesday in Lagos, said this would make ...

L – R : Independent Non – Executive Director, Lawal Idirisu ; Chief Operating Officer , Ramesh Virwani ; Managing Director,Adetunji Oyebanji ; Non – Executive Director / Alternate Chairman ,Alhaji Abdulkadir Aminu Mamman ; Company Secretary ,Chris Olumayowa Meseko and Non- Executive Director, Paul Chukwuma Obi ,all of 11Plc ( formerly Mobil Oil Nigeria plc ) during the company’s ...