OIL

…Says 30-Days PMS Sufficiency Intact As the nationwide supply and distribution of Premium Motor Spirit (PMS), also known as petrol, continue to improve, the Nigerian National Petroleum Company (NNPC) Limited has once again called on motorists to shun panic buying of the product. In filling stations monitored across several states, including Lagos and the FCT, the queues have since thinned ...

………..frown at speculations of price increase…….…….by Ben Ndubuwa…..The Major Energies Marketers Association of Nigeria (MEMAN) has Said that it deeply empathizes with Nigerians facing the challenges occasioned by the current non availability of Premium MotorSpirit (PMS) and the resulting queues at many retail outlets expressing dissatisfaction over the frustration and difficulties this situation has created.. MEMAN said that they are ...

The Nigerian National Petroleum Company Limited said it has addressed concerns that surround the current scarcity of Premium Motor Spirit commonly known as petrol appealing to Nigerisans to stop panic buying.NNPCL said the scarcity in certain regions of the country stems from logistical challenges, which have since been resolved.In a statement issued by Chief Corporate Communications Officer, NNPC Ltd., Olufemi ...

……..by Victor Egbo…… The Chief Executive Officer of Rainoil Limited, Gabriel Ogbechie, has said that the federal government is now spending about N600 Billion monthly on subsidy with the national consumption of petrol at 40 million litres daily following the devaluation of the Naira in the foreign exchange market. Ogbechie analysis this on Tuesday during the Stanbic IBTC Energy and ...

Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has revealed that Nigeria lost $34 billion in the last two and a half years due to the fall in production from the assets being divested by ExxonMobil to Seplat Energy, a transaction still awaiting approval by the federal government. Lokpobiri made the disclosure in Lagos, during his keynote speech at ...

…….By Victor Egbo…….The NNPC Limited wishes to inform the general public that the tightness in Premium Motor Spirit (PMS) supply witnessed in some filling stations in Lagos was as a result of an issue in one of the Depots in the area. The NNPC Retail Limited, our retail arm, has since resolved the issue and effective tomorrow, normalcy in supply ...

Today, TotalEnergies’ 100,000 employees in 120 countries worldwide are pleased and proud to celebrate the 100th anniversary of the Company’s creation. TotalEnergies’ 100-year shows footprints of outstanding development in oil, gas and energy in Nigeria. It is the story of the world and energy, from the 1920s to the present day. A bold and visionary decision On March 28, 1924, ...

The NNPC Limited wishes to clarify rumours suggesting a price adjustment for Premium Motor Spirit (PMS) and Automotive Gas Oil (Diesel) at its retail stations nationwide. The company asserts that these reports are false and urges Nigerians to disregard them entirely. NNPC Ltd reaffirms its commitment to sustaining the current sufficiency in petroleum products supply across all its retail stations in the ...

……..by Victor Egbo……… Group Chief Executive Officer of NNPC Ltd, Mr Mele Kyari, making a presentation at a conference organised by the Ministry of Finance Incorporated  (MOFI) on Public Wealth Management in Abuja… Tuesday. The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd), Mr. Mele Kyari, says no public wealth creation endeavour can achieve any ...

In what is a far-reaching and the first major judicial decision on the Petroleum Industry Act 2021 (“PIA”), the Nigerian Federal High Court has affirmed the power of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA or Authority) to impose and collect levies on petroleum products sold in Nigeria. In an action filed by IHS Nigeria Limited and INT ...