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Saturday, March 28, 2020

Oil & Gas

NNPC’s Downstream Subsidiary, PPMC, Records ₦337.63bn Petroleum Products Sales

  …posts 34% Increase in Trading Surplus in December 2019 The Nigerian National Petroleum Corporation’s (NNPC) Downstream Sector subsidiary, the Petroleum Products Marketing Company (PPMC), has raked in N337.63 billion from the sale of white products in December 2019 compared to...

Why we can’t enforce new pump price of N125 at private filling stations, says Kyari

  … they are still selling old stock The Group Managing Director of the Nigeria National Petroleum Corporation (NNPC), Malam Mela Kyari, says private filling stations have yet to adjust to the N125 new pump price because they are still selling...

FG’s directive: NNPC announces N125 per litre of petrol effective March 19

In compliance with the directives of the Minister of State for Petroleum Resources, the Nigerian National Petroleum Corporation  (NNPC) has announced a new price regime for its Ex-coastal, Ex-depot and NNPC retail pump prices   Effective from March 19,  NNPC Ex-Coastal...

FG slashes petrol pump price at N125

  A Presidential approval for the reduction of pump price of petrol from N145 to N125 may have been given, according to Aso Rock sources. President Muhammadu Buhari’s nod followed a presentation by the Minister of State for Petroleum Resources, Chief...

VIDEO: What NNPC said about Abule Ado explosion

https://www.youtube.com/watch?v=AzSj-lLcBnY

Oil price plunges almost 30% as NNPC vow to Reduce Cost of Crude Oil Production

  Group Managing Director of the NNPC, Mallam Mele Kyari, on Wednesday said that the state oil firm plans to put in place measures that would alleviate the cost of crude oil production in Nigeria to create market for Nigeria’s crude...

Accomplished Oil and Gas Technocrat, Mr Bala Wunti, Now Holds Sway At NAPIMS As GGM

    …As PPMC boss, he eliminated intractable petrol scarcity across the country After a 30-year stint in the nation’s petroleum industry, Mr Bala Wunti, has been appointed the Group General Manager, National Petroleum Investment Management Services (NAPIMS), a subsidiary of the...

Crude price slump:  FG to review 2020 budget $57 crude oil benchmark

    … President Buhari sets up committee on Coronavirus impact on economy     Following a crash of crude oil price in the international market, the Federal Government says it will revisit crude oil benchmark price of $53 per barrel for the 2020...

FG okays $2.571bn loan for Ajaokuta-Kaduna-Kano gas pipeline

    ...NNPC to pay 15 per cent of the sum A foreign facility of $2.57 billion has been approved by the Federal Government for the Ajaokuta-Kaduna-Kano gas pipeline. The loan classified as a sovereign guarantee to fund, is for engineering procurement and construction (EPC)...

NNPC hits the market with high performance lubricants — Nitro and Rhino engine oils

  Two new lubricants -- Nitro and Rhino engine oils – have been rolled out by a Downstream subsidiary of the Nigerian National Petroleum Corporation, NNPC Retail Ltd. In 2019, the company had unveiled its lubricants in readiness to hitting the...
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Latest News

The Day In Pictures: Buhari, minister of health and DG NCDC at the Villa

  President, Muhammadu Buhari Saturday at the Presidential Villa, Abuja, met with the Minister of Health, Prof Osagie Ehanire, and...
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What triggered Akure explosion, by Gov. Akeredolu

  The multiple explosion which occurred about two kilometres to Akure Airport in the wee-hours of Saturday was triggered by a fire which ignited a...

Scores of Houses, Churches, Schools Others Destroyed As Bomb Explosion Rocks Akure

  In Akure, the Ondo State capital, scores of houses, churches, schools and others have been shattered by defeaning multiple explosions reportedly triggered by bombs...

Davido says his fiancé Chioma has coronavirus

  Music star Davido said Friday that his fiancé has tested positive for the coronavirus. He made the announcement on his Twitter page. Hey everyone ! I...

Epidemic of Fear: Addressing Misinformation and Panic in Infectious Disease Outbreaks – Dr. Oreh

  By Dr Adaeze Oreh A few weeks ago,Masaka,the last patient receiving treatment for Ebola, the deadly viral haemorrhagic disease was discharged in the Democratic Republic...