How we resolved fuel crisis – NNPC

NNPC

The Nigerian National Petroleum Corporation (NNPC) has stated that the truck out of 1,300 truckloads of Premium Motor Spirit (PMS) also known as petrol from its depots daily, has helped to clear the current fuel scarcity witnessed across the country. Dr Umaru Ajiya, Managing Director, Petroleum Products Marking Company (PPMC) disclosed this to Newsmen, on More...

by metro | Published 4 hours ago
Fashola
By metro On Tuesday, December 12th, 2017
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Electricity generation hits 7,000mw, but 2,000mw idle

Fashola Nigeria’s electricity generation has hit 7,000 megawatts, the highest in the history of Nigeria, but a large proportion of the generation is idle. Reports say that only 5,000 megawatts had been utilised, More...

Oil prices
By metro On Tuesday, December 12th, 2017
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Oil prices jump above $65

Brent crude oil prices jumped above $65 per barrel after the shutdown of the Forties North Sea pipeline knocked out significant supplies from a market that was already tightening due to OPEC-led production cuts. Brent More...

gas flare
By metro On Thursday, December 7th, 2017
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FG, World Bank, others verify gas flare sites

gas flare The Programme Coordinator of the Nigerian Gas Flare Commercialisation  Programme, Ministry of Petroleum Resources, Mr. Justice Derefaka, says the federal government has commenced the verification of  gas More...

By metro On Tuesday, December 5th, 2017
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Law firm seeks criminal case against Shell and its CEO over Nigeria deal

Shell Oil A Dutch law firm has asked the public prosecutor in the Netherlands to file a case against Royal Dutch Shell, its CEO and former executives of over what it says were criminal actions relating to a 2011 More...

Senate
By metro On Tuesday, December 5th, 2017
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Reps to probe TCN over $300m power project

The House of Representatives says it will investigate the delay in the execution of 300 million dollars Nigeria Electricity and Gas Improvement Project (NEGIP) by the Transmission Company of Nigeria (TCN). In a More...

Oil prices
By metro On Tuesday, December 5th, 2017
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Oil holds losses below $58

Oil held losses below $58 a barrel before US government data forecast to show crude stockpiles decreased for a third week. Futures were little changed in New York after dropping 1.5% on Monday, the most in three More...

NNPC
By metro On Monday, December 4th, 2017
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No Plan to Increase Fuel Price – NNPC

The Nigerian National Petroleum Corporation (NNPC) has once again emphasised that there is no plan to increase the prices of petroleum products both at the ex-depot level and pump price ahead of the forthcoming More...

Oil prices
By metro On Thursday, November 30th, 2017
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Oil prices rise ahead of OPEC meeting

Oil prices rose on Thursday ahead of an OPEC meeting in Vienna at which producers are expected to extend a supply-cut deal that came into effect in January with the goal of tightening supplies and propping up prices. The More...

Oil workers
By metro On Thursday, November 30th, 2017
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Oil marketers threaten service withdrawal in Lagos, Ogun

The Independent Petroleum Markers Association of Nigeria, Lagos State chapter, has accused the Nigerian National Petroleum Corporation of undersupplying its members with Premium Motor Spirit. It said if the situation More...