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NPA expects 20 ships with petroleum products, others at Lagos ports

Ihesiulo Grace 3 December 2021 0

The Nigerian Ports Authority (NPA) is expecting 20 ships laden with petroleum products and other items from Dec. 3 to Dec. 14. The NPA made this known in its publication – Shipping Position – made available to newsmen in Lagos on Friday. According to the NPA, the ships are expected to arrive at

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21 ships discharge petroleum products, other items at Lagos ports

Ihesiulo Grace 27 November 2021 0

The Nigerian Ports Authority (NPA) said 21 ships at the Lagos ports were discharging bulk wheat, general cargo, container, petrol, bulk sugar, base oil, frozen fish, bulk gypsum and bulk urea. NPA disclosed this in its publication, ‘Shipping Position’, a copy of which was made available to the News Agency of Nigeria (NAN) in Lagos […]

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Fuel Scarcity: NNPC assures Nigerians of adequate supply

Ihesiulo Grace 2 November 2021 0

The Nigerian National Petroleum Corporation (NNPC) has assured Nigerians of adequate supply of petroleum products following reports of queues at petrol stations in some parts of the country. Malam Mele Kyari, Group Managing Director, NNPC, gave the assurance while speaking at the Association of Energy Correspondents of Nigeria (NAEC) 2021 Strategic International Conference

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Deregulation will save Nigeria N12trn in 4 years – PPMC

Ihesiulo Grace 28 October 2021 0

Managing Director, Petroleum Products Marketing Company (PPMC), Mr. Isiyaku Abdullahi, says the full deregulation of the petroleum downstream sector will save Nigeria N12 trillion in four years. Abdullahi spoke at the ongoing 15th Oil Trading and Logistics (OTL) Africa Petroleum Downstream Week 2021 on Wednesday in Lagos. The News Agency of Nigeria (NAN) reports that […]

Business

Oil marketers, retailers kick against plans to re-introduce petroleum tax

Ihesiulo Grace 1 March 2021 0

Oil marketers and retailers have kicked against the plan by the Nigerian Customs Service, NCS to re-introduce a N1.50k tax regime on petroleum products. Recall that the Comptroller General of NCS, Col Hammed Alli (Retd), had at the budget defence of the Service told the Senate that the revenue-generating agency has asked the Federal Government […]

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Stakeholders call for domestic refining of petroleum products

Ihesiulo Grace 17 November 2020 0

By Doosuur Iwambe The Lagos Chamber of Commerce and Industry (LCCI) and the Nigerian Employers Consultative Association (NECA) has said that the way out of pricing and deregulation conundrum is to accelerate the process of domestic refining of petroleum products. The stakeholders while emphasising the need to creat a competitive market framework also called for […]

Oil & Gas

NPA expects 14 ships with petroleum products, others at Lagos port

Ihesiulo Grace 11 July 2020 0

The Nigerian Ports Authority (NPA) says it is expecting 14 ships laden with petroleum products, food items and other goods from Saturday to July 25. The NPA made this known in its publication, `Shipping Position’, a copy of which was made available to the News Agency of Nigeria (NAN) in Lagos on Saturday. According to […]

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Breaking: FG explains reasons behind deregulation policy 

Ihesiulo Grace 9 July 2020 0

The federal government has said in view of recent misguided comments and innuendos, it has become expedient for the Ministry of Petroleum to explain misconceptions around the issue of Petroleum Products Deregulation. Minister of State for Petroleum, Chief Timipre Sylva, in a statement he personally signed Wednesday in Abuja, explained that after a thorough examination […]

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PMS pump price: PPPRA will continue to advise NNPC, marketers – Saidu

Ihesiulo Grace 8 June 2020 0

The Petroleum Products Pricing Regulatory Agency (PPPRA) says it will continue to advise oil marketers on the pump price of the Premium Motor Spirit (PMS), generally known as petrol. The agency, in a statement by its Executive Secretary, Abdulkadir Saidu on Sunday in Abuja, said that marketers were not allowed to fix prices of products. […]

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PPPRA removes price cap on petrol

Ihesiulo Grace 5 June 2020 0

The Petroleum Products Pricing Regulatory Agency (PPPRA) has removed the cap on the price of Premium Motor Spirit (PMS) also known as petrol. The agency made the disclosure in a document it released in Abuja, on Thursday entitled: ‘’Market based pricing regime for Premium Motor Spirit (PMS) regulations, 2020.’’ It said in the document signed […]

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Again, PDP demands slash in fuel price

Ihesiulo Grace 22 April 2020 0

…Asks NNPC to recover overcharge, stolen subsidy funds The Peoples Democratic Party (PDP) has restated its call on the federal government to slash the pump price of fuel to reflect the prevalent slump in the cost of crude oil and petroleum products in the international market The PDP insisted that the government has no justifiable […]

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NNPC retail stations in full compliance with PPPRA price template

Ihesiulo Grace 9 April 2020 0

The NNPC Retail Limited, one of the downstream subsidiaries of the Nigerian National Petroleum Corporation (NNPC) has clarified that all its filling stations across Nigeria were selling premium motor spirit (petrol) within the official price band announced by the Petroleum Products Pricing Regulatory Agency (PPPRA) for the month of April. The corporation’s Group General

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COVID-19: IPMAN assures of supply, distribution of petroleum products

Ihesiulo Grace 26 March 2020 0

The Independent Petroleum Marketers Association of Nigeria (IPMAN), Kano state chapter has assured the people of sustained supply and distribution of petroleum products, as the country battles the coronavirus pandemic. Chairman of IPMAN in Kano, Alhaji Bashir Danmallam, gave the assurance shortly after the chapter’s emergency meeting in Kano on Thursday. Danmalam said the

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C/River gov’t cautions IPMAN against adulterated products

Ihesiulo Grace 13 March 2020 0

The Cross River State Government has cautioned members of the Independent Petroleum Marketers Association of Nigeria (IPMAN) against selling adulterated petroleum products to members of the public. The Commissioner for Petroleum Resources, Mr Itaya Asuquo, gave the warning when the leadership of IPMAN paid him a courtesy call on Friday in Calabar. Asuquo told the […]

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Open market price of fuel drops to N114.53 per litre – PPPRA

Ihesiulo Grace 12 March 2020 0

The Petroleum Products Pricing Regulatory Agency (PPPRA) says, Open Market price of Premium Motor Spirit( PMS) also known as petrol, in the Nigerian market has dropped to N114.53 per litre. The Agency disclosed this in the data for PMS Price for Tuesday, March 10, from the Pricing Template for the commodity, released in Abuja, on […]

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NSCDC arrests 27 with adulterated petroleum products in C/River

Ihesiulo Grace 2 February 2020 0

The Nigerian Security and Civil Defence Corps (NSCDC) in Cross River state said it arrested 27 suspects with adulterated petroleum products in the state from October 2019 till date. Commandant of the NSCDC in the state, Danjuma Elisha, disclosed this on Sunday in in Calabar. Elisha, who spoke on his 100 days achievements in office, […]

Business News Oil & Gas

DPR moves to end ambiguity in dispensing petroleum products

Ihesiulo Grace 28 August 2019 0

Philip Clement As part of efforts to halt ambiguity in dispensing petroleum products, the Department of Petroleum Resources (DPR) has launched a device, Digital Seraphin Can, to help ensure accuracy while buying petroleum products across the country. The DPR Head of Public Affairs, Mr Sadiu Abubakar, who led some journalists on monitoring of some sealed […]

News Nigeria

DPR warns marketers on creating artificial scarcity of petroleum products

Ihesiulo Grace 6 December 2018 0

The Department of Petroleum Resource (DPR) Gombe Field, has called on the independent marketers to desist from creating artificial scarcity of petroleum products during the yuletide. Mr Abdullahi Abawa, Operations Comptroller, made the call while briefing newsmen on Thursday in Gombe. He said the present administration had done everything possible to ensure availability of

Business

PPMC to regulate cross-border product smuggle

Ihesiulo Grace 29 November 2018 0

To stem cross-border leakages and forestall attendant products price hikes, Managing Director of the Petroleum Products Marketing Company (PPMC), Mr. Umar Ajiya, has enjoined Major Marketers Association of Nigeria (MOMAN) to regulate the volumes of petroleum products dispatched to their members’ affiliate stations close to the country’s borders. Mr. Ajiya, who spoke during

News Nigeria

FG’s unpaid subsidy arrears is affecting our operations – Marketers

Ihesiulo Grace 29 October 2018 0

Depot and Petroleum Products Marketers Association (DAPPMA) on Sunday said the unpaid subsidy arrears of over N650 billion by the Federal Government poses huge financial challenges to the downstream operations. DAPPMA Executive Secretary, Mr Olufemi Adewole, told newsmen in Lagos that the settlement of the debts owed them would save their assets from being taken […]