SAMUEL MOBOLAJI Dangote Petroleum Refinery & Petrochemicals (DPRP) has firmly denied reports suggesting that it imports finished petroleum products, describing such claims as misleading and based on a misunderstanding of global refining practices. At a media briefing, Chief Executive Officer and Managing Director David Bird clarified that the refinery processes crude oil and intermediate feedstocks […]
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 the Lagos […]
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 […]
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 on Tuesday […]
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 […]
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 […]
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 […]
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 […]
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 […]
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. […]
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 […]
…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 […]
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 Manager, […]
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 association […]
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 […]
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 […]
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, […]
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 […]
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 the […]
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 an interactive […]