The $550 million upstream gas project between the NNPC Ltd and TotalEnergies on the development of the Ubeta field has taken off, the Presidency announced on Tuesday. Special Adviser to the President on Energy, Olu Verheijen, disclosed this during an inaugural US-Nigeria Strategic Energy Dialogue, hosted by the U.S. State Department in Washington, DC. The…
The NNPC Ltd has released estimated prices of Premium Motor Spirit (PMS), also known as Petrol (obtained from the Dangote Refinery) in its retail stations across the country. The NNPC Ltd also wishes to state that, in line with the provisions of the Petroleum Industry Act (PIA), PMS prices are not set by Government, but…
When the news broke last week that an agreement was now in place that would see to NNPCL loading petrol from the Dangote Refinery, it came with a mix of joy and relief for some of us. Whereas the question of pricing was dominant in public discourse at the time, I didn’t think it was…
The NNPC Ltd has released estimated prices of Premium Motor Spirit (PMS), also known as Petrol (obtained from the Dangote Refinery) in its retail stations across the country. The NNPC Ltd also wishes to state that, in line with the provisions of the Petroleum Industry Act (PIA), PMS prices are not set by Government, but…
I am not sure what to make of the news that there is finally an agreement in place which will see NNPCL starting to load petrol from the Dangote Refinery from September 15th, which it will then push on to marketers for onward distribution to service points around the country. There is no doubt that…
The Nigerian National Petroleum Company Limited (NNPC Ltd) has refuted the claim by the Muslim Rights Concern, MURIC, that it is undermining the Dangote Refinery Limited (DRL). MURIC had claimed that the recent changes to the pump price of Premium Motor Spirit (PMS) will prevent the Dangote Refinery from offering lower prices and that NNPC…
..says PMS Prices are Determined by Free Market Forces. The Nigerian National Petroleum Company Limited (NNPC Ltd.) has stated that it is awaiting the September 15th timeline provided by the Dangote Refinery to commence the lifting of PMS from the Refinery. According to a statement by the Chief Corporate Communications Officer, NNPC Ltd. , Olufemi…
Dangote Industries Limited, has again emerged as the most valuable brand in Nigeria, making it the seventh consecutive year it will be doing so. The latest report of the TOP 50 BRANDS NIGERIA® rankings, which is an annual celebration of the most influential and valuable brands in the country, revealed Dangote as the top brand, followed by MTN…
NNPC Ltd has acknowledged recent reports in national newspapers regarding the company’s significant debt to petrol suppliers. This financial strain has placed considerable pressure on the Company and poses a threat to the sustainability of fuel supply. In line with the Petroleum Industry Act (PIA), NNPC Ltd remains dedicated to its role as the supplier…
