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NNPC An oil and gas expert, Emmanuel Iheanacho, has blamed the persistent scarcity of petrol on monopoly of the product by the Nigerian National Petroleum Corporation, NNPC. Iheanacho told newsmen in Lagos today, that the inability of NNPC to create a window for private importers to import petrol, also contributed to the scarcity. According to […]

FEDERAL GOVERNMENT A cash-call exit agreement between the Nigerian National Petroleum Corporation and Joint Ventures partners, the Federal Government has saved about One point Seven billion dollars which will repay the Cash Call arrears of five point one billion dollars within five years. These facts are contained in a document titled “The new JV Self-Funding […]

SENATE Worried by the return of queues to filling stations across the country, the Senate yesterday summoned the NNPC Group Managing Director to appear before its Committee on Petroleum Resources (Downstream) on Thursday over the rising scarcity of PMS across the country. Baru failed to appear before the committee on Tuesday, leading to the rescheduling […]

#NewsUpdate NNPC After More than a year of relief from fuel scarcity in the country, filling stations in some parts of Lagos has experienced queues while some refused to sell Premium Motor Spirit, popularly known as petrol, to motorists. The pockets of fuel queues in Lagos emerged few days after the Independent Petroleum Markers Association […]

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