Oil & Gas - Abia ThinkTank News

Oct

16

2023

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By Abia ThinkTank

Fuel Scarcity Hits Lagos And Environs; Scarcity Attributed To Bad Roads And High Cost Of Diesel For Distribution

Business, Lagos, Oil & Gas

Fuel Scarcity Hits Lagos And Environs As Most Petrol Stations Are Shut Petrol: Oil marketers shut filling stations as scarcity spreads to Lagos, environsTHERE were indications, yesterday, that petrol scarcity has returned to Lagos and its environs as many oil marketers shut their outlets against motorists and other buyers. The scarcity was noticed in Abuja and environs last week, development oil marketers had attributed to bad roads and high cost of diesel for distribution. But checks by Vanguard, over the weekend, indicated that many independent and major oil marketers were not open for business, leaving only the NNPC Limited to…

Oct

10

2023

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By Abia ThinkTank

Just-In: NNPC Will Be The Sole Importer Of Petrol As In The Past – Mele Kyari

Abuja, Oil & Gas

JUST-IN: NNPC Will Be The Sole Importer Of Petrol As In The Past – Mele Kyari The Nigerian National Petroleum Company Limited (NNPCL) has resumed being the sole importer of petrol into the country barely five months after announcing that it would no longer do so. NNPCL Group Chief Executive Officer Mele Kyari disclosed this at the ongoing Energy Labour Summit organised by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) in Abuja. Kyari blamed the decision on foreign exchange issues, which have made it difficult for private companies to import petroleum products. “We are the only…

Oct

07

2023

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News Breaking: NNPCL Speaks On Plan To Increase Petrol Pump Prises

Oil & Gas, Human Rights, Power & Energy

NEWS BREAKING: NNPCL Speaks On Plan To Increase Petrol Pump Prices The Nigerian National Petroleum Company (NNPC) Limited has denied plans to increase its pump prices, AttNews reports. NNPC, in a statement issued Friday, said it values its customers’ patronage and does not intend to increase its Premium Motor Spirit (PMS) pump prices. “Our retail stations sell the best quality products at the most affordable prices,” the statement read. The NNPC has increased its pump prices twice since President Bola Tinubu assumed office on May 29, declaring that “fuel subsidy is gone.” The increase has led to a rise in…

Oct

04

2023

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Ibe Kachikwu, Benedict Peters Mentioned In Criminal Charges Leveled Against Diezani Alison-Madueke

FGN, Judiciary, Oil & Gas

Ibe Kachikwu, Benedict Peters Mentioned In Criminal Charges Leveled Against Diezani Alison-Madueke Ibe Kachikwu, a former minister of state for petroleum resources, has been mentioned in the criminal charges leveled against Diezani Alison-Madueke. In the court process seen by TheCable, Kachikwu was mentioned alongside Benedict Peters, Aiteo chief executive officer (CEO), and Haruna Momoh, a former managing director of pipelines and product marketing company (PPMC). According to the court process, Kachikwu was bribed in August 2015 “with the intention of influencing with his capacity as a foreign public official”. Other Nigerians mentioned in the court process are Olatimbo Bukola Ayinde…

Aug

30

2023

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Just In: Tinubu Sacks Lauretta Onochie; Appoints New Chairman And Members Of Board Of Niger Delta Development Commission(NDDC)

Oil & Gas, Politics

President Bola Tinubu has dismantled the current board and management of the Niger Delta Development Commission (NDDC) President Bola Tinubu has revoked the existence of the present NDDC board and management, which was led by Lauretta Onochie. Consequently, he has sanctioned the establishment of an entirely new NDDC board and management. Tinubu appointed Chiedu Ebie from Delta State as the new chairman of the boaThe president’s media aide, Ajuri Ngelale, released a statement on Tuesday confirming that the new appointments were effective immediately. The newly appointed individuals are Chiedu Ebie (Chairman – Delta), Samuel Ogbuku (Managing Director/CEO – Bayelsa), Boma…

Aug

17

2023

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Tinubu Drops El-Rufai From Cabinet, Set To Appoint Self As Petroleum Minister

Presidency, Oil & Gas

Tinubu Drops El-Rufai From Cabinet, Set To Appoint Self As Petroleum Minister President Bola Ahmed Tinubu might likely assign the Petroleum Ministry portfolio to himself as he dropped former Kaduna state governor, Mal. Nasiru El-Rufai from his cabinet. On Wednesday evening, Tinubu through a statement signed by Willie Bassey, the Director, Information in the office of the Secretary to the Government of the Federation, announced the portfolios of the 45 ministerial nominees confirmed by the senate. Former Rivers State governor Nyesom Wike emerged as Minister of Federal Capital Territory (FCT) and Festus Keyamo as head of the Aviation Ministry, while…

Aug

17

2023

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By Abia ThinkTank

Petrol Pump Price Won’t Go Up, Subsidy Remains – President Tinubu

Oil & Gas, Economy

Petrol Price Won’t Go Up, Subsidy Removal Stays – Tinubu Following rumours of a hike at the weekend, there was panic buying in some places, with Labour threatening a nationwide strike without notice should there be a further price adjustment. The Nigerian National Petroleum Company Limited (NNPCL) said it had no plan to adjust the current pump price. Ngelale stressed that Labour’s strike threat was premature. He told reporters at the Presidential villa that the steps being taken to clean up inefficiencies within the petroleum industry continue. He said: “The President wishes, first, to state that it is incumbent upon…

Aug

05

2023

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NNPCL Set To Partner NIPCO To Provide Cheaper Alternative Fuel At 100/Litre To Motorists In Nigeria

Oil & Gas

NNPCL Set To Partner NIPCO To Provide Cheaper Alternative Fuel At 100/Litre To Motorists In Nigeria The Nigerian National Petroleum Company Limited (NNPCL) announced on Thursday that it is partnering with NIPCO Gas Limited to develop Compressed Natural Gas (CNG) stations in the country. Mele Kyari, the NNPCL group chief executive officer, disclosed this at a press briefing in Abuja on Thursday. According to the NNPCL, the partnership is part of the company’s commitment to reducing its carbon footprint and providing cheaper alternative fuel to motorists in the country. “As part of the NNPCL commitment to reducing carbon footprint and…