NNPC says fuel queues will disappear by weekend

fuel scarcity

The Nigerian National Petroleum Corporation (NNPC), on Thursday, in Abuja says fuel queues will `normalise’ by Friday and disappear by the weekend. Mr Ndu Ughamadu, the NNPC spokesman, told the News Agency of Nigeria (NAN) in Abuja that there was an increase in the number of incoming trucks of petrol into the FCT to curb […]

Firms set to launch electric cars in Nigeria

A firm, Carbon Credit Network (CCN) has concluded plans to storm the world with made in Nigeria electric cars through her renewable energy drive. The Chief Executive Officer of the company, Mr. Femi Oye disclosed this at the fourth anniversary ceremony in Lagos recently. According to him, “The technology is already here only waiting for […]

Port Harcourt Refinery Resumes Operation

Port Harcourt Refining Company Limited has resumed operation and discharged 28 million litres of petrol to the market to clear the present scarcity of the product in the country, DailyTrust reports. The Group General Manager, Group Public Affairs Division of the NNPC, Mal. Garba Deen Muhammad, said the NNPC, Major Marketers Association of Nigeria (MOMAN) […]

IPMAN kicks as private depots sell petrol for N102/litre

Independent Petroleum Marketers of Nigeria (IPMAN) yesterday raised a fresh alarm that private depot owners sold Premium Motor Spirit (PMS) for N102 per litre. Following the new price regime which the Petroleum Products Pricing Regulatory Agency (PPPRA) activated last month, depots were expected to sell the product to marketers at N77 per litre. Besides, all […]

FG likely to further reduce petrol price – PPPRA

The continued fall in crude oil price may lead to a further cut in the pump price of petrol by the Federal Government any time soon, the outgoing Executive Secretary of the Petroleum Products Pricing Regulatory Agency, Mr. Farouk Ahmed, has said. The PPPRA is the agency of the Federal Government that regulates and fixes […]

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