NNPC Archives - Page 5 of 11 - KOKOMANSION MEDIA

NNPC distributes over 1.3 billion litres of petroleum products, 252 billion cubic feet of gas

January 2, 2018Ekene Onyeama

…Domestic refineries in October 2017 amounted to 204.31 million litres compared to 87.47 million litres in September 2017. The Nigerian National Petroleum Corporation (NNPC) through its Downstream subsidiary, the Petroleum Products Marketing Company (PPMC), sold and distributed a total of 1.352.86 billion (one billion three hundred and fifty two million and eight six thousand) litres […]

We have ‘tamed the monster’ of fuel scarcity – Baru

December 29, 2017Ayo Olowo

Dr. Maikanti Baru, group managing director, Nigerian National Petroleum Corporation, NNPC, on Friday said that the federal government has been able to ‘tame the monster’ of fuel scarcity in the country. Baru said this in an interview with State House correspondents after joining fellow Muslims for Jumat service in a mosque at the Presidential Villa, […]

NNPC owing marketers N800bn… has no cargo to allocate

December 29, 2017Ekene Onyeama

The executive secretary of Depot and Petroleum Products Marketers Association (DAPPMA), Olufemi Adewole, said the association has paid over N90bn to the Nigerian National Petroleum Corporation (NNPC) for petrol but the corporation has no cargo for allocation. Adewole said the NNPC is owing DAPPMA members N600 billion and other marketers over N800 billion. “Marketers have continued […]

We are not hoarding fuel, are depots are empty – Marketers

December 26, 2017Eben Tanimola

The Depot and Petroleum Products Marketers Association (DAPPMA) says members’ depots are empty, maintaining that they are not hoarding fuel and are therefore not responsible for crippling crisis. In a statement signed by Olufemi Adewole, DAPPMA’s executive secretary, and shared with TheCable, the association said there are always issues when the Nigerian National Petroleum Corporation […]

Landing cost of petrol N176, subsidy now at N26 per litre

December 25, 2017Ayo Olowo

The Managing Director of Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, on Sunday disclosed that Petrol is being subsidised to the tune of N26 per litre. According to him, the landing cost of petrol (PMS) is N171 per litre; it is being sold at the pump at N145 per litre – a difference of N26. […]

NNPC says queues will disappear this week as it blames marketers for scarcity

December 21, 2017Ayo Olowo

The Nigerian National Petroleum Corporation (NNPC) has blamed the current petroleum scarcity in the country on marketers of the product. Maikanti Baru, group managing director of the company, said this in a statement by Ndu Ughamadu, NNPC spokesman. Assuring that the fuel scarcity would fizzle out this week, Baru warned marketers against hoarding, saying any filling station […]

NARTO and tanker drivers vow to expose those sabotaging fuel distribution

December 21, 2017December 21, 2017Ayo Olowo

The National Association of Road Transport Owners, NARTO, and allied unions under the aegis of Petroleum Tanker Drivers, PTD, on Thursday vowed to expose anyone, including their members sabotaging the smooth distribution of petroleum products in the country. The two groups gave the commitment during a stakeholders’ meeting on the challenges of products supply and […]

Lagos and Abuja get 470 petrol trucks

December 19, 2017Ayo Olowo

The Nigerian National Petroleum Corporation, NNPC, on Tuesday said it released 300 trucks of petrol to Lagos and 170 to Abuja, to stem long queues at filling stations. NNPC Spokesman, Ndu Ughamadu, announced the release in a statement in Abuja. This followed the call-off of the strike by the Petroleum and Natural Gas Senior Staff […]

FUEL SCARCITY: 144 trucks of hoarded petrol discovered in one state

December 16, 2017Eben Tanimola

Security agents and Nigerian National Petroleum Corporation (NNPC) monitoring team have discovered 144 trucks of petrol not streamed by some marketers in Kano. The NNPC Group General Manager, Public Affairs Division, Ndu Ughamadu, made this known in a statement in Abuja on Friday. Ughamadu stated that the team was set up to rapidly end petroleum […]

FG orders Kachikwu, Baru to clear fuel queues by weekend, calls for calm

December 7, 2017December 7, 2017Ayo Olowo

The Federal Government of Nigeria, at the Federal Executive Council on Wednesday, mandated Ibe Kachikwu, the minister of petroleum resources, and Maikanti Baru, group managing director of the Nigeria National Petroleum Corporation (NNPC), to clear the fuel queues in Abuja and Lagos by the weekend. Lai Mohammed, the minister of information, who briefed journalists about […]