LAGOS JULY 13TH (NEWSRNAGERS)-Opposition leaders on Saturday criticised President Bola Tinubu’s administration following remarks by the leadership of the Nigerian National Petroleum Company Limited, which cast serious doubt on the viability of the country’s refineries despite the billions invested in their rehabilitation. On Thursday, the President of the Dangote Group, Aliko Dangote, stated that…
LAGOS JUNE 26TH (NEWSRANGERS)-The House of Representatives Ad hoc Committee on Recovered Loots and Assets of Government, yesterday, heard of how $300 million belonging to the Nigerian National Petroleum Corporation (NNPC) was “hidden in a Polaris Bank account and remained unattended to for years.” At the resumed public hearing of the panel in Abuja, the…
LAGOS JUNE 22ND (NEWSRANGERS)-A Federal High Court in Abuja has ordered Mobil Producing Nigeria Unlimited and the Nigerian National Petroleum Corporation (NNPC) to pay the sum of N81.9 billion as cumulative damages to the oil communities in Ibeno Local Government Area of Akwa Ibom over oil spillage within 14 days. This follows the case filed…
LAGOS MAY 12TH (NEWSRANGERS)-Nigeria’s state oil firm NNPC has picked 16 consortia for its new crude-for-fuel swap contracts for one year starting in August, sources with direct knowledge of the matter said. The list includes major Swiss trading firms Trafigura, Vitol and Mercuria, oil major Total as well as large Nigerian traders Sahara Energy, Oando…
LAGOS DECEMBER 4TH (NEWSRANGERS)-Gombe State Government has handed over 5.4 hectares of land to the Nigeria National Petroleum Corporation (NNPC) for the construction of a 200-bed capacity hospital and diagnostics centre along Gombe bypass road. Presenting the signature plan and title documents of the land to the Group Managing Director of the NNPC, Mele Kyari,…
LAGOS NOVEMBER 23RD (NEWSRANGERS)-A total of N81.41bn was expended on Nigeria’s refineries between January and August this year but the facilities refined no drop of crude oil all through this period, latest data obtained from the Nigerian National Petroleum Corporation showed. Kaduna Refining and Petrochemical Company, Port Harcourt Refining Company and Warri Refining and Petrochemical…
LAGOS JULY 13TH (NEWSRANGERS)-The Nigeria Union of Petroleum and Natural Gas Workers and the Petroleum and Natural Gas Senior Staff Association said on Monday that the Nigerian National Petroleum Corporation had sacked 850 contract workers at the nation’s refineries. The unions disclosed this in a joint statement signed by the National President, NUPENG, Williams Akporeha,…
LAGOS APRIL 8TH (NEWSRANGERS)-The pump price of petrol could drop further by between N5 and N8 per litre, operators in the downstream oil sector have said. According to oil marketers, the crash in crude oil price warranted the recent slashes in petrol price by the Petroleum Products Pricing Regulatory Agency. They noted that the current…