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 MARCH 27TH (NEWSRANGERS)-The Nigerian National Petroleum Corporation (NNPC) has said it would maintain its current ex-depot price of Premium Motor Spirit (petrol) until the conclusion of ongoing engagement with the organized labour and other stakeholders. In a statement on Friday by the Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, said the…
LAGOS MARCH 13TH (NEWSRANGERS)-The Buhari administration has taken down a link holding the new prices of petrol. Energy regulator PPPRA on Thursday night posted its new template that showed an increase in the pump price of petrol from N186 to N212 per litre. The controversial template was previously accessible here: http://pppra.gov.ng/pms-guiding-price-for-march-2021/. It was unclear why…