LAGOS NOVEMBER 20TH (NEWSRANGERS)-The Nigerian National Petroleum Corporation on Thursday said the volume of crude oil discovered in Benue Trough was in commercial quantity. It said Nigerian geologists were spearheading efforts in the discovery of the commodity in the trough. The corporation’s Group Managing Director, Mele Kyari, disclosed this in a statement issued in Abuja…
LAGOS SEPTEMBER 2ND (NEWSRANGERS)-The price of petrol has been increased to N151.56 per litre, according to Pipelines and Product Marketing Company (PPMC), a subsidiary of the Nigerian National Petroleum Corporation, NNPC. In a statement obtained by Economic Confidential, D.O Abalaka of the PPMC, stated: “Please be informed that a new product price adjustment has been…
LAGOS AUGUST 31ST (NEWSRANGERS)-Amidst confusion in the downstream petroleum industry, concerning its deregulation, subsidy on Premium Motor Spirit (PMS), also known as petrol, has once again resurfaced, as the Nigerian National Petroleum Corporation (NNPC), weekend, said it incurred N5.35billion as under recovery in June, 2018. Under-recovery, also known as subsidy, occurs when the pump price…
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,…