LAGOS NOVEMBER 15TH (NEWSRANGERS)-The Senate Committee on Gas on Wednesday decried a fresh 1.2 billion dollars illegal withdrawal from the Nigeria Liquefied Natural Gas ( NLNG). The Chairman of the committee, Sen. Bassey Akpan made this known at the committee’s investigative meeting into 1.05 billion dollars said to be withdrawn to bridge the gap of…
LAGOS NOVEMBER 2ND (NEWSRANGERS)-The Nigerian National Petroleum corporation (NNPC) yesterday said that the current pump price of N145 of Premium Motor Spirit or Petrol was unrealistic. It said that no marketer would want to import fuel and sell at that cost. That was as the Senate gave the Corporation a two-week ultimatum to furnish it…
LAGOS OCTOBER 17TH (NEWSRANGERS)-There was mild drama on Tuesday in the Senate over the management of over $3.8 billion fuel subsidy fund by the Nigeria National Petroleum Corporation (NNPC). Senators were at each others throat following accusations and counter accusations of alleged compromise in their line of duty. There was also allegation of subterranean plot…
LAGOS MAY 5H (NEWSRANGERS)-The Nigerian National Petroleum Corporation (NNPC) has said there is no going back on a December 2019 deadline set to stop importation of petroleum products into the country. Nigeria had remained one of the largest oil producers that import refined crude to meet about 50 million estimated daily consumption. Estimated under recovery…