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…
LAGOS MARCH 1ST (NEWSRANGERS)-Premium Motor Spirit (PMS) also known as petrol is to sell for as much as N230 per litre in March, fuel marketers declared yesterday. This came as panic buying and fuel hoarding rocked many filling stations in Lagos and Abuja, making queues to resurface in the two cities. The Nigerian National Petroleum…
LAGOS FEBRUARY 1ST (NEWSRANGERS)-Urhobo youth leader from Kokori oil producing community in OML30, in Ethiope East Local Government Area of Delta State, Comrade Odiri Umukoro, said he is satisfied that indigenes and youths from the 112 host communities in OML30, are fully engaged and securing the pipelines and oil facilities assets. Umukoro, who spoke Sunday…
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 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…