LAGOS JULY 12TH (NEWSRANGERS)-The People’s Democratic Party (PDP) on Thursday cautioned President Muhammadu Buhari and the All Progressives Congress (APC) to perish any contemplation of increasing pump price of fuel from the already excruciating N145 per litre. PDP explained that its position is predicated on its unwavering stand, as a party committed to the welfare…
LAGOS JULY 12TH (NEWSRANGERS)-The Nigerian National Petroleum Corporation (NNPC) has finally hinted that pump price of premium motor spirit (PMS) may be increased soon, as it described the N145 pump price as the cheapest in West Africa. Mele Kyari, who is the new Group Managing Director (GMD),stated this on Wednesday during a visit to Senate…
LAGOS DECEMBER 19TH (NEWSRANGERS)-Oil marketers yesterday confirmed receipt of N236 billion being first tranche payment of the outstanding N800 billion subsidy debt owed its members. Executive Secretary of the Major Oil Marketers Association of Nigeria (MOMAN) confirmed the development to Daily Sun in a telephone interview. ‘‘Yes, I can confirm to you that payment is…
LAGOS NOVEMBER 17TH (NEWSRANGERS)-The presidential candidate of the Peoples Democratic Party, Atiku Abubakar, says he will sell the Nigerian National Petroleum Corporation and retain just 10 per cent of the company for the Federal Government. Atiku said this in an interview with The African Report, a monthly publication. Atiku, who presided over the National Council…
LAGOS NOVEMBER 15TH (NEWSRANGERS)-The Nigerian National Petroleum Corporation (NNPC) has sacked over 80 manager-level employees, according to dailytrust report. The corporation started issuing letters to the affected workers on Friday. At the Kaduna Refining & Petrochemical Company (KRPC), over 20 workers were affected. Spokesman for the corporation Mr. Ndu Ughamadu told Daily Trust that the…
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 Bassey Akpan made this known at the committee’s investigative meeting into 1.05 billion dollars said to be withdrawn to bridge the gap of…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…