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FG Increases Fuel Pump Price To N143

The Federal Government has increased the pump price of Premium Motor Spirit, also known as petrol from N140.80 to N143.80 per litre. The Petroleum Products Pricing Regulatory Agency (PPPRA) announced the increment in a statement issued by its Executive Secretary, Abdulkadir Saidu on Wednesday. “After a review of the prevailing …

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Nine firms, DPR disagree on Oil Mining Fields licences

Nine firms, DPR disagree on Oil Mining Fields licence Nine oil firms have opposed an application by the Department of Petroleum Resources (DPR) seeking approval to sell or accept bids for eight Marginal Oil Fields (Oil Mining Licences, OMLs). Justice Chukwujekwu Aneke had on June 3 restrained the Federal Government …

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COVID-19: NNPC recorded N9.53bn trading deficit in March

The Nigerian National Petroleum Corporation (NNPC), on Wednesday, announced a trading deficit of N9.53 billion in its operations for March 2020, representing a sharp decline compared to the N3.95 billion surplus recorded in February 2020. In a statement in Abuja, Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, …

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NNPC to begin oil exploration in Niger State

The Nigeria National Petroleum Corporation (NNPC) has concluded arrangements to begin oil exploration activities in the Bida Basin of Niger State, Central Nigeria. The exploration activities will cut across eight local government areas of the State. The NNPC Group General Manager, Frontier Exploration Services, Abdullahi Bomai, who represented the NNPC …

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