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Petroleum Tanker Drivers Suspend Planned Nationwide Strike.

The National Union of Pe­troleum and Gas Workers (NUPENG) has announced the suspension of the pro­posed strike by its affiliate members, Petroleum Tanker Drivers (PTD). The strike, which would have commenced today, was called off due to the interven­tion of the Federal Govern­ment. According to the News Agency of Nigeria …

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DPR reopens eight petroleum depots sealed by LASPPPA.

The Department of Petroleum Resources (DPR) has reopened eight petroleum products depots shut down by the Lagos State Physical Planning Permit Authority (LASPPPA) in Ijegun-Egba, Satellite Town area of the state. Mr Ayorinde Cardoso, Zonal Operations Controller, DPR, Lagos Zone, told the News Agency of Nigeria (NAN) in Lagos on …

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How price differentials fuel petrol smuggling- NNPC.

The Nigerian National Petroleum Corporation (NNPC) has explained that concerted efforts by the Corporation and some Federal agencies to combat the menace of smuggling of petroleum products have been largely hampered by existing arbitrage fueled by the prevailing huge price differentials in pump price of petrol in Nigeria and neighbouring …

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Why we’re investing in Dangote Refinery, by Kyari.

The Group Managing Director of the Nigeria National Petroleum Corporation (NNPC) Mele Kyari has said the decision to acquire 20 percent equity from Dangote refinery was a strategic business decision that will ultimately benefit the nation. Kyari, who spoke while responding to questions from members of the House of Representatives …

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President Buhari Signs Petroleum Bill Into Law

The president signed the Petroleum Industry Bill 2021 into law on Monday. Working from home in five days quarantine as required by the Presidential Steering Committee on COVID-19 after returning from London on Friday August 13, the President assented to the Bill in his determination to fulfill his constitutional duty. …

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