President Muhammadu Buhari Tuesday in Abuja unveiled the new Nigerian National Petroleum Company Limited (NNPC Limited), affirming that the company is mandated by law to ensure that Nigeria’s National Energy Security is guaranteed. Speaking at the historic occasion at State House Conference Centre, the President said Africa’s largest National Oil Company (NOC) would also support…
By Adewole Kehinde “President didn’t order fuel subsidy removal, Lawan clarifies” was the major headline in the media on Wednesday according to the President of the Senate, Ahmad Lawan, after meeting Buhari at the Presidential Villa, Abuja, stating that he had gone to convey the feeling of constituents to him on some concerns, including the…
The Centre for the Promotion of Private Enterprise (CPPE), an economic advocacy group, has identified Dangote Petroleum Refinery as one of the key expected drivers of growth that would impact positively on the downstream sector of the Nigerian economy in 2022. Likewise, Financial Derivatives Company Limited, a financial institution, in its recent Economic Report for…
By Adewole Kehinde On November 23, the Group Managing Director/Chief Executive Officer of NNPC Limited Mallam Mele Kyari projected that petrol would sell for between N320 and N340 per litre from February 2022. He stressed that Nigeria would be out of the subsidy regime in the first quarter of 2022. Mallam Kyari explained that the…
By Garba Deen Muhammad Unlike previous struggles between Nigeria and the fuel subsidy conundrum, this time, it is a fight to finish. No ambiguity. No fence to sit on. It has taken Nigeria several decades and deadly battles to arrive at this decisive moment over the subsidy issue. In the past, every time a Nigerian…
President Muhammadu Buhari on Friday received the certificate of incorporation of the Nigeria National Petroleum Company Limited. The president while receiving the documents said the country expects nothing less from the Board of Directors, the Chief Executive Officer, and the Chief Finance Officer than “the realization of a global national oil company that this nation…
President Muhammadu Buhari would on Thursday present the 2022 budget to a joint session of the National Assembly. The Deputy Senate President, Ovie Omo-Agege, gave the hint on Tuesday after reading and referring President Muhammadu Buhari’s submission of the revised 2022-2024 Medium Term Fiscal Framework to the Committee on Finance for legislative input. President Buhari…
The Senate has mandated its committees on Petroleum Resources Upstream, Downstream Petroleum Sector and Gas to liaise with the Ministry of Petroleum Resources and the Presidential Implementation Committee on the Petroleum Industry Act (PIA), to facilitate the relocation of oil and gas companies in Nigeria to their various operational bases in host communities to ensure…