IPMAN raises concern over members’ funds trapped in scrapped petroleum agencies
Oct. 21, 2021 The Independent Petroleum Marketers Association of Nigeria (IPMAN) has cried out, alleging that funds of its members are trapped in the recently-scrapped agencies in the Ministry of…
Pricing guideline not increase in pump price of PMS – PPPRA
The Petroleum Products Pricing Regulation Agency (PPPRA) says the March guiding prices posted on its website does not translate to increase in the pump price of  Premium Motor Spirit (PMS)…
Alleged ₦1.4bn Oil Subsidy fraud: New EFCC Boss Testifies At Trial
The trial of Abubakar Ali Peters and his company, Nadabo Energy Limited, for an alleged ₦1.4bn fraud continued on Wednesday before Justice Christopher Balogun of the Lagos State High Court…
Yuletide: Federal Government remains intensely focused on executing the NGEP – PPPRA
The Petroleum Products Pricing Regulatory Agency (PPPRA) has said the Federal Government remains intensely focused on executing the National Gas Expansion Programme (NGEP). The agency disclosed this in a statement…
PENGASSAN declares a strike
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) says it has declared a strike following Federal Government’s negligence in the manner it is handling the concerns raised…
PIB: NNPC will not be scrapped but commercialised in line with deregulation move – Minister clarifies
Minister of State for Petroleum, Timipre Sylva has dismissed media reports that the new draft Petroleum Industry Bill (PIB) sent to National Assembly has recommended scraping of the NNPC.The minister…
Downstream oil sector deregulation in the best interest of Nigerians – PPPRAÂ
The Petroleum Products Pricing Regulatory Agency (PPPRA) has assured Nigerians that the deregulation of the downstream oil sector is in the best interest of the country. The Executive Secretary of…
Nigeria paid $14 mn for fuel in June despite subsidy removal – NNPC
Nigerian National Petroleum Corporation, NNPC, recorded a N5.34 billion ($14 million) cost for fuel in June, months after it changed its pricing method in an effort to eliminate subsidies. State…
IPMAN confirms purchase of PMS at N108 per litre ex-depot price
The President, Â Independent Petroleum Marketers Association of Nigeria (IPMAN), Mr Chinedu Okoronkwo says its members have started buying Premium Motor Spirit (PMS) also known as petrol at N108 ex-depot price…
Petrol price reduction: FG to adopt price modulation mechanism to regulate price of petroleum products
The Federal Government has ordered the NNPC to adjust the price of fuel to reflect global market realities. According to a briefing from the Federal Executive Council (FEC), the new…