NNPCL
FG, NNPCL Work Out Modalities for #7.7tn Fuel Subsidy Debt Payment
The Federal Government of Nigeria and the Nigerian National Petroleum Company Limited (NNPCL) have agreed on a plan to settle the N7.74 trillion fuel subsidy debt owed to the NNPCL. This amount represents the cost of maintaining a specific price range in the retail market despite acquiring the product at a higher rate between June […]
NNPCL Lowers Petrol Price to N860/Litre, According to Marketers
The Nigerian National Petroleum Company Limited (NNPCL) has reportedly reduced the petrol pump price to N860 per litre, according to marketers. This development comes after the Dangote Refinery announced a price cut last week, reducing its ex-depot petrol price from N890 to N825 per litre. Some retail outlets belonging to NNPCL in Lagos have already […]
Crude awakening: NNPC Shipping Unveils Joint Venture to revolutionize Transport
The Nigerian National Petroleum Company Shipping (NNPC Shipping), Stena Bulk, and Caverton Marine Limited have joined forces to launch a transformative joint venture that will revolutionize Nigeria’s maritime transportation landscape. “This strategic partnership marks a significant milestone in NNPC’s commitment to modernizing Nigeria’s maritime infrastructure,” said Managing Director NNPC Shipping, Panos Gliatis. “By combining our […]
From March 1, NMDPRA Bans Above 60,000ml Petrol Trucks.
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) banned trucks carrying above 60,000 liters of hydrocarbon products from loading depots on March 1, 2025. No vehicle carrying more than 45,000 litres of petroleum products will be allowed to load from depots starting in Q4 2025. A briefing in Abuja by Executive Director, Distribution System, […]