Baru had last week said the NNPC was paying N26 on a litre of fuel to bridge the gap in the difference between the N145 approved as pump price and the landing cost of N171
Browsing: Nigerian National Petroleum Corporation
In a leaked memo, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, had alleged lack of due process in the award of contracts valued at over $25 billion by the NNPC
The DAPPMA had in a statement on December 26 exonerated marketers from the ongoing fuel scarcity across the country, saying its members’ depots were empty
Osinbajo said this while answering questions from newsmen against the background of the information by the Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Maikanti Baru, that the landing cost of petrol in Nigeria is N171, while it is expected to be sold at a maximum of N145 at filling stations
This excuse sounds very familiar. That card has been played before. What many Nigerians believe, and methinks that is closest to the truth, is that the government wants to exploit the grueling scarcity of petrol to increase its pump prices
The Group Managing Director of the NNPC, Maikanti Baru, disclosed the new level of subsidy on Sunday as the corporation and sister organisations turned the supply of fuel into a war room affair
Prof. Osinbajo said this during an unexpected stopover to Oando Filling Station at Lekki area of Lagos State on Sunday
The current fuel crisis is a combination of SNAFU (Situation Normal All Fouled Up) in the distribution process of petrol, which the Nigerian National Petroleum Corporation admitted at the onset of the problem, and deliberate mischief and sabotage by some marketers, who want to force the hands of government to increase the pump price
Oye said this in an interview with the News Agency of Nigeria in Awka while reacting to the situation on Saturday
According to Ughamadu, the NNPC Group Managing Director, Dr. Maikanti Baru, has met with the heads of Nigerian Association of Road Transport Owners and Petrol Tanker Drivers to nip the problem in the bud.
The statement said: “NNPC wishes to state that relevant government agencies are in consultation with industry unions to arrive at an amicable resolution of issues over which there are threats of industrial action.
The governor said the Federal Government was being insensitive to the plight of Nigerians with this move
This was revealed by one of the Commissioners for Finance
The NNPC Group General Manager, Public Affairs Division, Ndu Ughamadu, made this known in a statement in Abuja on Friday
Tayo Aboyeji, the new Chairman of South-West Chapel of NUPENG, gave the assurance in an interview with the News Agency of Nigeria in Lagos
Baru made the call in a statement issued by Ndu Ughamadu, the NNPC Group General Manager, Public Affairs Division
The state IPMAN Chairman, Ubong Isong, disclosed this on Thursday in Eket while speaking with the News Agency of Nigeria on the current price hike of petrol in the state
Its Executive Secretary, Olufemi Adewole, told the News Agency of Nigeria that the inability of NNPC to make provision for adequate import caused the wide gap
The followed the directive of the Federal Government to Dr. Ibe Kachikwu, the Minister of State for Petroleum Resources, to clear the queues
The Permanent Secretary of the Ministry, Mahmoud Isa-Dutse, said this on Thursday in Abuja while briefing newsmen on the outcome of the monthly Federal Account Allocation Committee