In a post by the company, posted around 11:48pm on Monday on its official X (formerly Twitter) handle, the national oil firm and major importer of petrol into Nigeria, said it had no intention to increase the pump price of petrol.
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Alhaji Aminu Gwadabe, the President of ABCON, gave the advice in an interview with the News Agency of Nigeria.
Senator Ifeanyi Ararume has described as an abuse of court process, the appeal filed by the Nigerian National Petroleum Company Limited (NNPCL), seeking to upturn the judgement of a Federal High Court, which ordered his reinstatement as non executive chairman of the Board of the newly-created NNPCL.
It said the partnership was part of its commitment to reducing carbon footprint and providing cheaper fuel to motorists.
Energy experts were confident that the bill would turn around the misfortunes of the oil and gas industry in the country.
The News Agency of Nigeria reports that FAAC had on Thursday shared N907 billion among the three tiers of government.
Osabuohien, who is also Head, Department of Economics, Covenant University, Ota, made the appeal while speaking with News Agency of Nigeria (NAN) Wednesday in Ota, Ogun State, South West Nigeria.
The NLC made this known on Tuesday in a statement by its President, Joe Ajaero, after the increase came into effect.
NAN correspondent, who moved round the city, observed that most filling stations had adjusted their pump price.
On Tuesday morning in response to the new price, following the latest development, the NNPC filling stations in Abuja witnessed brief queues, particularly the one located along Murtala Mohammed Express road, Kado remained shut for few hours as the Petrol attendants had to adjust their fuel pumps to reflect the new pump price.
The Group Chief Executive Officer of NNPCL, Mele Kyari, reinstated the position of the national oil firm on Tuesday.
The Senate has agreed to investigate oil subsidies and under recovery regime operated by the Federal Government
The vessel and its crew members were apprehended on July 7 by operatives of Messrs. Tantita Security Services.
A rights group, South-South Reawakening Group, made the allegation in a petition to the board of the NNPCL.
The licences were approved and issued to the companies on Tuesday in the Federal Capital Territory, Abuja.
The President of the NLC, Comrade Joe Ajaero, made the demand in a statement he issued in Abuja on Wednesday.
He stated this while speaking to journalists at the Presidential Villa, Abuja, after a meeting with President Bola Tinubu.
Mele Kyari, Group Chief Executive Officer NNPCL, said this when he briefed newsmen on Monday night in Abuja.
The NNPC Limited announced the renewal of the OML 130 Production Sharing Contract and conversion of the acreage to a Petroleum Mining Lease in accordance with the Petroleum Industry Act, 2021 provisions on Thursday.
The inadvertent postponement somewhat dilated the judgment delivery by three weeks. Ekwo has now given judgment in the suit. On Tuesday, April 18, 2023, he voided the presidential action that suddenly removed Araraume from office on January 17, 2022, about three months after he was appointed, saying it was wrongful, illegal, null and void, and of no legal consequence because the removal did not follow the procedures provided for in the extant laws.