Oil firms deliberately destroying Niger Delta environment – Bayelsa gov

June 6, 2020 Joy Emmanuel 0

Bayelsa state Governor, Senator Douye Diri, has lamented what he described as the deliberate despoliation of the Niger Delta environment by oil companies operating in the region. Governor Diri who expressed displeasure over the decade-long environmental injustice in the region, said the situation was worsened by the unfair derivation sharing formula of the federal government to the oil producing states, Read More

FG announces new petrol price

June 1, 2020 Benjamin Umuteme 0

The Petroleum Products Pricing Regulatory Agency (PPPRA) has reduced the pump price of petrol to N121.50 per litre. The agency in a memo to petrol marketers dated 31st of May, 2020, created a price band of N121.50 to N123.50 for the price of the product at filling stations. The memo reads: “After a review of prevailing market fundamentals in the Read More

Breaking: Former NNPC GMD Baru confirmed dead

May 30, 2020 Benjamin Umutene 0

The Nigerian National Petroleum Corporation (NNPC) has announced the demise of its former Group Managing Director (GMD), Dr. Maikanti Kacalla Baru. Dr. Baru, a consummate Mechanical Engineer, died after a brief illness, NNPC Group General Manager, Group Public Affairs, Dr. Kennie Obateru revealed in a release Saturday morning. The release said NNPC Group Managing Director, Mallam Mele Kyari, expressed shock Read More

Breaking: NNPC slashes ‘petrol price’

May 6, 2020 Benjamin Umutene 0

The Nigerian National Petroleum Corporation (NNPC) has announced a reduction in the ex-depot price of petrol from N113.28k per litre to N108.00K per litre across all its products loading facilities. With the new price regime, it’s expected that pump price will be reviewed downward. A release Wednesday, in Abuja by Group General Manager, Group Public Affairs Division NNPC, Dr. Kennie Read More

Breaking: Russia aligns as OPEC takes final decision on oil output cut

April 12, 2020 Editor 0

Another meeting of Organisation of Petroleum Exporting Countries (OPEC) on oil output cut has just ended on Easter Sunday, 72 hours after an earlier online gathering took place. We will bring full details of the outcome of the meeting. However, here is the full remarks by OPEC Secretary General Brief high-level remarks by OPEC Secretary General, HE Mohammad Sanusi Barkindo, Read More

COVID-19: Like Ghana, give Nigerians 2 months free electricity – NASS tells Buhari

April 8, 2020 Taiye Odewale 0

Leadership of the National Assembly, Wednesday, tasked President Muhammadu Buhari-led federal government of Nigeria to provide free electricity supply to all Nigerians for two months as part of palliative stimulus for cushioning the effects of lockdown being applied against the spread of Coronavirus in the country. It also called for fairness and equity in the distribution of palliatives across the Read More

Fuel scarcity: DPR warns marketers against hoarding

April 1, 2020 Sidi A. Umar 0

The Department of Petroleum Resources (DPR), Sokoto/ Kebbi states Zonal office Tuesday warned filling stations owners against selling above government approved prices. Speaking with newsmen after visiting some filling stations in the Sokoto metropolis, the Controller, Zonal field operations, Alhaji Mohammed Makera, also warned against hoarding and under dispensing of the commodity. He  emphasised that his department would not hesitate Read More

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Bayelsa: We’ll enforce compliance of new PMS price- DPR

March 22, 2020 Editorial III 0

The residents of Bayelsa state have expressed their dissatisfaction on social media over the failure of filling stations to comply with federal government’s directive to sell Premium Motor Spirit (PMS) at ₦125 per litre. Meanwhile, the Department of Petroleum Resources (DPR), has called for calm, saying it would take a while for dealers to adjust to the new pump price. Read More

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Revealed! Outcome of NNPC recruitment exercise as Nigerians search for more employment oppurtunities

February 15, 2020 Editor 0

As more Nigerians continue in search of more oppurtunites to work, the Nigerian National Petroleum Corporation (NNPC) has ended their recent recruitment exercise. This is even as it announced the recruitment of 1,050 graduate trainees. According to the corporation’s Acting Group General Manager, Group Public Affairs, Mr. Samson Makoji, the Human Resources Division of the NNPC had since commenced the Read More

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As PMB rekindles hope for Ajaokuta-Kaduna-Kano gas pipeline…

January 25, 2020 Editorial III 0

It is on record that since coming on board, the President Muhammadu Buhari administration has consciously, consistently and continuously prioritise the unlocking and harnessing of the potential of the country’s resources including gas resources to increase domestic and industrial power supply, raise living standards of Nigerians and furthermore support sustainable economic growth and diversification of the Nigerian economy. President Muhammadu Read More

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DPR to grant NDPR licence to operate 1000bpd modular refinery

January 15, 2020 Editorial III 0

The Department of Petroleum Resources (DPR), said plans are ongoing to grant Niger Delta Petroleum Resources Ltd. (NDPR) licence to operate its 1000 barrel per day Modular refinery that will be inaugurated soon. NDPR is a subsidiary of Niger Delta Exploration & Production Plc. (NDEP). This was made known in a statement issued by the Director/Chief Executive Officer (CEO) of Read More

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Breaking: Finally, Jonathan’s ex-Minister Deziani Allison-Madueke forfeits jewelries worth $40m

September 10, 2019 Editor 0

A final forfeiture order has been granted by the Federal High Court sitting in Lagos to the federal government on the $40m worth of jewelries seized from the premises of the former minister of Petroleum Resources, Diezani Allison-Madueke. Justice Nicholas Oweibo ruled that the former Minister had failed to show cause why the jewelries should not be forfeited to the Read More

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Petrol to sell for N140 before rescheduled elections

February 18, 2019 Editor 0

Reports say the Independent Petroleum Marketers Association of Nigeria (IPMAN) has directed its members nationwide to reduce petroleum pump price from N145 per litre to N140. National President of the association, Chinedu Okworonkwo, who disclosed this in a statement signed by the chairman of the association, Bashir Dan-Malam, said the price slash would be effective between February 20 and February Read More

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DPR to Nigerians: Don’t panic, we ‘ve enough fuel at yuletide 

December 24, 2018 Editor 0

As Nigerians celebrate Christmas on Tuesday, December 25, 2018, the Department of Petroleum Resources (DPR) has assured motorists and others that there is adequate supply of petroleum products across the country during the yuletide season. The DPR Zonal Operation Controller,  Kaduna Zone, Malam Isa Tafida told energy correspondents in Kaduna that there is over 25 million liters of PMS in Read More

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JVC: Nigeria owing oil companies $5.1bn – NNPC

December 14, 2018 Editor 0

Facts emerged on Thursday that Nigeria is currently owing International Oil Companies $5.1 billion in the Joint Venture Cash Call business arrangement. Also, the Nigerian National Petroleum Corporation (NNPC) denied any form of mismanagement or stealing from the $3.2billion allegedly withdrawn from the Nigeria Liquefied Natural Gas (NLNG) account from 2015 till date. The $5.1billion debt incurred by Nigeria in Read More

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FG, oil marketers reach truce, as subsidy claims hit N1trn 

December 7, 2018 Editor 0

The Senate has urged the federal government to, as a matter of utmost urgency, direct all concerned agencies to immediately pay arrears of fuel subsidy owed oil marketers, which now stands at N1trillion from the initial N429billion.  It also urged the federal government to engage marketers immediately and agree on all outstanding liabilities to put an end to all subsidy claims. The Read More

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Extradition: ‘Why Diezani may not return for trial soon’

December 4, 2018 Editor 0

There are indications that the federal government may not get the required cooperation from the governments of United Kingdom, United States of America, Canada and others, where alleged looters of the nation’s wealth are currently taking refuge, Blueprint can authoritatively reveal. This is coming on the heel of moves by the Acting Chairman, Economic and Financial Crimes Commission (EFCC), Mr. Ibrahim Magu, Read More

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Osisioma pipeline explosion: death toll hits 200, as youths protest

October 16, 2018 Editorial III 0

The death toll from last Friday Osisioma fuel pipeline explosion has risen to 200, even as protesting youths from the host communities of Nigerian National Petroleum Corporation, NNPC, depot, yesterday, shut operation at the facility over the incident. The youths, numbering 2,000, who barricaded the gate of the depot with a coffin containing the corpse of one of the victims, Read More

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Saudi Arabia targets $600b Sovereign Wealth Fund

October 6, 2018 Editorial III 0

Saudi Arabia’s Crown Prince Mohammed bin Salman said the kingdom’s main sovereign wealth fund (PIF) will surpass its target of increasing its financial clout to $600 billion by 2020, as part of the efforts to wean economy off oil. “We are now above $300 billion, we’re getting close to $400 billion. Our target in 2020 is around $600 billion. I Read More

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NNPC records 17.16bn trading surplus in April 2018

September 25, 2018 Blueprint 0

The Nigerian National Petroleum Corporation (NNPC) has consolidated on its operational performance with a trading surplus of 17.16 billion in the month of April, 2018. This represents a 5.43 billion improvement representing 46.29 per cent on the trading surplus recorded in the previous month. NNPC Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu, who disclosed this in a Read More

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Buhari yet to receive petroleum industry bill – Presidency 

May 16, 2018 Blueprint 0

The Presidency said on Wednesday that President Muhammadu Buhari is yet to receive the harmonised Petroleum Industry Governance Bill (PIGB) by the two chambers of the National Assembly on March 28, 2018. Senior Special Assistant to the President on National Assembly Matters (Senate), Senator Ita Enang, said his findings revealed that the bill is still undergoing standard operating legislative processes of the National Read More