Breaking: Fuel scarcity looms as IPMAN threatens to strike

July 5, 2020 Olufemi Adediran 0

The Independent Petroleum Marketers Association of Nigeria (IPMAN), South West, Sunday threatened to stop the lifting of petroleum products in all the region depots over the hike in the fuel pump price by the Federal government. The South-west Chairman of IPMAN, Dele Tajudeen, who disclosed in a statement made available to journalists in Abeokuta, Ogun state capital described the hike 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

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$14m fuel subsidy: Senate rejects c’ttee report on PPPRA

May 5, 2018 Blueprint 0

  The Senate has rejected recommendation made by its committee on Ethics, Privileges and Public Petitions that the Petroleum Products Pricing Regulatory Agency (PPPRA) should pay Tanzila Petroleum Company Limited , $14m subsidy on Premium Motor Spirit (PMS) allegedly imported into the country . Officials of Tanzila Petroleum Company had in October last year petitioned the Senate on alleged non-payment Read More

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Ex-PDTF boss, Oluleye joins Ekiti governorship race, promises Agric revolution

April 13, 2018 Blueprint 0

Former Executive Secretary, Petroleum Technology Development Funds (PTDF) Oluwole Oluleye has joined the race for the governorship of Ekiti state, promising use the state’s agricultural potential to improve the well-being of its people. He made the promise Friday in Abuja, while speaking with newsmen after picking his Expression of Interest and Nomination Forms at the All Progressives Congress (APC) National Secretariat to Read More

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Kachikwu’s fuel subsidy figures, by Jerry Uwah

April 10, 2018 Editorial IV 0

A tenuous calm in the nation’s petrol supply chain in the last three weeks has momentarily punctuated the long, winding queues at retail outlets. Motorists could once again drive into fuel retail outlet, top up and head out within 10 minutes. The supply situation is so buoyant that some retail outlets now sell as low as N143 per litre even Read More

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PIGB: NASS introduces 5% fuel levy on consumers

March 29, 2018 Blueprint 0

By Ezrel Tabiowo Abuja As part of efforts to reposition the Petroleum industry, the National Assembly, yesterday passed the much-awaited Petroleum Industry Governance Bill. The passage of the PIGB saw the introduction of five percent fuel levy on fuel sold across the country, monies that would be used to finance the Petroleum Equalisation Fund as established under the bill. This Read More

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Police place Melaye, 6 escapees on INTERPOL watch list

March 29, 2018 Blueprint 0

Inspector-General of Police Ibrahim Idris, has ordered the removal of the Commissioner of Police in charge of Kogi state, Ali Janga. Janga was removed alongside some senior police officers in the state command, over their alleged role in the escape of some six suspects, who reportedly implicated a member of the National Assembly from the state, Senator Dino Melaye. And Read More

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NNPC vows to sustain nationwide fuel supply

March 28, 2018 Editorial IV 0

  The Nigerian National Petroleum Corporation (NNPC), has assured that it will ensure that the prevailing stability in the supply and distribution of petroleum products is sustained across the country. The Group Managing Director (NNPC), Dr. Maikanti Baru, who gave the assurance, on Monday in Abuja at the winding down of activities at the corporation’s fuel Supply War Room. The Read More

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Oil marketers, OPS advocate 2 regulators for oil industry

March 26, 2018 Editorial IV 0

Oil marketers and the Organised Private Sector [OPS] on Sunday, canvassed for two regulatory bodies to regulate the oil industry under the Petroleum Industry Governance Bill [PIGB] currently before the National Assembly. The oil marketers disclosed this at a joint media briefing with the OPS in Lagos. Mr. Obafemi Olawore, the Executive Secretary of the Major Oil Marketers [MOMAN] warned Read More

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Petrol consumption: NNPC’s alarming figures, by Jerry Uwah

March 13, 2018 Editorial IV 0

Nigeria is in deep trouble. The federal government is worried, but no one knows the way out. The sad news is that Nigeria spent $5.8 billion on petrol imports in just two months. At the current official exchange rate of N305 to the dollar, the Nigerian National Petroleum Corporation (NNPC) has spent N1.7 trillion on petrol imports in just two Read More

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Tackling fuel scarcity with forex subsidy, by Jerry Uwah

February 20, 2018 Blueprint 0

Fuel queues have persistently defied the federal government’s orders to the Nigerian National Petroleum Corporation (NNPC). In the last two weeks, the embarrassing queues have returned to Abuja and the neigbouring states at a spate that triggers resentment from intrinsically docile consumers. Last week, Ibe Kachikwu was so embarrassed by the intractable queues that he ordered NNPC to slap together Read More

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Fuel Scarcity and FG’s macabre dance

January 9, 2018 Blueprint 0

In spite of its decision to keep fuel pump price at N145 per litre, the federal government last week, expressed frustration while appearing before the Senate and House Committees on Petroleum (Downstream). EZREL TABIOWO reports.   N145 per litre no longer sustainable Sequel to the recent fuel crisis which left festive activities grounded in the country recently, the federal government Read More

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FG hints at fuel price hike again

January 5, 2018 Blueprint 0

Says N145 per litre not sustainable NNPC incurs N85.5bn loss on importation Nigerians won’t accept increase – NLC By Taiye Odewale and John Moses Abuja Barely one and half years after jerking up the pump price of fuel to N145.00 per litre, there are indications that the federal government has hinted of yet another hike. Indications to this effect were Read More

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FG loses $1.28bn to crude oil theft–NEITI

January 3, 2018 Editorial IV 1

Stories by David Agba Abuja Nigeria lost a whopping 27.12 million barrels of crude oil worth about $1.28 billion to crude theft in 2015, a report by the Nigeria Extractive Industries Transparency Initiative (NEITI) has shown. The NEITI oil and gas audit process covered 75 entities, including 54 oil and gas companies, 10 government agencies, three refineries, seven power generating Read More

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NUPENG decries scarcity of petrol in FCT

December 13, 2017 Editorial IV 0

By Bode Olagoke Abuja Amidst scarcity of petroleum products, particularly the premium motor spirit (PMS) in the Federal Capital Territory (FCT), Abuja and some states across the country, a major player in the sector, the National Union of Petroleum and Natural Gas (NUPENG) has called on the management of the Nigerian National Petroleum Corporation (NNPC) not to relent in its Read More

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N3bn subsidy fraud: Arisekola, Bamanga Tukur’s sons ‘forged documents’ – Witness

November 28, 2017 Editorial IV 0

At last, the trial of the trio of Mahmud Tukur, Abdullahi Alao, and Ochonoghor Alex and their companies, Eternal Plc and Axenergy has commenced, with a prosecution witness, Abdul-rasheed Bawa, an investigator with the Economic and Financial Crimes Commission (EFCC) telling Justice Hakeem Oshodi of the Lagos High Court how the defendants allegedly defrauded the federal government of N3, 121,393,098 Read More

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Senate scraps NNPC, passes PIB

May 26, 2017 Blueprint 1

 Establishes 3 new agencies  APC, NUPENG, PENGASSAN hail passage By Taiye Odewale, Moses John and Bode Olagoke, Abuja After nine years of failed attempts, the Senate yesterday passed into law the controversial Petroleum Industry Governance Bill (PIGB) 2017, with the Nigerian National Petroleum Corporation being a major victim as it was split into two new commercial entities. And in self-appreciation, Read More

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Why there must be multiple regulators petroleum industry

May 26, 2017 Blueprint 0

The Petroleum industry operates under two, even three distinct sub sectors, known as the downstream, midstream and upstream. But the most critical sub sectors, (downstream and upstream) more engaging have more industry operational activities. The downstream sector commonly refers to the refining of petroleum crude oil and the processing and purifying of raw natural crude as well as the marketing Read More

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Buhari appoints chief executives for 23 federal agencies

April 14, 2017 Blueprint 0

By Abdullahi M. Gulloma Abuja President Muhammadu Buhari, has approved the appointment of heads and members of 23 federal agencies. A statement signed by the Director (Press) in the Office of the Secretary to the Government of the Federation, Mr. Bolaji Adebiyi, yesterday said the appointments are with immediate effect. The appointees are Julie Okah-Donli, Director-General of National Agency for Read More

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FG appoints Buba chairman PPPRA

May 26, 2016 Blueprint 0

By Moses John Abuja The federal government yesterday announced the appointment of Alhaji Mohammed Buba as the Chairman, Petroleum Products Pricing and Regulatory Agency (PPPRA). Secretary to the Government of the Federation, Engineer Lawal David Babachir, disclosed in Abuja yesterday after a meeting with the leadership of Nigerian Labour Congress (NLC) to review issues involved in the new fuel pump Read More

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PPPRA explains new PMS pump price

May 25, 2016 Blueprint 0

As the dust generated by the fuel subsidy removal is about to settle, Nigerians are yet to come to terms with the new price regime. In this piece, the Petroleum Products Pricing Regulatory Agency (PPPRA) offers explanations on the policy. MUSA ADAMU writes. According to the PPPRA, it has become imperative to set the record straight so as not to Read More

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Fuel: PPPRA dispels rumours of impending price hike

April 4, 2016 Blueprint 0

By Musa Adamu Abuja The Petroleum Products Pricing Regulatory Agency (PPPRA), has dispels rumours of impending pump price hike of the premium motor spirit (PMS) also known as petroleum, urging the public to ignore such rumour, as prevailing market indicators do not support such. Releasing the second quarter (Q2) allocations for the supply PMS,  the acting Executive Secretary of the Read More

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PENGASSAN protests ‘imposition’ of executive secretary on PPPRA

February 24, 2016 Blueprint 0

By Musa Adamu Abuja Members of staff of the Petroleum Products Pricing Regulatory Agency (PPPRA) yesterday staged a protest against what they called an imposition of executive secretary by external forces. They alleged that these external forces and entrenched interests were those keen on carrying out some questionable agenda through the PPPRA. It would be recalled that when the federal Read More

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PPPRA explains NNPC’s 78% fuel import allocation

January 11, 2016 Blueprint 0

By Musa Adamu Abuja The Petroleum Products Pricing Regulatory Agency (PPPRA)has thrown more light on why it allocated 78 percent of the total volume of 3.1 million metric tons of premium motor spirit (PMS) import allocation for the first quarter 2016 to the Nigerian National Petroleum Corporation (NNPC). Speaking during a chat with news men, the Executive Secretary, Farouk Ahmed,  Read More

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Fuel Crisis: IPMAN tasks Buhari to reposition DPR, PPPRA

December 24, 2015 Blueprint 0

By Bashir Mohammed Kano The chairman of Independence Petroleum Marketers Association of Nigeria (IPMAN) Kano state branch, Alhaji Bashir Dan-Malam, has called for the repositioning of DPR and PPPRA to make them more effective and result oriented. He made the call in an interview with the newsmen in Kano yesterday. He said there was urgent need for the federal government Read More