Fuel Adulteration: NNPC Fingered Four Oil Companies

BusinessOil & GasStandards & Consumer ProtectionFuel Adulteration: NNPC Fingered Four Oil Companies

Hassan Umar Shallpella (Regional Correspondent)February 10, 2022

LAGOS — The Chief Executive Officer/Group Managing Director, Nigerian National Petroleum Company Limited (NNPC), Mallam Mele Kyari has named MRS, Oando, Duke Oil, and Emadeb as the importers of the adulterated fuel currently in circulation in the country. In a statement on Thursday that the company received a report from its quality inspector on the presence of emulsion particles in Premium Motor Spirit (PMS) cargoes shipped by four companies to Nigeria from Antwerp-Belgium. According to...

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FG to Investigate Importation of Off-spec Petrol

BusinessOil & GasStandards & Consumer ProtectionFG to Investigate Importation of Off-spec Petrol

Beloved John (Staff Writer)February 9, 2022

ABUJA — The federal government has vowed to investigate the supply of adulterated premium motor spirit (petrol). Timipre Sylva, minister of state for petroleum resources, disclosed this to state house correspondents at the end of the federal executive council meeting on Wednesday in Abuja. The minister affirmed that decision to probe followed a briefing on the issue to President Muhammadu Buhari Tuesday to get to the bottom of the matter. “The issue did not come...

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Fintiri Rejoice With Chafari As Director General WAGPA

JobsNewsOil & GasFintiri Rejoice With Chafari As Director General WAGPA

Hassan Umar Shallpella (Regional Correspondent)February 3, 2022

YOLA — Chafari Shadrach Kanya, a lawyer by profession who hails from Hong Local Government Area of Adamawa state has emerged as the Director-General of the West Africa Gas Pipeline Authority. Chafari Shadrach Kanya is the first Nigerian and first female to occupy the seat of DG of the multinational economy-based organisation. WAGPA is an international organisation established by a treaty between Nigeria, Benin, Togo and Ghana to regulate trans-border gas pipelines laid from offshore...

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NCDMB to Host Local Content Investment Forum – Official

AfricaOil & GasNCDMB to Host Local Content Investment Forum – Official

PilotnewsJanuary 30, 2022

ABUJA — The Nigerian Content Development and Monitoring Board (NCDMB), says it will host the Africa Local Content Investment Forum (ALCIF) to foster sustainable funding of Africa oil and gas projects. The forum is scheduled to hold in Lagos on March 7. Executive Secretary of the Board, Mr. Simbi Wabote, who stated this in a statement, on Saturday in Abuja, said that energy transition agenda was posing new challenges to Africa. Wabote said the initiative...

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Fuel Queues Ease Off in FCT

NewsOil & GasFuel Queues Ease Off in FCT

PilotnewsJanuary 30, 2022

ABUJA — Queues for Premium Motor Spirit (PMS) at Fuel Stations in the Federal Capital Territory (FCT) following an artificial scarcity have ease-off, the News Agency of Nigeria (NAN) reports. NAN reports on Sunday that normalcy has been restored as many fuel stations at Central Business District, and Nyanya-Karu-Kurudu-Orozo-Karshi axis are currently selling at the normal rate of N165 per litre and dispensing with all pumping machines. NAN reports that last week, many fuel stations...

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33 Successful Bidders Lose FG’s Marginal Oil-Field Awards

BusinessNewsOil & Gas33 Successful Bidders Lose FG’s Marginal Oil-Field Awards

Bada Yusuf Amoo (Correspondent)January 28, 2022

ABUJA — A total of 128 awardees that emerged as successful bidders in the 2020 Marginal Field Bid Round have made complete and part payments for signature bonuses in the oil fields, the Federal Government said on Thursday. It also disclosed that 33 awardees did not make payments during the 45 days window given to successful bidders to pay the required signature bonuses for the oil fields and as such had lost their awards to...

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NNPC Needs N10trn For Fuel Subsidy In 2022 – Finance Minister

NewsOil & GasNNPC Needs N10trn For Fuel Subsidy In 2022 – Finance Minister

Bada Yusuf Amoo (Correspondent)January 27, 2022

ABUJA — The Nigerian National Petroleum Corporation has requested the sum of three trillion naira (N3,000,000,000,000) as fuel subsidy for 2022. Minister of Finance, Budget, and National Planning, Mrs. Zainab Ahmed, disclosed this to State House correspondents after the Federal Executive Council meeting which was chaired by President Muhammadu Buhari on Wednesday. “In 2022, because of the increased crude oil price per barrel in the global market, now at $80 per barrel, and also because...

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Fuel Subsidy: Federal Govt Extends Deadline

BusinessOil & GasFuel Subsidy: Federal Govt Extends Deadline

Hassan Umar Shallpella (Regional Correspondent)January 25, 2022

ABUJA — Minister of State for Petroleum Resources, Timipre Sylva said the subsidy of fuel will last for another 18months, pending when an amendment in the Petroleum Industry Act will be forwarded to the National Assembly. He gave this indication on Tuesday while briefing State House Correspondents in Abuja, explaining that the rehabilitation of refineries are ongoing, while Dangote refinery is almost coming on stream. “President Muhammadu Buhari being aware of the negative implications of...

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IPMAN President, Ahmed, Decries Delay in Payment of Bridging Claims

LabourOil & GasIPMAN President, Ahmed, Decries Delay in Payment of Bridging Claims

PilotnewsJanuary 21, 2022

ABUJA — The new National President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Alhaji Debo Ahmed, has appealed to the management of the Nigerian National Petroleum Company (NNPC) Limited to ensure payment of outstanding bridging claims owed members of the Association. He made the appeal during the inauguration of the new national leadership of the association in Abuja. Ahmed succeeded the immediate past President of IPMAN, Mr. Habu Fari whose tenure expired last...

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President Buhari Has Not Authorized Anyone To Remove Fuel Subsidy

EconomyOil & GasPresident Buhari Has Not Authorized Anyone To Remove Fuel Subsidy

Hassan Umar Shallpella (Regional Correspondent)January 20, 2022

ABUJA — Senate President Ahmed Lawan has said President Muhammadu Buhari did not direct anyone in his administration to implement the removal of petroleum subsidy. Recall that the Minister of Finance, Budget and National Planning, Hajiya Zainab Ahmed, had announced last October that the federal government made provision for petrol subsidy only for the first six months of 2022 as the government looked towards complete deregulation of the sector. She had said: “In our 2022...

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