Curbing Fuel Fraud Across Africa: Payment24 Introduces ‘Vehicle Biometrics’
Fuel management and payment solutions specialists Payment24 have launched a new module in their comprehensive solutions suite, bringing contactless, cardless and secure fuel payments to market with a view to curbing fuel fraud across Africa. Payment24’s latest innovation, FastLane, is…
Okowa tasks FG on Gas Revolution Industrial Park
Delta State Governor, Sen. (Dr) Ifeanyi Okowa, has called on the Federal Government to activate work on the Gas Revolution Industrial Park project in Ogidigben and ensure that its essence is achieved. Okowa, who was in company with his Deputy,…
Revenue Projection in Letter to AGF Not Reflection of Corporation’s Financial Standing, NNPC Clarifies
…Pledges to Optimize Cost, Boost Remittance to FAAC The Nigerian National Petroleum Corporation (NNPC) has clarified that the revenue projection contained in the letter to the Accountant General of the Federation being cited in the media pertains only to the…
NNPC Records 37.21% Drop in Oil Pipeline Vandalism in January
…Increases Gas Supply for Power Generation The Nigerian National Petroleum Corporation (NNPC) has announced a 37.21 % decrease in cases of pipeline vandalism across the country in the month of January 2021. This is contained in the January 2021 edition…
NNPC Records 80.12% Increase in Trading Surplus in December
…Posts Petroleum Products Sale of ₦288.77billion The Nigerian National Petroleum Corporation (NNPC) has announced an increase of 80.12% in trading surplus for the month of December 2020 which stands at ₦24.19billion compared to the ₦13.43billion surplus recorded in November 2020….
PH Refinery Rehabilitation a Viable Endeavour – Kyari
…Provides Justification for $1.5billion Refinery EPC Project The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has described the recently approved rehabilitation exercise of the 210, 000 barrels per day capacity Port Harcourt Refinery as…
Okowa Counsels FG on How to Spend Percentage of Fuel Subsidy Funds
Delta Governor, Senator (Dr) Ifeanyi Okowa, has called on the Federal Government to use 25 per cent of funds expended on fuel subsidy to provide health insurance for vulnerable Nigerians. Okowa made the call on Friday when he received the…
Nigerians Tired of Turnaround Maintenance on Refineries, Build New Ones – CNPP Tells FG
The Conference of Nigeria Political Parties (CNPP) has strongly condemned the approval of $1.5 billion for immediate rehabilitation of Port Harcourt refinery, insisting that “the ruling All Progressives Congress (APC) administration has not done any single thing differently than the…
PIB: South-South Governors Agree on Percentage for Host Community Trust Fund, Make Demand
…Want NDDC Funds Escrowed Till Buhari Reconstitutes Board Governors of the South-South States demanded an upward review of the provision of 2.5 percent as Host Community Trust Fund in the Petroleum Industry Bill (PIB) to 10 percent in the best…
Clear Fiscal Framework Will Enhance Gas Development – Kyari
The Nigerian National Petroleum Corporation (NNPC) has called for a legislative framework with clear fiscal terms in order to tap the full potential of the gas resources in the nation’s deepwater acreages.The Group Managing Director of NNPC, Mallam Mele Kyari,…
How Oil Industry Loses Investments to Non-passage of PIB – Okowa Reveals
Delta State Governor, Senator (Dr) Ifeanyi Okowa, on Monday gave insights to how Nigeria’s oil industry had lost substantial investments due to delay in the passage of Petroleum Industry Bill (PIB). Okowa stated this when he received on courtesy visit,…
