President Bola Tinubu has given the green light for the cancellation of a significant amount of the Nigerian National Petroleum Company Limited (NNPCL)’s debts owed to the Federation Account, effectively erasing around $1.42 billion in legacy debts. This information is detailed in a document from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), which was presented … Read more
Nigerian filling stations have lowered the price of premium motor spirit as the landing cost of petrol fell further below Dangote Refinery’s ex-depot pricing. journalists learnt on Wednesday that NIPCO, AA Rano, Eterna, and Empire Energy filling stations in Abuja had cut their fuel pump prices. NIPCO and AA Rano reduced their fuel prices to … Read more
The assertions that Alhaji Umar Ajiyia Isa, the former CFO of the Nigerian National Petroleum Company Limited (NNPCL), was apprehended on Monday by agents of the Economic and Financial Crimes Commission (EFCC) on charges of fraud are, according to Isa, unfounded. The ex-CFO of NNPCL issued a statement on Wednesday denying rumours that he was … Read more