Category: Energy

NNPCL Board makes Key Appointment ….. Sacks Umar Ajiya, Oritsemeyiwa Eyesan

Abubakar Yusuf

The Board of Directors of NNPC Limited has announced a series of strategic leadership appointments. These changed according to a release signed by Olufemi Soneye,Chief Corporate Communication Officer,NNPCL reflected the Corporation continued dedication to enhancing corporate governance, improving operational efficiency, and ensuring long-term success in Nigeria’s energy sector.   According to the statement, the following new appointment were made with immediate effect;   1. Mr. Adedapo A. Segun has been appointed as the Chief Financial Officer (CFO). Mr. Segun previously served as the Executive Vice President, Downstream, where he made…

APC Group lauds NNPCL, Marketers over plan to distribute Dangote fuel across Nigeria …… Charges Kyari to fix ailing local refineries, not only MoUs with Dangote

Lukman Laleye Babalola

Foremost youth group within the ruling All Progressive Congress (APC), has hailed the Nigerian National Petroleum Corporation Limited (NNPCL) and major oil marketers for deciding to lift and distribute fuel from the Dangote refinery to end users across the country. The group, APC Vanguard for Optimum Transparency and Accountability (APC-VOTA), also called on the Group Chief Executive Officer (GCEO) of the NNPCL, Malam Mele Kyari, to live up to his promises by making the Port Harcourt, Warri and Kaduna refineries operational. In a statement issued on Wednesday morning by the…

NNPC increases price of petrol to N1,030 per litre

Emporium Reporters

The Nigerian National Petroleum Company Limited (NNPC Ltd) has increased petrol price to N1,030 per litre at various outlets across the country. The recent development comes after the NNPC decided to terminate its exclusive purchase agreement with Dangote Refinery. Recall it was reported that the NNPCL is ending its exclusive purchase agreement with Dangote Refinery, opening up the market for other marketers to buy petrol directly from the refinery. This means the NNPC will no longer be the sole off-taker, and marketers can now negotiate prices directly with Dangote Refinery.…

FHA establishes Energy Distribution Company ….. Promises more Power Generation for FHA Estates, other Nigerians

Abubakar Yusuf

The Managing Director, Federal Housing Authority FHA, Hon Oladimeji Oyetunde Ojo has promised to improve on provision of electricity to Nigerians geared towards bridging energy crises across the country and it’s Estates .   The Managing Director, Federal Housing Authority FHA, Hon Oladimeji Oyetunde Ojo gave this assurance on Wednesday during the commissioning of the newly established FHA Energy Distribution Company Limited Head office, a subsidiary of the agency located in Abuja.   While commending President Bola Ahmed Tinubu under the Renewed Hope Agenda of the present administration for providing…

FHA to commission Energy Distribution Company Sept., 25

Abubakar Yusuf

The Federal Housing Authority newly established Energy Distribution Company Limited Head office, a subsidiary of FHA will be commission on Wednesday, September, 25. A statement released by the Managing Director, FHA Energy Distribution Limited, Engr Umar K.M. Umar said the new Head office is located along 24B Osaigbovo Ogbemudia crescent , Apo Legislative Quarters , Abuja. The event scheduled to hold at 10 am will be presided by the Managing Director, Federal Housing Authority FHA, Hon. Oladimeji Oyetunde Ojo. The FHA aside construction of housing is diversifying to energy distribution…

NNPC announces prices of Dangote petrol for different states in Nigeria (Full List)

Emporium Reporters

The Nigerian National Petroleum Company (NNPC) Limited has announced prices of Dangote petrol for its retail stations across different states in Nigeria In a social media post on Monday, the NNPC said the estimated pump price is based on prices set by the Dangote refinery for its petroleum products.   According to the price map shared by the NNPC, residents in the northern part of Nigeria will pay more for the product while those in Lagos will pay less.   – The company reassured Nigerians that in the event of…

AEDC slammed with N1.69bn fine for overbilling customers

Emporium Reporters

The Abuja Electricity Distribution Company has been slammed with a fine of N1.69bn by the Nigerian Electricity Regulatory Commission (NERC) for overbilling customers.   This was contained in the commission’s regulatory document, ORDER/NERC/2024/114, dated August 30 and signed by Vice Chairman, Musiliu Oseni, and Commissioner, Legal, Licensing and Compliance, Dafe Akpeneye but released on its website on Thursday, September 12, 2024.   According to NERC, the fine is based on AEDC’s non-compliance with the commission’s previous order on capping estimated billing for electricity consumers.   After investigating AEDC’s billing practices,…

Tinubu approves NNPC’s request to spend 2023 dividends on fuel subsidy

Emporium Reporters

President Bola Ahmed Tinubu has approved a request by the Nigerian National Petroleum Company (NNPC) Ltd to utilise the 2023 final dividends due to the federation to pay for petrol subsidy, The Cable reports.   The president also approved the suspension of the payment of 2024 interim dividends to the federation in order to augment the oil firm’s cash flow. Although Tinubu announced the removal of fuel subsidy during his inaugural address on May 29, 2023, there have been strong indications that the government still spends billions on subsidy. However,…

Matrix Energy Group denies importation of substandard Petroleum products to Nigeria

Lukman Laleye Babalola

Matrix Energy Group, a leading indigenous oil marketing and trading company, has reacted to a publication making its rounds in various online platforms that the company involved in importing substandard petroleum products into the country.   An online news platform reported that Matrix Energy, an indigenous and independent oil marketing and trading company is one of the major importers of fuel from the tiny European country, Malta as well as Russia.   But in its official reaction, the management of Matrix Energy, affirmed that it has never imported or distributed…

92 CSOs urge Tinubu to ignore smear campaigns against NNPCL, Kyari

Lukman Laleye Babalola

A coalition of 92 Civil Society Organizations, CSOs, led by the Global Centre for Conscious Living Against Corruption, has urged President Bola Tinubu to ignore calls for the removal of the Group Chief Executive Officer of the Nigeria National Petroleum Company Ltd, NNPCL, Mallam Mele Kyari, and the entire management. Speaking at a World Press Conference in Abuja on Wednesday, August 7, 2024, in Abuja, Dr. Nwambu Gabriel, Director General, of the Global Centre for Conscious Living Against Corruption, said their call to the president is based on their “independent…