Business

NNPCL increased fuel pump prices to stay in business – Marketers

NWN Editor - October 9, 2024

Petroleum marketers have said the Nigerian government has completely removed the subsidy on Premium Motor Spirit (petrol), which is the reason the Nigerian National Petroleum Company Limited increased the price of the product to N1,030 and N998 per liter...

Economy

NNPCL again increase it’s fuel pump price

NWN Editor - October 9, 2024

Nigerian National Petroleum Company Limited, NNPCL, has again increase the pump price of the Premium Motor Spirit, PMS, also known as petrol to N1,030 per liter. The development was observed at some NNPCL outlets in Abuja the federal capital city...

Business

NNPCL Calls for Sustainability as Challenges of Climate Change Intensify

NWN Editor - September 29, 2024

In a stakeholders meeting that brought together reporters covering the National assembly, the Nigerian National Petroleum Corporation Limited (NNPCL), issued a clarion call on the urgent need for collaborative efforts to tackle environmental degradation and promote sustainable practices across...

Business

Crude Oil Theft and Fire Outbreaks: Devastation of Niger Delta Communities Must Stop – NNPCL

A Effanga - September 28, 2024

The Niger Delta region, once blessed with fertile lands, thriving rivers, and rich cultural heritage, now bears scars from decades of crude oil theft and fire outbreaks. From Oloibiri, where oil was first discovered in Nigeria, to the coastal...

Business

NNPCL Urges Government to Prioritize Oil Theft Prosecution Amid Low Conviction Rates

A Effanga - September 28, 2024

The Nigerian National Petroleum Company Limited (NNPCL) has appealed to the federal government to step up efforts in prosecuting oil thieves, pointing out that the rate of prosecution for these crimes is shockingly low. This call comes as Nigeria...

Business

Crude oil Production – Can Nigeria Hold Unto NNPCL’s Promise of 3million Barrels Per Day?

A Effanga - September 28, 2024

As Nigeria navigates its path to reclaiming its former oil production glory, the Nigerian National Petroleum Company Limited (NNPC) has reaffirmed its commitment to boosting production to an impressive 3 million barrels per day (bpd). This bold claim comes...

Business

Oil Production: “We Can Achieve 3 Million Barrels Per Day” – NNPC’s Ambitious Promise

A Effanga - September 28, 2024

The Nigerian National Petroleum Company Limited (NNPCL) has announced that Nigeria has the potential to increase its daily crude oil production from 1.7 million barrels to an impressive 3 million barrels per day. This announcement came during a Stakeholders Engagement...

Business

CNG: A Basket for Nigeria’s Gas Fortunes or a Burden for Nigerians?

A Effanga - September 21, 2024

When we talk about energy in Nigeria, the first thing that comes to mind is the price of fuel. We all know how that conversation goes, especially when you reach the petrol station and see the meter running faster...

Business

Boosting Nigerians’ Acceptance of CNG Conversion: Can We Make the Shift?

A Effanga - September 14, 2024

As the price of petrol continues to skyrocket like a Nigerian landlord increasing rent, the talk of converting cars to run on Compressed Natural Gas (CNG) has started gaining ground. But na we Nigerians dey look am with one...

Economy

Nigerians and the Journey to CNG Conversion: Wahala, Waka, and Hope for the Future

A Effanga - September 7, 2024

Imagine this: It’s a sunny Monday morning, and you’re standing at a filling station in Lagos. The air is thick with heat, and the queue, as usual, is as long as the “first gate to last gate” trek in...

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