Petroleum Minister Says Fuel Crisis to be Resolved Soon
The Minister of State for Petroleum, Heineken Lokpobiri has assured the public thatthe fuel crisis experienced across the nation would soon be resolved, noting that theNigerian National Petroleum Company Limited (NNPCL) has sufficient fuel supplies tomeet national demand. The Minister of State for Petroleum made this known while addressing State HouseCorrespondent in Abuja, after an […]
Nigerians in for Tougher Times as Petrol rises to N855 per Litre
Nigerians are in for tougher times, following the price increase of petrol to N855per litre by filling stations belonging to the Nigerian National PetroleumCorporation Limited in Lagos. The price adjustment comes amid the ongoing fuel scarcity rocking the country,and days after the NNPC admitted that its capacity to supply petrol to localmarketers is threatened by […]
NNPCL Under Financial Strain
The Nigerian National Petroleum Company Limited is experiencing financialstrain, which has put considerable pressure on the company and poses a threat tothe sustainability of fuel supply. Its Chief Corporate Communications Officer, Olufemi Soneye, in a statementyesterday, acknowledged reports regarding the company’s significant debt topetrol suppliers, noting that the financial strain had placed considerable pressureon the […]
