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Tag Archives: NNPC

ASUU, VCs Oppose FG’s 40% IGR Deduction Plan For Universities

THE Academic Staff Union of Universities (ASUU) and the Committee of Vice Chancellors of Nigerian Universities have strongly criticised the FG’s 40% IGR deduction plan, labelling it detrimental to the university system. In a letter dated October 17, 2023, titled ‘Implementation of 40% automatic deduction from internally generated revenue of …

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Pressure On Petrol, Diesel Prices As Crude Hits $97.17

THERE are indications that pressures are mounting on the pump price of petrol as the landing cost has risen by 19.3 per cent to N596.93 per litre as of yesterday, from about N500 per litre in July 2023, when the last pump price adjustment was effected across all retail outlets …

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NNPCL Increases Fuel Pump Price To N617 Per Litre

The Nigerian National Petroleum Company Limited (NNPCL) has further jerked up pump prices of Petrol, known as Premium Motor Spirit (PMS) from 537 to 617 naira Per Litre. Recall that in May a day after President Tinubu was sworn into Power the Nation’s Apex Petrol station increased the fuel price …

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NNPC Resumes Oil Drilling In Borno State

The Nigerian National Petroleum Company Ltd has resumed an oil drilling campaign at the Wadi-B located in Jere Local Government Area of Borno State. The NNPC resumed drilling after it stopped drilling in Wadi-B in 1995 because back then successes were weak and findings made during the period were not …

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NNPC: Where Are Our Refineries After 8 years?

THE funds we have been spending on subsidies could buy us brand new refineries off the shelf. The NNPC awarded homongous contracts for the rehabilitation or refurbishment of our four national refineries, and by the terms of the contract, all the refineries should have been delivered by now However, all …

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