…increase, a result of scarcity due to failure of the NNPC to sell product to IPMAN members The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said the prevailing unofficial increase in the price of Premium Motor Spirit (PMS) known as petrol in the country was due to their inability to source products at Nigerian
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…says youths intimidating and extorting money from petroleum truck drivers, who are NUPENG/PTD members plying the road The Nigeria Union of Petroleum and Natural Gas, NUPENG, workers in Lagos State have written to the state governor, Mr Babajide Sanwo-Olu, to check the activities of persons it described as unscrupulous elements harassing its members. The letter,
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‘NNPC should be unbundled and disbanded’ Former Governor of the Central Bank of Nigeria(CBN) and deposed Emir of Kano, Lamido Sanusi has called for the unbundling of the Nigerian National Petroleum Company Limited (NNPCL) declaring the national oil company as a money pit and not a “cash cow”. Sanusi, who spoke at the 7th edition
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‘Gas consumers stood the risk of further price hike as long as dollar continued to strengthen’ Nigerians may face more trouble as there are strong indications that gas prices will further rise as marketers have hinted that the high exchange rate of dollar to naira is having a negative impact on importation. National Operations Controller,
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The Petroleum and Natural Gas Senior Staff Association of Nigeria says the military should be held responsible for the high rate of crude oil theft in the country. This was made known at the Senate’s investigation into oil lifting and theft on Wednesday, which was chaired by Senator Akpan Bassey. The National President of PENGASSAN,
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Members of the Independent Petroleum Marketers Association of Nigeria (IPMAN) on Saturday took to the streets over what they called illegal collection of levies by the Petroleum Tanker Drivers (PTD) of the National Union of Petroleum and Natural Gas Workers (NUPENG). IPMAN members during the protest on Saturday in Portharcourt, Rivers State capital, moved to
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A pressure group, Movement for Just Utilization of Resources in the South East (M-JURSE), has urged the Federal Government to grant oil pipeline protection contracts to youths of host communities. National Coordinator, Mr Stanley Okafor in a statement, said the move would stem the tide of vandalization and oil theft in the region. He said
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The Nigerian National Petroleum Company Limited has said that the country would stop importing petroleum products by 2023. The Group Chief Executive Officer of the NNPC, Mele Kyari disclosed this during a press briefing at the state house in Abuja, on Tuesday. Speaking during the weekly Ministerial Briefing, hosted by the Presidential Communication Team at
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The Chief of Naval Staff, Vice Admiral Awwal Gambo, has described as unrealistic and impossible the estimated amount of stolen crude oil in the country. Reports of stolen crude oil of about 20,000 to 200,000 barrels per day had been in circulation. But the naval chief described the figures as too high, stressing that losses
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Considering the high capacities of Nigeria in the field of crude oil export and LNG production factories and the export of the energy carrier, we can hope for long-term cooperation between the two countries in this field A memorandum of understanding for cooperation in fields of energy, including the export of technical and engineering services
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Operatives of the National Security and Civil Defence Corps in Delta State have arrested four bunkery suspects and intercepted six tankers and articulated trucks loaded with stolen and illegally refined petroleum products suspected to be automated gasoline oil. The NSCDC spokesperson in the state, Emeka Okwechime, confirmed the development in a statement on Wednesday. He
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The Nigeria Security and Civil Defence Corps in Cross River, has impounded 16,000 litres of stolen petroleum products in the state. The state NSCDC Commandant, Mr Samuel Fadeyi, said the stolen products which are mainly Automotive Gas Oil also known as diesel, were stored in drums and gallons and hidden at trailer parks across the
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Former Vice President of Nigeria, Atiku Abubakar, on Tuesday, added his voice to the widespread protests on the recent increment of the pump price of petrol by the Nigerian government. Atiku stated that from an economic viewpoint, the hike was not necessitated. The DAILY VENDOR recalls that the federal government through the Petroleum Products Marketing
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The newly elected Executives seem to have a major issue on their table as the Federal Government has said since its operation cost takes 46 per cent of its income from crude oil, it may necessitate job losses or zero profit unless there is understanding with workers. President Muhammadu Buhari, represented by the Minister of
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Members of the National Union of Petroleum and Natural Gas workers (NUPENG), and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) have suspended the strike they undertook to protest against the non-payment of their salaries. PENGASSAN’s Public Relations Officer, Fortune Obi, confirmed the suspension Tuesday morning. He said, “Strike suspended as Federal
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