Nigeria embargoes petrol price hike, freezes cost at N162/litre

  Petrol remains at N162.50 per litre until talks with labour are completed, NNPC says as it continues to bear subsidy burden  The Nigerian National Petroleum Corporation (NNPC) has said it would maintain its current ex-depot price of Premium Motor Spirit (petrol) until the conclusion of ongoing engagement with the organized labour and other stakeholders. Addressing newsmen in Abuja, the Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, said the Corporation, at the moment, was bearing the burden of importing refined petroleum products as the supplier of last…

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Kyari: Buhari, only Nigerian President that has never interfered in NNPC

  Nigerian President Muhammadu Buhari remains the only president that has never interfered in the operations of the Nigerian National Petroleum Corporation (NNPC). Group Managing Director of the NNPC, Mallam Mele Kyari, who, according to a press release,  declared this in Sokoto, Northwest Nigeria, while delivering the Usmanu Danfodiyo University’s 2021 First Quarter Public Lecture Series, commended President Buhari for giving the Corporation’s Management free-hand to deliver on its mandate. Speaking on the topic, “Navigating Energy Transition and the Imperatives of University-Industry Collaboration,” Kyari added, according to a statement issued…

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