Tag: Mallam Bello Rabiu

‘NNPCL Still Swaps Crude For 1 Million MT Fuel Supply’

Gbenga Adeoti

. At MEMAN quarterly briefing, experts proffer solutions to fuel price, supply conundrums   The Nigeria fuel consumption capacity estimated at about One Million Metric tonnes (MT) is currently being supplied through the crude swap, otherwise known as Direct Sale Direct Purchase (DSDP), importation programme of the Nigerian National Petroleum Company Limited (NNPCL). Stakeholders in the downstream petroleum sector who confirmed this at the Quarterly Press Engagement organised by the Major Energy Marketers Association of Nigeria (MEMAN) on Wednesday, blamed the fuel price and supply issues currently facing Nigerians on…

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BREAKING: Nigeria Spends N264bn on Refineries, Pipelines in One Year

ADEOLA YUSUF

. NNPC Ex-GED, Upstream, Bello Rabiu, advocates measures to deepen accountability, transparency and efficiency of public refineries as he picks holes in N9 per litre bridging cost The gross inefficiency of the government owned refineries as well as issues about 5,000 kilometers of pipelines across the country cost the Nigerian government over N264 billion in just one year. Former Group Executive Director, Upstream of the Nigerian National Petroleum Corporation (NNPC), Bello Rabiu, who declared this in Lagos on Monday, maintained that the country spends over N22 billion every month on…

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