Daily Archives: February 2, 2018

No subsidy to oil marketers only “under recovery” by NNPC – Adeosun

  Minister of Finance, Kemi Adeosun, while responding to questions from State House Correspondents after a Federal Executive Council (FEC) meeting, explained that the Nigerian National Petroleum Corporation (NNPC) is not engaged in subsidy but “under recovery” for importation of petrol at a cost higher than N145 per litre, The Sun reports.   On who […]

Nigeria, Niger plan joint refinery, to sign agreement soon

NIGERIA and Niger Republic have concluded plans to establish a new oil refinery to meet the petroleum products needs of the two nations.   The multi-million dollar plant will be located in the border town between Republic of Niger and Katsina State, Nigeria.   In a statement sent to Vanguard, Ministry of Petroleum Resources, Nigeria […]