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Lagos dares DPR, insists on permits for tank farms, others

The Lagos State Government has emphasised that it will not tolerate any physical development in the state, particularly petroleum tank farms and filling stations, without planning permit. The Commissioner for Physical Planning and Urban Development, Dr Idris Salako, said this during a press briefing in Alausa on Friday. The commissioner …

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NNPC Records Crude Oil, Gas Sales of $219.75m in May

Ebuka Daniel The Nigerian National Petroleum Corporation (NNPC) says it recorded a total crude oil and gas export sales of $219.75m in May 2021, representing 180.29% increase on sales from the previous month of April 2021. This is contained in the May 2021 edition of the NNPC Monthly Financial and …

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Buhari Directs Incorporation Of NNPC LTD, Appoints Board

Oluwasina Phillip President Muhammadu Buhari, in his capacity as Minister of Petroleum Resources, has directed the incorporation of the Nigerian National Petroleum Company Limited. This is in consonance with Section 53(1) of the Petroleum Industry Act 2021, which requires the Minister of Petroleum Resources to cause for the incorporation of …

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DPR reopens depots shut by Lagos Govt

Ololade Omosan-Agie The Department of Petroleum Resources has reopened eight petroleum tank farms shut down by the Lagos State Physical Planning Permit Authority in Lagos, saying the state-owned agency lacked the constitutional backing to close the depots. Zonal Operations Controller, DPR, Lagos Zone, Mr Ayorinde Cardoso, who directed the reopening …

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Marketers Want VAT On Imported Cooking Gas Removed

Oluwasina Phillip The Major Oil Marketers Association of Nigeria has said the imposition of Value Added Tax on imported Liquefied Petroleum Gas, also known as cooking gas, will hamper the adoption of the fuel in the country. The new chairman of MOMAN, Mr Olumide Adeosun, said this during a virtual …

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NNPC Explains How N287bn Profit Was Achieved

Ololade Omosan-Agie Nigeria’s oil industry giant, the Nigerian National Petroleum Corporation, has said that it did not dip its hands into the Federation account to declare N287bn profit in 2020. The State-owned corporation’s, Group Executive Director, Finance and Account, Ajiya Umar, denied the allegation on Friday during Channels Tv ‘Business …

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