Oil & Energy
NNPC Calls For Accelerated Passage Of PIB
The Group Managing Di
rector, Nigerian National Petroleum Corporation (NNPC), Mr Andrew Yakubu, has appealed to the National Assembly to accelerate passage of the Petroleum Industry Bill (PIB).
Yakubu made the appeal during the NNPC Day at the ongoing Enugu International Trade Fair.
Represented by Executive Director, Operations, Port Harcourt Refineries, Mr Vitalis Ugochukwu, Yakubu said the PIB when passed into law would facilitate the competitiveness of the NNPC in the global market.
“The PIB is change legislation which promises to offer our corporation all necessary incentives to enable it excel.
“The bill proposes the incorporation of the NNPC as a limited liability company which will be subject to the Companies and Allied Matters Act,” he said.
Yakubu said that it was necessary for the new NNPC to be run as a pure business concern to enable the firm to raise funds from the capital market and pay dividends to its owners.
The bill, he said, would separate the Nigerian Gas Company into two entities, Nigerian Gas Transmission Company and the Nigerian Gas Marketing Company.
“In the same vein, the current PPMC will be split into two entities, namely the National Transportation Logistics Company (NTLC) and the Product Marketing Company (PMC),” he said.
Yakubu said that while the NTLC would be wholly owned by government, the PMC would be wholly owned by the NNPC Ltd.
“At the same time, the NNPC will shed its current regulatory role and focus on the business of exploration, refining and marketing of petroleum products,” he said.
He said that it had become expedient for Nigerians to partake in the actual production of hydro-carbon.
“It is a welcome development because we will have more value for hydro-carbon and understand what other multi-national companies are doing in the crude oil business.”
Yakubu said the PIB bill made provisions for development of gas for the domesticate market through the combination of obligations set by the Petroleum Inspectorate and Favourable Fiscal Provision.
“Gas contributions to the world energy mix are growing faster than can be imagined, and particularly in Nigeria.
“Gas production offers the potential to grow Nigeria’s Gross Domestic Product (GDP),” he said.
Yakubu said that it was the desire of the NNPC to transform into a high performance and join the league of some national oil companies that were classified as International Oil Companies.
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Dangote Refinery Resumes Gantry Self-Collection Sales, Tuesday
This is revealed in an email communication from the Group Commercial Operations Department of the company, and obtained by Newsmen, at the Weekend.
The company explained that while gantry access is being reinstated, the free delivery service remains operational, with marketers encouraged to continue registering their outlets for direct supply at no additional cost.
The statement said “in reference to the earlier email communication on the suspension of the PMS self-collection gantry sales, please note that we will be resuming the self-collection gantry sales on the 23rd of September, 2025”.
Dangote Petroleum Refinery also apologised to its partners for any inconvenience the suspension may have caused, while assuring stakeholders of its commitment to improving efficiency and ensuring seamless supply.
“Meanwhile, please be informed that we are aggressively delivering on the free delivery scheme, and it is still open for registration. We encourage you to register your stations and pay for the product to be delivered directly to you for free. We sincerely apologise for any inconvenience this may cause and appreciate your understanding,” it added.
It would be recalled that in September 18, 2025, Dangote refinery had suspended gantry-based self-collection of petroleum products at its depot. The move was designed to accelerate the adoption of its Free Delivery Scheme, which guarantees direct shipments of petroleum products to registered retail outlets across Nigeria.
The refinery stressed that the earlier decision was an operational adjustment aimed at streamlining efficiency in the downstream supply chain.
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