The PPPRA noted that with the recent plunge in the price of crude oil in the international market, it had observed a downward trend in the expected open market price of PMS Uche Usim, Abuja Following media reports that daily subsidy payouts by the government had hit N2.43 billion, the Petroleum Products Pricing Regulatory Agency […]
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PPPRA
Unremitted N1.34trn revenue: PPPRA accuses Budget Office of misrepresentation
ABUJA—Petroleum Products Pricing Regulatory Agency, PPPRA, yesterday, described as false, claims by Budget Office that it failed to remit N1.34 trillion of its Internally Generated Revenue, IGR, to Consolidated Revenue Fund, CRF, domiciled in the Central Bank of Nigeria, CBN.
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No plans to hike petrol price –PPPRA
Uche Usim, Abuja Following speculations in various quarters that that the Federal Government was tinkering with the idea of hiking fuel prices, the Executive Secretary, Petroleum Products Pricing Regulatory Agency (PPPRA), Abdulkadir Saidu on Tuesday said there was no such plan, reaffirming that the retail price of petrol was still N145/litre on the maximum. Saidu […]
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Why Nigeria may not benefit from rising oil prices
Adewale Sanyaolu The global oil community appears to be in a celebratory mood as the threat of sanctions on Iran by the United States has spiked Brent crude to nearly $90 per barrel, the highest since 2014.The rise in oil price signifies increased revenue for oil producing countries but, regrettably, Nigeria may not benefit from […]
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Kachikwu asks NNPC, DPR, PPPRA bosses to reply Falana
Okechukwu Nnodim, Abuja The Minister of State for Petroleum Resources, Ibe Kachikwu, has ordered the Group Managing Director, Nigerian National Petroleum Corporation, Maikanti Baru; the Director, Department of Petroleum Resources, Modecai Ladan; and Executive Secretary, Petroleum Products Pricing Regulatory Agency, Saidu Abdulkadir, to provide the information being sought by a human rights lawyer, Femi Falana, […] …
Breaking: Reps joint c’ttees walk out PPPRA officials
THE House of Representatives joint committees on Finance and Petroleum Downstream on Tuesday walked out officials of Petroleum Product Pricing and Regulatory Agency, PPPRA officials over improper representation.
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PPPRA, DPR to be scrapped, FG insists
The Minister of State for Petroleum Resources, Mr. Ibe Kachikwu, Thursday, confirmed that that the Department of Petroleum Resources, DPR, and the Petroleum Products Pricing Regulatory, PPPRA, would be scrapped, but allayed fears about the sacking of staff of the agencies, stating that the staff would be absorbed into the new company to be created.
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