Dare Olawin

1 week ago | punchng.com | Adebayo Folorunso-Francis |Dare Olawin |Arinze Nwafor |Josephine Ogundeji

The Petroleum Products Retail Outlet Owners Association of Nigeria has warned the Federal Government against banning fuel importation following President Bola Tinubu’s approval of the Renewed Hope Nigeria First policy. This comes as the Organised Private Sector and some government officials laud the initiative, stressing that it will benefit local manufacturers of the affected goods.

1 week ago | punchng.com | Dare Olawin |Bankole Taiwo

Marketers of petroleum products have condemned the Federal Government’s selective reopening of filling stations in border communities, saying the act will promote profiteering and monopoly. In 2019, the former President Muhammadu Buhari administration banned the supply of fuel in filling stations within 20km of the borders with neighbouring countries. Since then, over 400 filling stations belonging to independent marketers have been rendered useless despite the cost of investment.

1 week ago | punchng.com | Okechukwu Nnodim |Solomon Odeniyi |damilola aina |Dare Olawin |Dele Ogunyemi

P’Harcourt, Warri, Kaduna refineries’ MDs arrested Kyari, 13 senior ex-NNPCL officials face probeThe Economic and Financial Crimes Commission has arrested the recently sacked managing directors and some top officials of the Port Harcourt Refining Company, Warri Refining and Petrochemical Company, and Kaduna Refining and Petrochemical Company. The officials were arrested over alleged mismanagement of funds earmarked for the rehabilitation of the facilities.

3 weeks ago | punchng.com | Solomon Odeniyi |Stephen Angbulu |Dare Olawin |Bankole Taiwo |Maiharaji Altine |Isah Ojo | +6 more

President Bola Tinubu is planning to meet with the service chiefs to discuss the rising killings in Plateau, Benue and other parts of the country on his return to Abuja from his two-week working visit to Paris, the French capital. Tinubu returned to Abuja on Monday night after spending 18 days on a working visit and retreat in Paris and London.

1 month ago | punchng.com | Stephen Angbulu |damilola aina |Dare Olawin |Dele Ogunyemi

President Bola Tinubu’s decision to sack Mele Kyari and other board members of the Nigerian National Petroleum Company Limited stems from mounting concern over performance and a failure to meet key production targets, Presidency officials have disclosed. In an abrupt move on Wednesday, Tinubu removed Kyari, who had been at the helm of the national oil company since 2019, as part of a broader overhaul, which the Presidency said was aimed at boosting Nigeria’s crude and gas output.