• Niger Delta militants bomb PPMC pipeline again

    Niger Delta militants bomb PPMC pipeline again

    Nigerian militants on Tuesday bombed a state-run oil pipeline near the southern port city of Warri, the second attack within a week, a community leader and army officer said.

    “The line which was undergoing repair after the previous attack … was billed for commissioning either today or tomorrow,” before the latest attack, chairman of Batan community Dickson Ogugu told AFP.

    He said four surveillance guards deployed to protect the Trans Forcados export line narrowly escaped death after the militants opened fire on […]

  • Reps to probe PPMC, oil marketers over N500bn debt

    Reps to probe PPMC, oil marketers over N500bn debt

    It was gathered that the House of Representatives, on Thursday, resolved to investigate the N500 billion debt owed Petroleum Pricing Marketing Company by major marketers and independent oil marketers.

    The House said the decision is in line with sections 88 and 89 of the 1999 Constitution as amended, which empowers the house to carry out oversight functions on government institutions.

    The decision followed a motion of urgent public importance by Rep. Agom Jarigbe (PDP-Cross River), unanimously adopted by members through a voice […]

  • EFCC uncovers N86bn ‘fraud’ at PPMC

    EFCC uncovers N86bn ‘fraud’ at PPMC

    The Economic and Financial Crimes Commission (EFCC) has uncovered a case of alleged conspiracy between top officials of the Pipeline and Products Marketing Company (PPMC) and some major marketers of the products in the country that has cost the government over N86 billion.

    PPMC, a subsidiary company of the Nigeria National Petroleum Company (NNPC), is in charge of distribution and sale of refined petroleum products, throughout the country.

    The alleged fraud, according to a source at the commission, borders on racketeering of […]

  • Fuel scarcity looms as DPR, PPMC, PPPRA join PENGASSAN on strike

    Fuel scarcity looms as DPR, PPMC, PPPRA join PENGASSAN on strike

    The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), other members of the oil and gas industry, such as Department of Petroleum Resources (DPR), Petroleum Products Pricing Regulatory Agency (PPPRA), have announced plans to go on strike.

    A statement signed by the National Public Relation Office , PENGASSAN, Comrade Emmanuel Ojugbana, called on all chairmen and secretaries in the four zones and branches to comply with the new directive.

    He said “In the meeting, the gradual method of shutdown was […]