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NNPC LIMITED
The Nigerian National Petroleum Company Limited has said that its security partner, Tantita Security Services Limited, has intercepted an 800,000-litre capacity vessel loaded with stolen crude.
The declaration by the recently sworn-in Nigerian President, Bola Ahmed Tinubu stating that Fuel Subsidy has been removed, a move creating panic and chaos in Nigerian energy retail markets is not a new development.
NNPC Limited said that the potential changes to petrol price is not enough reason for Nigerians to engage in panic buying of the commodity.
President Muhammadu Buhari has directed the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to take over the supervision of all crude oil export terminals in the country.