Tuesday, April 21, 2026
26.2 C
Lagos

Again, NNPC Cautions Against Panic Buying, Says 30-Days PMS Sufficiency Intact

As the nationwide supply and distribution of Premium Motor Spirit (PMS), also known as petrol, continue to improve, the Nigerian National Petroleum Company (NNPC) Limited has once again called on motorists to shun panic buying of the product.

In filling stations monitored across several states, including Lagos and the FCT, the queues have since thinned out, a development that will keep improving daily in other States.

The company wishes to state that at the moment, it has over 1.5 billion litres stock of PMS, which is equivalent to over 30 days sufficiency.

The NNPC is also collaborating with relevant downstream agencies, such as the Nigeran Midstream & Downstream Petroleum Regulatory Authority (NMDPRA), labour unions in the sector and security operatives to address hoarding and other unwholesome practices.

spot_img
spot_img
spot_img

Hot this week

Bank of Industry Signs Strategic Partnership with RMRDC to Foster Agric Value-Chain Growth

Managing Director and Chief Executive Officer of the Bank...

CBN, FMDA Unveil Nigerian Overnight Financing Rate as New Money Market Benchmark

The Central Bank of Nigeria (CBN), in collaboration with...

Mutual Benefits Customer to Nigerians: Embrace Insurance Because it Works

A customer of Mutual Benefits Assurance Plc, Mr. Abdelhamid...

Guinness Nigeria: N1tn Market Capitalisation Signals Strong Investor Confidence, Sustained Value Creation

Guinness Nigeria Plc has achieved a landmark milestone, surpassing...

Stanbic IBTC Asset Management Bags Top Asset Management Award 2026 by Global Banking & Finance Review

In a noteworthy achievement in Nigeria's asset management landscape,...

Topics

Global ICT Leaders to Share Insights at ITU Telecom World 2015

The rapid pace of digital transformation is creating new ecosystems, players and even industries – all holding tremendous potential. But how can this potential be harnessed for the benefit of all? And what should the top-level priorities be? An outstanding line-up of speakers spanning government, industry, entrepreneurs and innovators at the ITU Telecom World 2015 Leadership Summit on 12 and 13 October, 2015 will debate how best to accelerate ICT innovation, open up the digital economy to all the world’s citizens, and work together to enable digital entrepreneurship as a driving force for socio-economic development.

NCC: Subscriber Base Tops 173.7m as Teledensity Hits 91%

The Nigerian Communications Commission (NCC) has clarified that it...

Emirates’ Exclusive Agreement with Dom Pérignon Champagne

As the only airline with an exclusive agreement to...

Starcomms: Baiting Air Travellers with Phone Rental Service

In a bid to ease communication challenges of international...

African ICT Foundation, UNESCO Partner on Internet Governance Forum

Mr. Tony Ojobo President African ICT Foundation The African ICT Foundation is...

NSE Admits Airtel Africa to its Main Board

 L – R (A) shows Segun Ogunsanya, Managing Director/CEO,...

CIIN President, Registrar Honour The Nation’s Insurance Editor at Father’s Burial

L-R: Mr. Edwin Igbiti, President/Chairman of Council, Chartered Insurance...

NAIC Expresses Sympathy for Flood Victims Across Nigeria

The Nigerian Agricultural Insurance Corporation (NAIC) sympathises with flood...
spot_img

Related Articles

Popular Categories

spot_imgspot_img