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Fed Govt Slightly Reverse The Price of PMS

Queue at the filing station  The President,  Petroleum Products Retailers Owners of Nigeria( PETROAN), Dr Billy Gills Harry, says the reduction of the product, by the Nigerian National Petroleum Company Limited( NNPCL) is good for the nation'struggling economy, as it would help in soften the difficult situations posed by the sharp rise in the price of petroleum products. While reacting to the issue through a statement issued and signed to the NEWSMIRROR yesterday, Harry said that the slight reversal of the price by NNPCL shows that the government is committed to the alleviation of the problems of the masses. According to him, the reduction in the price per litre of Petrol Motoring Spirit( PMS) from N1,020 per litre to N899 per litre is good, adding that the country will soon get over its problem, if the readjustment of the economy continues. Also, PETROAN's Public Relation Officer, Dr  Joseph Obele said that Dangote Petroleum Refinery had earlier started the r...
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NNPC sacks 500 workers , offers them juicy severance packages



By Akinola Ajibade


 National Petroleum Company ( NNPC') Limited, has sacked 500 of its workers.The  workers were lelieved of their jobs through their e-mail addresses and also given juicy severance packages in order to appease them.

They include executive directors, group general managers, general managers, among others. 

Some of them are billed to retire years 22, 23 and 24.

However, some of the workers especially general managers and group general managers have kicked against the idea.

In a message sent to the affected staff of the company, NNPC gave them up till first week of August to decide, or take actions deemed necessary against them  

This aside the fact that they are entitled to 50 per cent of their salaries, unti the time, they are naturally expected to serve out their tenure in the company.

Recall that the group managing director and chief executive of the company, Mele Kyari said at a town meeting with the staff recently that “they  may either accept the package, which would accompany their retrenchment or reject it, but advised to take it.

Added to this was the transition of the Nigerian National Petroleum Corporation (NNPC) to a commercial venture, NNPC Limited, on Tuesday, 19 July 2022.  

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