By Dipo Olowookere
Nigerians have been urged not to engage themselves in the panic buying of petroleum products as a result of the reported proposed scarcity of the commodity.
This warning was given by the management of the Nigerian National Petroleum Corporation (NNPC), which allayed fears of possible hiccups in petroleum products supply in parts of the country following an ultimatum issued by the National Union of Petroleum and Natural Gas Workers (NUPENG) over a purported intervention by an arm of the security agencies in what the union viewed as purely labour matters involving a company and its workers in Delta State.
NNPC Group General Manager, Group Public Affairs Division, Mr Ndu Ughamadu, in a statement at the weekend in Abuja, said the corporation’s Group Managing Director, Mr Maikanti Baru, and his management team, were engaging the parties involved, saying the parties are close to resolving the issues.
Mr Ughamadu advised motorists and other consumers of petroleum products not to engage in panic buying as the NNPC management was close to reaching an amicable resolution of the challenge.
In the statement, NNPC assured that the corporation had adequate storage of petroleum products across the country, advising that they should not entertain any fear of petroleum shortages
more recommended stories
Prices of Rice, Tomato, Beans, Garri, Others Drop in June
By Adedapo Adesanya The prices of.
Asian Shares Fall Amid UK, Iran Tensions
By Investors Hub Asian stocks ended.
European Stocks Rise Ahead of Emergence of New UK PM
By Investors Hub European stocks have.
Wall Street Points to Initial Rebound on Earnings Optimism
By Investors Hub The major U.S..
Unilever Nigeria Board Approves H1’19 Results
By Modupe Gbadeyanka The board of.
UBA Marketplace 2019 Kicks Off Friday
By Adedapo Adesanya Africa’s leading financial.
Investors to Access N300bn to Boost Power Supply
By Adedapo Adesanya The Federal Government.
MPC Meeting: Experts Predict Rate Cut to 13%
Modupe Gbadeyanka As the Monetary Policy.