With the agreement, the natural gas supplied through the existing Oben-Ajaokuta pipeline would be liquefied at the proposed LNG facility.
Motorists are said to be buying from black marketers between N1,000 to N1,500 per four-litres gallon.
NNPC Retail Limited says plans have been put in place to ensure adequate supply of petroleum products.
NNPC says it has expressed interest to invest in the reconstruction of select federal roads across Nigeria.
The CAC presented the Certificate of Incorporation of NNPC Limited to President Muhammadu Buhari on Friday.
The House of Representatives has summoned the NNPC boss, Mele Kyari, over the alleged award of a coastal shipping contract to a foreign company.
The Nigerian National Petroleum Corporation( NNPC) says it will make a public announcement when it is ready to recruit new workers.
The report explained that the weak performance band was as a result of gross mismanagement in the governance of Nigeria’s oil and gas sector.
Mr Buhari appointed Mr Kyari as CEO of the NNPC which is now incorporated in line with the Petroleum Industry Act.
IPMAN had directed its members to stop loading fuel at the NNPC depot in Enugu following an alleged attack on the association’s secretariat by men of the Nigeria Police Force.
