The Enugu Chamber of Commerce, Industry, Mines and Agriculture (ECCIMA) has blamed the continuous depreciation of the Naira to low local production capacity of the country. The chamber made the disclosure in a statement issued by its President, Mr Odeiga Jideonwo and made available to newsmen in Enugu on...
petrol
The Dangote Petroleum Refinery and Petrochemicals FZE has prayed a Federal High Court in Abuja to nullify import licences issued to the Nigeria National Petroleum Corporation Limited (NNPC) and five other companies for the purpose of importing refined petroleum products. The News Agency of Nigeria (NAN) reports that the...
The Independent Petroleum Marketers Association Of Nigeria (IPMAN) has attributed the recent adjustment in the price of premium motor spirit better known as fuel to the impacts of the deregulation of the sector. “Well, we know now that we cannot call it an increase but rather we can call...
A former Presidential spokesperson, Dr Doyin Okupe, on Tuesday said he was not in agreement with Alhaji Aliko Dangote’s call for complete removal of subsidy. Okupe expressed the position in an interview with the News Agency of Nigeria(NAN) in Lagos. NAN reports that Dangote, owner of the 650,000 barrels...
By OLA MODUPE , Lagos – Dangote Refinery has debunked report of selling petrol to the Nigerian National Petroleum Company Limited (NNPCL) at N898 per litre. A spokesman for the refinery, Anthony Chiejina in a statement late Sunday described the claim by the NNPCL as “misleading and mischievous”. He...
The Federal Government has hailed the commencement of petroleum product lifting from the Dangote Petroleum Refinery and Petrochemicals, describing it as a significant step towards national industrialisation and self-sufficiency in refining. Mr Anthony Chiejina, Head, of Communications, Dangote Group, in a statement, said that trucks from the Nigerian National...
Amidst the hike in the price of fuel, the National Association of Nigerian Students (NANS) has called for an increase in student loan from N20,000 to N40,000. The NANS Senate President, Babatunde Akinteye, disclosed this during a news conference on the state of the nation in Abuja on Monday....
Edo State Government has announced an indefinite postponement of resumption of all schools in the state over the hike in fuel price. The government announced this, in a memo by the Permanent Secretary in the Ministry of Education, Ojo Akin-Longe, in Benin on Saturday. The permanent secretary said the...
The Peoples Democratic Party (PDP) rejects the new increase in the pump price of petrol to about N1,000 per liter in various parts of the country. Abuja, Sept. 5, 2024 (NAN)The Peoples Democratic Party (PDP) rejects the new increase in the pump price of petrol to about N1,000 per...
Motorists and commuters in Jos, have decried the hike in pump price of Premium Motor Spirit (PMS), by the Nigerian National Petroleum Corporation Limited (NNPCL). The NNPCL on Monday increased the pump price of PMS from N617 to N897 at its outlets. The News Agency of Nigeria (NAN), correspondent...
Dangote Refinery has finally launched its Premium Motor Spirit (PMS), also known as petrol, after over a year of its inception in May 2023. The refinery’s 650,000 barrels per day facility rolled out its first batch of high-quality petrol, promising a new era of fuel efficiency and engine longevity...
The Nigerian National Petroleum Company Ltd. (NNPCL) has increased the price of petrol from N585 to between N855 and N890 per litre, the News Agency of Nigeria (NAN) reports. NAN correspondents, who monitored the situation in Lagos metropolis, observed that in the midst of ongoing fuel shortages and crises,...
An Economic Expert, Dr Sand Mba-Kalu has said the fuel price hike by NNPC Ltd. from N617 per litre to N897 litre will push more Nigerians into poverty. The expert said the sudden increase in Premium Motor Spirit (PMS) pump price by the Nigerian National Petroleum Company Limited (NNPC...
The Cross River and Akwa Ibom States Command of the Nigeria Customs Service (NCS) has intercepted 26,625 liters of petrol at different locations in Cross River. Comptroller in-charge of the Federal Operations Unit, Zone ‘A’ Lagos, Mr Kehinde Ejibunu, made this disclosure in Calabar on Tuesday. Ejibunu, who...
By Patrick ABANG, Calabar – Against the backdrop of illegal exportation of Premium Motor Spirit (PMS) across Nigerian borders, the Nigeria Customs Service has warned that smugglers and other perpetrators shall be duly punished This was made known by the National Coordinator for Operation Whirlwind; Controller HK Ejibunu,...
The Nigeria Customs Service (NCS), Sokoto/Zamfara Command has auctioned 25,162 litres of seized petrol to the public in Sokoto State. The Area Controller, Mr Kamal Muhammed, stated this while addressing newsmen in Sokoto on Wednesday. According to Muhammed, the auction is in line with extant...
By MBAFAN ADE, Abuja – The NNPC Retail Limited has debunked a viral video on social media (specifically on X) depicting a fuel pump attendant at one of our filling stations requiring customers to purchase lubricants or engine oil in order to buy Premium Motor Spirit (PMS), also known...
By EZEKIEL OBI, Abuja – Troops of Nigerian Army have intercepted and apprehended eight members of a syndicate that specialises in smuggling fuel from Nigeria to the Ambazonian rebels in the Republic of Cameroon to facilitate terrorists’ activities. The Nigerian Army, in a post on its official X Handle...
The Nigerian Navy, Forward Operating Base (FOB), Ibaka, says it has arrested two suspected oil thieves carrying 3,500 litres of petrol in a wooden boat en route Cameroon. The Commanding Officer, Capt. Uche Aneke, disclosed this while handing over the suspects and items to Nigerian Security and Civil...
The Adamawa/Taraba command of the Nigerian Customs Service (NCS) says it has recently seized 12,435 liters of petrol worth N10.8 million. The Customs Area Comptroller in charge of the command, Bashir Garba-Bature made the disclosure while briefing newsmen in Yola. According to him, the seized items included 491×25lt...