The Nigerian National Petroleum Company (NNPC) Ltd has assured the public that there is no imminent increase in the cost of Premium Motor Spirit (PMS), commonly known as petrol. In a statement issued in Abuja on Thursday by its Chief Corporate Communications Officer, Olufemi O. Soneye, the ...
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The Dangote Refinery has started production. The largest single-train refinery in the world located in Nigeria’s commercial hub began operations in the early hours of Friday. This followed the delivery of six million barrels of crude supply to the refinery. Although it was supposed to begin operations...
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has appealed to Nigerians not to engage in panic buying of petrol, saying it has enough in stock. Mr Farouk Ahmed, the Chief Executive Officer, NMDPRA confirmed this to the News Agency of Nigeria (NAN) in Lagos on Tuesday. Ahmed...
Former Governor of the Central Bank of Nigeria, Sanusi Lamido Sanusi, on Saturday, queried the volume of Nigeria’s daily consumption of Premium Motor Spirit also known as petrol. Sanusi described as unbelievable the claim by the Nigerian National Petroleum Company (NNPC) Limited that Nigeria consumes 66 million litres of...
Some members of the Independent Petroleum Marketers Association of Nigeria (IPMAN) in the South-East say they will no longer guarantee the supply of products at the approved pump prices. The marketers spoke in separate interviews with the News Agency of Nigeria (NAN) in Awka on Thursday. They said that...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has blamed the inadequate supply of petrol from the depots in Lagos for the scarcity being experienced in Abuja and other parts of the country. IPMAN President, Mr Chinedu Okoronkwo, made this known in an interview with the News Agency of...
By OLA MUDOPE, Lagos – The Lagos State Government has frowned at a viral video showing kegs of petrol to be distributed to guests at the installation ceremony of Chief Dr Pearl Chidima Ogbulu as Erelu Okin of Orile Kemta. Recalled that the video which has gone viral on...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has assured Nigerians of availability of petroleum products across the country during the yuletide. IPMAN’s President, Mr Chinedu Okoronkwo, gave the assurance in an interview with the News Agency of Nigeria (NAN) on Wednesday in Lagos while reacting to resurfacing of...
By JOY ADARA, Abuja – The Nigerian National Petroleum Company (NNPC) Ltd has urged Nigerians not to engage in panic buying but to fully enjoy the spirit of the festive season as it continues to work tirelessly to ensuring sufficient supply of petrol to every part of the country....
It is a common knowledge that the Nigeria Labour Congress (NLC) recently rejected the Federal Government proposed N5, 000 for 40 million poor Nigerians when the subsidy on Petroleum Motor Spirit (PMS) is removed. While describing it as ‘nonsensical’ the argument that the complete surrender of the price of...
By OLA MUDOPE, Lagos – The Nigerian Ports Authority (NPA) has said that about 21 ships at the Lagos ports were discharging bulk wheat, general cargo, container, petrol, bulk sugar, base oil, frozen fish, bulk gypsum and bulk urea. NPA disclosed this in its publication, ‘Shipping Position’, which was...