Oil and Gas
The Nigerian National Petroleum Company Ltd, NNPCL, has reduced its ex-depot price of Premium Motor Spirit, PMS, Popularly known as petrol, to N899 per litre, from the previous N1,020 for oil marketers. The Spokesperson for the Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, Mr. Joseph Obele confirmed this price cut in a statement […]
President Bola Tinubu has extended his heartfelt congratulations to the Nigeria National Petroleum Company Limited (NNPCL) on the successful revitalization of the Port Harcourt refinery, marked by the official commencement of petroleum product loading on November 26, 2024. The President acknowledged the pivotal role of former President Muhammadu Buhari in initiating the comprehensive rehabilitation of all our […]
The Dangote Petroleum Refinery on Sunday announced a reduction in its price of the Premium Motor Spirit (PMS), also known as petrol, to ₦970 per litre for oil marketers. The company’s Chief Branding and Communications Officer, Anthony Chiejina, disclosed this in a statement. He said the decision is the refinery’s way of appreciating Nigerians “for […]
By: Hon. Femi Adebisi JP As Nigeria grapples with the escalating prices of petrol and diesel, the federal government’s recent resolution to transition to compressed natural gas (CNG) vehicles has ignited discussions across the nation. While the intention is commendable, the lack of sufficient infrastructure for CNG dispensing and conversion raises critical safety and operational […]
By: Femi Adebisi JP November 6, 2024 Nigeria, endowed with some of the largest oil reserves in Africa, is paradoxically wrestling with a deepening oil crisis that threatens its economic stability and national security. Despite its status as a top oil producer, the country faces rampant oil theft, pervasive corruption, and a troubling lack of […]
President Bola Ahmed Tinubu has said Nigeria’s motorists now have the option to either buy petrol at N1,000 per litre or equivalent gas per Standard Cubic Meter at N200. The President said his administration has also introduced incentives for commercial motorists to convert from petrol to gas” free of cost.” He said these during a […]
The Federal Government has halted the export of domestically produced cooking gas, in order to prioritize supply for local consumption, with effect from November 1, 2024. The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, made an announcement on Tuesday regarding a measure aimed at easing the escalating costs of gas. This initiative is […]
Dangote Refinery has petitioned the Federal High Court in Abuja to annul the import licenses granted to the NNPCL, Matrix Petroleum Services Limited, A. A. Rano, “despite the production of AGO and Jet-A1 that exceeds the current daily consumption of petroleum products in Nigeria by the Dangote Refinery.” In case number FHC/ABJ/CS/1324/2024, Dangote Refinery is […]
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