Petroleum marketers in the wake of the current economic standing of the country especially as the nation’s currency, naira slipped further down against the dollar and the unavailability of Foreign exchange have agitated an increase in price of petrol. The increase according to marketers will set the new price of petrol at N151 per liter […]
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Independent Petroleum Marketers Association of Nigeria, IPMAN along with other players and stakeholders in the oil and gas industry have said that the current price cap of N145 per liter of petrol is no longer feasible and that the price will have to go up. According to the market operators, a further price hike in […]
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Aliko Dangote, one of Africa’s richest men has pledged to employ about 30,000 youths by the year 2019. This he said is to help the youths and ensure there are jobs for them to be able to live on. Mr Olakunle Alake, the Cheif operating officer of Dangote industries limited said that by the first […]
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The Petroleum Minister, Ibe Kachikwu has dismissed rumours and speculations circulating about the possible increase in the pump price of Premium Motor Spirit (PMS). Ibe Kachikwu addressed the issue which has caused panic in and around Abuja yesterday following the meeting of the President with major Niger Delta stakeholders. The speculation held that the price…
The post Petroleum Minister, Ibe Kachikwu Addresses Pump Price Increase Rumours appeared first on 24/7 News updates from Nigeria.
Fourteen ships are currently discharging petroleum products and other commodities at Apapa and Tin-Can Island ports in Lagos, the Nigerian Ports Authority (NPA) said on Friday. NPA explained that the ships were at the ports discharging buck wheat, clinker, petrol, diesel, empty containers, bulk charcoal, palm oil and bulk sugar. The News Agency of Nigeria (NAN)…
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The Nigerian National Petroleum Corporation (NNPC), has increased the pump price of petrol by N4 at its mega stations. Fuel price, which has been sold for N141, is set to hike to N145 per litre. This increment came on Tuesday. The spokesman for the NNPC, Garba-Deen Muhammad, stated that no rule compelled any marketer to…
The post NNPC increases fuel price by N4/litre at its mega stations appeared first on 24/7 News updates from Nigeria.
Fourteen persons in Tegina town in Rafi Local Government Area of Niger state, on Friday, lost their lives as a result of a fire caused by a petrol tanker. It was gathered that the tanker was conveying petrol from Lagos to Kaduna when the driver lost control and rammed his vehicle into some residential buildings…
The post Tragic! 14 Dead, 8 Houses Burnt In Petrol Tanker Fire In Niger appeared first on 24/7 News updates from Nigeria.
The House of Representatives Ad hoc Committee reviewing 2016 increase in pump price of petrol, on Monday accused some government agencies of complicity in the policy. The committee headed by Rep. Raphael Igbokwe (PDP-Imo), which commenced a two-day public hearing on the issue, identified Nigerian Ports Authority (NPA) as one of such agencies. It said…
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The Nigerian National Petroleum Corporation (NNPC) has announced measures to sustain the supply of petrol, diesel, and kerosene nationwide. Mr Ndu Ughamadu, Group General Manager, Group Public Affairs Division, NNPC said in a statement in Abuja on Monday that the decision was taken at an emergency meeting on the corporation’s downstream operations. “These measures include:…
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An acute scarcity of petroleum products has forced an increase in the pump price of petrol to N170 as against approved N145 per litre in Zamfara. The News Agency of Nigeria (NAN) reports that some of the filling stations in the state were shut while others were selling the product between N165 and N170 per…
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Twenty eight ships laden with petroleum products, food items and other goods are expected to arrive Apapa and Tin-Can Island ports in Lagos from March 2 to March 12. The Nigerian Ports Authority (NPA) stated this in its publication – `Shipping Position’, – a copy of which was made available to the News Agency of…
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The Department of Petroleum Resources (DPR) on Sunday said it had sealed 13 fuel stations in Akwa Ibom for selling petrol above the N145 per litre pump price. Bassey Nkanga, DPR Controller for Akwa Ibom and Cross River, told the News Agency of Nigeria (NAN) in Eket that the stations sold petrol for N180 between…
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Eight ships laden with petrol and other commodities are to berth in Lagos ports, the Nigerian Ports Authority (NPA) said on Thursday. The News Agency of Nigeria (NAN) reports that the document noted that four of the ships contained petrol, while other ships would berth with empty containers, crude palm olein and bulk fertiliser. The…
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The Nigerian National Petroleum Corporation (NNPC) on Friday said it had taken measures to recover 130 million litres of petrol from two downstream oil operators over operational infraction. The NNPC Chief Operating Officer, Downstream, Mr Henry Ikem-Obih, made this known in Abuja in a statement by Mr Ndu Ughamadu, NNPC Group General Manager, Group Public…
The post Missing Petrol: NNPC announces measures to recover product appeared first on The Herald Nigeria.
Ifeanyi Ubah, the chairman of Capital Oil and Gas Industries Ltd has called for a reconciliation of the company’s account with the Nigerian National Petroleum Corporation (NNPC). Ubah, made the call on Sunday in Lagos, in the wake of the allegation by the NNPC that his company could not account for 100 million litres of…
The post Missing N11bn petrol: Capital Oil wants account reconciled with NNPC appeared first on The Herald Nigeria.
The Nigerian National Petroleum Corporation (NNPC) on Sunday said it had put in place measures to ensure steady supply of petroleum products across the country. The corporation said this in a statement released in Abuja by Mr Ndu Ughamadu, its Group General Manager, Group Public Affairs Division. According to it, part of the measures was…
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Four ships laden with petrol are waiting to berth in Lagos ports, the Nigerian Ports Authority (NPA) said on Wednesday. The NPA disclosed this its daily, “Shipping Position” made available to the News Agency of Nigeria (NAN) n Lagos. It said that two other ships would berth with aviation fuel and one ship would berth…
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Seventeen ships are discharging petroleum products and other commodities at Apapa and Tin-Can Island ports in Lagos. NPA disclosed this in its daily publication, Shipping Position “. released in Lagos on Friday. It said that the ships were discharging bulk wheat, petrol, general cargoes, containers, salt, bulk fertiliser, empty containers and frozen fish. NPA said…
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The House of Representatives Ad-hoc Committee on Review of Pump Price of Petrol has called on private marketers of petrol to sell at the government-regulated price. The Chairman of the committee, Rep. Raphael Igbokwe, made the call during an oversight visit to Liquid Bulk Ltd., Conoil, DELMAR Petroleum Company Ltd. and some other petrol marketers…
The post Petrol price: Reps urge private marketers to put national interest above others appeared first on The Herald Nigeria.
Some Nigerians in Abuja on Friday flayed the Senate recommendation for a N5 fuel levy on every litre of petroleum or diesel imported into the country. The respondents expressed their views in separate interviews with the News Agency of Nigeria (NAN) in Abuja. Speaking to the News Agency of Nigeria (NAN), Mr Adebayo Ojo, a…
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