NNPCL reduces petrol price
The Nigerian National Petroleum Company Limited (NNPCL) has reduced the pump price of petrol from N960 to N945 per litre at its retail stations, effective Thursday, February 13. The price…
Experts advocate naira for crude policy, utilisation of refineries, others to transform industry
By Michael Ajayi/Aderogba George Prof. Kayode Soremekun of the Lagos State University (LASU), has listed implementation of “Naira for Crude” policy and strategic utilization of the country’s refineries as elements…
Nigeria’s oil production: NGO hails OPEC report
By Sumaila Ogbaje A non-governmental organisation, Ayudantes Empowerment Initiative (AEI) has hailed the Organisation of the Petroleum Exporting Countries (OPEC) report on Nigeria’s crude oil production. NAN reports that OPEC…
Dangote Refinery Rolls Out First Domestic Petrol
While addressing the press on Tuesday, Dangote described the development as a turnaround for the country after many years of not producing a litre of petrol. The group chairman, while…
No directive was issued to NNPCL to increase petrol price to N1,000, says Lokpobiri
Sen. Heineken Lokpobiri, Minister of State Petroleum Resources (Oil), has said that no directive was issued to the Nigerian National Petroleum Company Limited (NNPC Ltd.) to increase petroleum prices to…
Matrix Energy Denies Importing Substandard Oil
The management of Matrix Energy Group, an indigenous and independent oil marketing and trading company, has said that it has never imported or distributed any substandard cargo in to the…
Stop blaming NNPCL for difficulties facing your refinery Bussiness: Arewa Civil Society tackles Dangote
By NAN The Coalition of Arewa Civil Society Group, an NGO has called on Alhaji Aliko Dangote, to stop blaming the Nigerian National Petroleum Cooperation Limited (NNPCL) for the difficulties…
Ipman explains reasons for high cost of fuel in A’Ibom
The current scarcity and high cost of petroleum products in Akwa Ibom has been attributed to lack of supply from the National reservoir to Nigerian National Petroleum Corporation (NNPC) Calabar…
Price crude oil in Naira to strengthen currency, expert advises FG
A financial expert, Mr Okechukwu Unegbu, has advised the Federal Government to consider pricing the country’s crude oil, in Naira in order to strengthen the local currency. Unegbu, a past…