Global Oil Price Surges as US Imposes Latest Sanctions on Russia
The global oil market witnessed a significant surge on Monday, with Brent crude rising above $81 per barrel, as the latest US sanctions on Russia’s oil industry took effect. This development comes after oil marketers in India and China scrambled…
Obasanjo Gets NNPC Limited’s Invitation After Revealing How NNPC Rejected Dangote’s $750m Offer to Manage Nigeria’s Refineries
Former Nigeria’s President Olusegun Obasanjo has revealed that the Nigerian National Petroleum Corporation (NNPC), now Nigerian National Petroleum Company Limited (NNPC Limited) rejected a $750 million offer from Aliko Dangote to manage the Port Harcourt and Kaduna refineries in 2007….
Kebbi Customs Command Achieves Significant Milestones in Q3
The Nigeria Customs Service Area Command in Birnin-Kebbi, Kebbi State, has announced impressive results for the third quarter of 2024. The Command generated N36.2 million and seized illicit goods valued at over N323 million. Revenue Generation and Anti-Smuggling Efforts Comptroller…
BREAKING: Nigeria Deregulates Petrol Market, Allows Marketers to Buy Directly from Dangote Refinery
Nigeria’s Federal Government has taken a bold step towards deregulating the petroleum market, granting petroleum marketers permission to purchase petrol directly from the Dangote refinery. This move effectively bypasses the Nigerian National Petroleum Company Limited (NNPC), ending its monopoly on…
Nigerian Petroleum Marketers Cry Foul as NNPCL Sells Petrol at Higher Rate
The Nigerian National Petroleum Company Limited (NNPCL) has been accused of selling petrol to marketers at a higher rate, sparking outrage among petroleum marketers. According to Abubakar Garima, National President of the Independent Marketers Association of Nigeria (IPMAN), NNPCL sells…
Niger Delta Lawyers Want Port Harcourt Refinery Operational Before End Of September As Promised By NNPCL, Mele Kyari
Lawyers from the Niger Delta region have given the Nigerian National Petroleum Company Limited (NNPCL) and its Managing Director, Mele Kyari, an ultimatum: ensure the Port Harcourt Refinery is operational before the end of September. This demand follows the refinery’s…
Dangote Refinery: How FX Intervention Can Slash Petrol Prices Below N600 Per Liter — Refinery Operators
The Crude Oil Refiners Association of Nigeria (CORAN) has called on the Nigerian government to peg foreign exchange at N1000 per dollar to reduce Dangote Refinery’s petrol price to below N600 per liter. This suggestion comes amid the current petrol…
How NLC Rejected Tinubu’s Sponsored Tour, Demanded Border Security
The National Labour Congress (NLC) has rejected President Bola Tinubu’s offer to sponsor a tour of West African countries where petrol prices are as high as N2,000, citing concerns over fuel smuggling and border security. “Mr. President also offered to…
NNPC Under Fire Over Dangote Refinery Petrol Pricing Discrepancy
The Nigerian National Petroleum Company Limited (NNPC Limited) is facing criticism from the Independent Petroleum Marketers Association of Nigeria (IPMAN) over its pricing of petrol lifted from the Dangote Refinery. IPMAN National Welfare Officer, John Kekeocha, expressed concerns on Channels…
Nigerians’ Perception of NNPCL’s Stand on Dangote Refinery Fuel Wrong — Says Chairman, Skymark Energy and Power LTD
… Maintains that Prices Are Determined by International Market Forces The Chairman and Chief Executive Officer (CEO) of Skymark Energy and Power Limited, Muhammad Saleh Hassan, has taken a swipe at critics that are passing flaks on the NNPCL and…
