Oil & Gas
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‘Allow Nigerians breathe,’ reactions as NNPCL increases petrol pump price to N617
Some Nigerians have taken to social media to express displeasure over the latest increase in the price of petrol by…
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Market forces responsible for Increase in petrol price, not shortfall in supply – NNPC
The Nigerian National Petroleum Company (NNPC) Ltd., has attributed the increase in the price of Premium Motor Spirit (PMS) also…
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Fuel smuggling persists in borders despite subsidy removal – Customs Boss
The Acting Comptroller-General of the Nigeria Customs Service, Adewale Adeniyi, on Monday, vowed a heavy clampdown on oil thieves, insisting…
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Nigeria’s fuel consumption drops by 28% after subsidy removal – Agency
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), has disclosed that the average daily consumption of fuel in Nigeria…
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Petrol pump price to hit N700 per litre in July – Marketers
Oil marketers have projected that the pump price of petrol could rise above N700 per litre in Northern Nigeria starting…
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Subsidy payments gulped N1.82trn in five months, arrears hit N3.73trn
The Nigerian National Petroleum Company (NNPC) Limited says it paid N307.408 billion as petrol subsidy payment in May 2023. …
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Nigeria accumulates $3bn debt to traders for oil swaps
Nigeria has accumulated up to $3 billion in debts to trading houses such as Vitol and oil majors such as…
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Anxiety as ex-depot petrol price rises to N490 per litre
There was palpable anxiety among members of the public Tuesday, following a rise in the ex-depot price of petrol by…
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Fuel Subsidy: FG to seek World Bank intervention funds
Following the removal of fuel subsidy, the National Economic Council (NEC) has made moves to provide palliatives for workers and…
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Oil revenue crash pushes FG’s deficit by 22.8% to N513bn in February
The Federal Government’s fiscal operations in the early part of this year have resulted into a 22.8 per cent rise…
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